Company: JACS-RI
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001213900-25-107171
Chunk: 5

Company: Jackson Acquisition Co II
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 5
---
 (included in general and administrative costs) paid via issuance of founder shares 
     —  
     8,148 
  
    Payment of general and administrative costs via promissory note 
     —  
     36,420 
  
    Interest earned on marketable securities held in Trust Account 
     (7,356,734) 
     — 
  
    Changes in operating assets and liabilities: 

    Prepaid expenses 
     71,934  
     — 
  
    Accounts payable and accrued expenses 
     (61,207) 
     5,000 
  
    Due to Sponsor 
     90,000  
     — 
  
    Net cash used in operating activities 
     (364,250) 
     — 

    Net Change in Cash 
     (364,250) 
     — 
  
    Cash - Beginning of period 
     949,366  
     — 
  
    Cash - End of period 
    $585,116  
    $— 

    Non-Cash investing and financing activities: 

    Deferred offering costs included in accrued offering costs 
    $—  
    $93,000 
  
    Deferred offering costs paid through promissory note - related party 
    $—  
    $83,948 
  
    Deferred offering costs paid by Sponsor in exchange for issuance of Class B ordinary shares 
    $—  
    $2,753 
  
    Deferred offering costs contributed by sponsor through promissory note 
    $—  
    $10,850 
  
    Prepaid services contributed in exchange for issuance of Class B ordinary shares 
    $—  
    $22,247 

The accompanying notes are an integral part of
the unaudited condensed financial statements.

4

JACKSON ACQUISITION COMPANY II

NOTES TO CONDENSED FINANCIAL STATEMENTS

SEPTEMBER 30, 2025

(UNAUDITED)

NOTE 1 — DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS

Jackson Acquisition Company II (the “Company”)
is a blank check company incorporated as a Cayman Islands exempted company on September 11, 2024. The Company was incorporated for
the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with
one or more businesses (“Business Combination”).

While the Company