Company: JACS-RI
Filing Date: 2025-03-18
Form Type: 10-K
Source: 0001013762-25-000620
Chunk: 747

Company: Jackson Acquisition Co II
Filing Date: 2025-03-18
Form: 10-K
Item: Item 7
Chunk 747
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of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Company's internal
control over financial reporting. Accordingly, we express no such opinion.

Our audit included performing procedures to assess
the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond
to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.
Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating
the overall presentation of the financial statements. We believe that our audit provides a reasonable basis for our opinion.

We have served as the Company's auditor
since 2024.

/s/ WithumSmith+Brown, PC

New York, New York

March 17, 2025 

PCAOB ID: 100

F-2

JACKSON ACQUISITION COMPANY II

BALANCE SHEET

DECEMBER 31, 2024

    ASSETS 

    Current assets 

    Cash 
    $949,366 
  
    Prepaid expenses 
     113,530 
  
    Total Current Assets 
     1,062,896 
  
    Long term prepaid insurance 
     84,507 
  
    Investments held in Trust Account 
     232,858,478 
  
    Total Assets 
    $234,005,881 

    LIABILITIES AND SHAREHOLDERS’ EQUITY 

    Current liabilities 

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

    Commitments (Note 6) 

    Class A ordinary shares subject to possible redemption, 23,000,000 shares at redemption value of $10.12 per share 
     232,858,478 

    Shareholders’ Equity 

    Preference shares, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding 
     — 
  
    Class A ordinary shares, $0.0001 par value; 200,000,000 shares authorized; 840,000 shares issued and outstanding (excluding 23,