Company: JACS-RI
Filing Date: 2025-03-18
Form Type: 10-K
Source: 0001013762-25-000620
Chunk: 13

Company: Jackson Acquisition Co II
Filing Date: 2025-03-18
Form: 10-K
Item: Item 8
Chunk 13
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 as the other entities with which they are affiliated.
Our management may have conflicts of interest in determining to which entity a particular business opportunity should be presented. For
a complete description of our management’s other affiliations, see “— Directors, Executive Officers and Corporate
Governance.”

34

●Our initial shareholders, directors and officers have agreed to waive their redemption rights with respect
to any Founder Shares and public shares held by them in connection with the consummation of our initial business combination. Additionally,
our initial shareholders have agreed to waive their redemption rights with respect to their Founder Shares if we fail to consummate our
initial business combination by December 11, 2026. However, if our initial shareholders (or any of our directors, officers or affiliates)
acquire public shares, they will be entitled to liquidating distributions from the Trust Account with respect to such public shares if
we fail to consummate our initial business combination within the prescribed time frame. If we do not complete our initial business combination
within such applicable time period, the proceeds of the sale of the Private Placement Units held in the Trust Account will be used to
fund the redemption of our public shares, and the Private Placement Units will expire worthless. With certain limited exceptions, the
Founder Shares will not be transferable, assignable or salable by our initial shareholders until the earlier of: (1) one year after
the completion of our initial business combination; and (2) subsequent to our initial business combination (x) if the last reported
sale price of our Class A Ordinary Shares equals or exceeds $12.00 per share (as adjusted for share sub-divisions, share dividends,
rights issuances, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period
commencing at least 150 days after our initial business combination or (y) the date on which we complete a liquidation, merger,
share exchange, reorganization or other similar transaction that results in all of our public shareholders having the right to exchange
their ordinary shares for cash, securities or other property. With certain limited exceptions, the Private Placement Units and the ordinary
shares underlying such units, will not be transferable, assignable or salable by our Sponsor until 30 days after the completion of
our initial business combination. Since our Sponsor and directors and officers may directly or indirectly own ordinary shares and units
and directly and/or indirectly own Founder Shares,