Company: JACS-RI
Filing Date: 2025-03-18
Form Type: 10-K
Source: 0001013762-25-000620
Chunk: 649

Company: Jackson Acquisition Co II
Filing Date: 2025-03-18
Form: 10-K
Item: Item 6
Chunk 649
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 believes that the funds which the Company has available
following the completion of the initial public offering will enable it to sustain operations for a period of at least one year from the
issuance date of these financial statements.

Off-Balance Sheet Financing Arrangements

We have no obligations, assets or liabilities,
which would be considered off-balance sheet arrangements as of December 31, 2024. We do not participate in transactions that create relationships
with unconsolidated entities or financial partnerships, often referred to as variable interest entities, which would have been established
for the purpose of facilitating off-balance sheet arrangements. We have not entered into any off-balance sheet financing arrangements,
established any special purpose entities, guaranteed any debt or commitments of other entities, or purchased any non-financial assets.

Contractual Obligations

We do not have any long-term
debt, capital lease obligations, operating lease obligations or long-term liabilities, other than an agreement to pay an aggregate of
$10,000 per month for office space and administrative and support services. As of December 31, 2024, the Company incurred $7,000 of administrative
services fees which was included in accrued expenses in the accompanying balance sheet.

The Company has engaged Roth as an advisor in
connection with its Business Combination. The Company will pay Roth a cash fee for such services upon the consummation of its initial
Business Combination in an amount up to 4.0% of the gross proceeds of the Initial Public Offering, an aggregate of up to $9,200,000 after
the underwriters exercised their over-allotment option in full on December 11, 2024. As of December 31, 2024, no Business Combination
Marketing Fee has been incurred or recorded. 

25

Critical Accounting Estimates

The preparation of financial statements and related
disclosures in conformity with accounting principles generally accepted in the United States of America requires management to make estimates
and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date
of the financial statements, and income and expenses during the periods reported. Actual results could materially differ from those estimates.
At December 31, 2024, we have not identified any critical accounting estimates.

Recent Accounting Pronouncements

In August 2020, the FASB issued
Accounting Standards Update (“ASU”) No. 2020-06, Debt - Debt with Conversion and Other Options (Subtopic 470-