Company: JACS-RI
Filing Date: 2025-03-18
Form Type: 10-K
Source: 0001013762-25-000620
Chunk: 99

Company: Jackson Acquisition Co II
Filing Date: 2025-03-18
Form: 10-K
Item: Item 1
Chunk 99
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 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 will directly or indirectly own founder shares following our IPO, our directors and officers may have a conflict
of interest in determining whether a particular target business is an appropriate business with which to effectuate our initial business
combination.

20

●Our directors and officers may negotiate employment or consulting
agreements with a target business in connection with a particular business combination. These agreements may provide for them to receive
compensation following our initial business combination and as a result, may cause them to have conflicts of interest in determining
whether to proceed with a particular business combination.

●Our directors and officers may have a conflict of interest with
respect to evaluating a particular business combination if the retention or resignation of any such directors and officers was included
by a target business as a condition to any agreement with respect to our initial business combination.

●Our Sponsor and members of our management team directly and/or
indirectly own our securities and accordingly, they may have a conflict of interest in determining whether a particular target business
is an appropriate business with which to effectuate our initial business combination. Our Sponsor has invested in