Company: JACS-RI
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001213900-25-107171
Chunk: 0

Company: Jackson Acquisition Co II
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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Item 1. Financial Statements.

JACKSON ACQUISITION COMPANY II

CONDENSED BALANCE SHEETS

    September 30,  
    December 31, 

    2025  
    2024 

    (Unaudited)  

    Assets 

    Current assets 

    Cash 
    $585,116  
    $949,366 
  
    Prepaid expenses 
     109,107  
     113,530 
  
    Total Current Assets 
     694,223  
     1,062,896 
  
    Long-term prepaid insurance 
     16,996  
     84,507 
  
    Marketable securities held in Trust Account 
     240,215,212  
     232,858,478 
  
    Total Assets 
    $240,926,431  
    $234,005,881 

    Liabilities, Class A Ordinary Shares Subject to Possible Redemption, and Shareholders’ Deficit 

    Current liabilities 

    Accounts payable and accrued expenses 
    $91,309  
    $57,626 
  
    Accrued offering costs 
     —  
     94,890 
  
    Due to Sponsor 
     97,000  
     7,000 
  
    Promissory note - related party 
     198,024  
     198,024 
  
    Total Current Liabilities 
     386,333  
     357,540 

    Commitments (Note 6) 

    Class A ordinary shares subject to possible redemption, 23,000,000 shares at redemption value of $10.44 and $10.12 per share as of September 30, 2025 and December 31, 2024, respectively. 
     240,215,212  
     232,858,478 

    Shareholders’ Equity 

    Preference shares, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding as of September 30, 2025 and December 31, 2024 
     —  
     — 
  
    Class A ordinary shares, $0.0001 par value; 200,000,000 shares authorized; 840,000 shares issued and outstanding (excluding 23,000,000 shares subject to possible redemption) as of September