Company: JACS-RI
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001213900-25-107171
Chunk: 66

Company: Jackson Acquisition Co II
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 66
---
 how market participants would price assets and liabilities). The following fair value hierarchy is used to classify assets and liabilities
based on the observable inputs and unobservable inputs used in order to value the assets and liabilities:

    Level 1:
    Quoted prices in active markets for identical assets or liabilities. An active market for an asset or liability is a market in which transactions for the asset or liability occur with sufficient frequency and volume to provide pricing information on an ongoing basis.

    Level 2:
    Observable inputs other than Level 1 inputs. Examples of Level 2 inputs include quoted prices in active markets for similar assets or liabilities and quoted prices for identical assets or liabilities in markets that are not active.

    Level 3:
    Unobservable inputs based on assessment of the assumptions that market participants would use in pricing the asset or liability.

The following table presents information about the Company’s assets that are measured at fair value as of September 30, 2025 and
December 31, 2024, and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value:

    Level  
    September 30, 2025  
    December 31, 2024 

    Assets: 

    Marketable Securities held in Trust Account 
     1  
    $240,215,212  
    $232,858,478 

17

At September 30, 2025 and December 31, 2024, substantially
all of the assets held in the Trust Account were held in money market funds which are invested primarily in U.S. Treasury securities and
have readily determinable values using available market information. Fair values of these investments are determined by Level 1 inputs
utilizing quoted prices (unadjusted) in active markets for identical assets.

NOTE 9 — SEGMENT INFORMATION

ASC Topic 280, “Segment Reporting,”
establishes standards for companies to report in their financial statement information about operating segments, products, services, geographic
areas, and major customers. Operating segments are defined as components of an enterprise that engage in business activities from
which it may recognize revenues and incur expenses, and for which separate financial information is available that is regularly evaluated
by the Company’s chief operating decision maker (“CODM”), or group, in deciding how to allocate resources and assess
performance.

The Company’s CODM has been identified as
the Chief Executive Officer who reviews the assets, operating results, and financial metrics for the Company as a whole to make