SEC Filing Document

Company: Jones Ventures INTL Acquisition1 Corp
Ticker: 
CIK: 2129056
Filing Type: S-1
Document Type: EX-3.2
Date Filed: 2026-05-15
Accession Number: 0001213900-26-057072
Exchange: 
SIC Code: 6770
SIC Description: Blank Checks
URL: https://www.sec.gov/Archives/edgar/data/2129056/000121390026057072/ea028579202ex3-2.htm

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be deregistered in the Cayman Islands. 48 Mergers and Consolidations The Company shall have the power to merge or consolidate with one or more other constituent companies (as defined in the Statute) upon such terms as the Directors may determine and (to the extent required by the Statute) with the approval of a Special Resolution. 49 Business Combination 49.1 Notwithstanding any other provision of the Articles, this Article shall apply during the period commencing upon the adoption of the Articles and terminating upon the first to occur of the consummation of a Business Combination and the full distribution of the Trust Account pursuant to this Article. In the event of a conflict between this Article and any other Articles, the provisions of this Article shall prevail. 49.2 Prior to the consummation of a Business Combination, the Company shall either: (a) submit such Business Combination to its Members for approval; or

(b)	provide Members with the opportunity to have their Shares repurchased
by means of a tender offer for a per-Share repurchase price payable in cash, equal to the aggregate amount then on deposit in the Trust
Account, calculated as of two business days prior to the consummation of such Business Combination, including interest earned on the Trust
Account (net of taxes paid or payable, if any), divided by the number of then issued Public Shares, provided that the Company shall not
repurchase Public Shares in an amount that would cause the Company's net tangible assets to be less than US$5,000,001 upon consummation
of such Business Combination. Such obligation to repurchase Shares is subject to the completion of the proposed Business Combination to
which it relates.

49.3	If the Company initiates any tender offer in accordance with Rule 13e-4 and Regulation 14E of the Exchange
Act in connection with a proposed Business Combination, it shall file tender offer documents with the Securities and Exchange Commission
prior to completing such Business Combination which contain substantially the same financial and other information about such Business
Combination and the redemption rights as is required under Regulation 14A of the Exchange Act. If, alternatively, the Company holds a
general meeting to approve a proposed Business Combination, the Company will conduct any redemptions in conjunction with a proxy solicitation
pursuant to Regulation 14A of the Exchange Act, and not pursuant to the tender offer rules, and file proxy materials with the Securities
and Exchange Commission.

49.4	At a general meeting called for the purposes of approving a Business
Combination pursuant to this Article, in the event that such Business Combination is approved by Ordinary Resolution, the Company shall
be authorised to consummate such Business Combination, provided that the Company shall not consummate such Business Combination unless
the Company has net tangible assets of at least US$5,000,001 immediately prior to, or upon such consummation of, or any greater net tangible
asset or cash requirement that may be contained in the agreement relating to, such Business Combination.

49.5	Any Member holding Public Shares who is not the Sponsor, a Founder, Officer or Director may, at least
two business days’ prior to any vote on a Business Combination, elect to have their Public Shares redeemed for cash, in accordance
with any applicable requirements provided for in the related proxy materials (the “ Business Combination Redemption ”),
provided that no such Member acting together with any Affiliate of their or any other person with whom they are acting in concert or as
a partnership, limited partnership, syndicate, or other group (including, for the avoidance of doubt, a “group” (as defined
under Section 13 of the Exchange Act) for the purposes of acquiring, holding, or disposing of Shares may exercise this redemption right
with respect to more than 15% of the Public Shares in the aggregate without the prior consent of the Company and provided further that
any beneficial holder of Public Shares on whose behalf a redemption right is being exercised must identify itself to the Company in connection
with any redemption election in order to validly redeem such Public Shares. If so demanded, the Company shall pay any such redeeming Member,
regardless of whether they are voting for or against such proposed Business Combination, a per-Share redemption price payable in cash,
equal to the aggregate amount then on deposit in the Trust Account calculated as of two business days prior to the consummation of the
Business Combination, including interest earned on the Trust Account (such interest shall be net of taxes payable) and not previously
released to the Company to pay its taxes, divided by the number of then issued Public Shares (such redemption price being referred to
herein as the “ Redemption Price ”), but only in the event that the applicable proposed Business Combination is approved
and in connection with its consummation. The Company shall not redeem Public Shares that would cause the Company’s net tangible
assets to be less than US$5,000,001 following such redemptions (the “ Redemption Limitation ”).

49.6	A Member may not withdraw a Redemption Notice once submitted to the Company unless the Directors determine
(in their sole discretion) to permit the withdrawal of such redemption request (which they may do in whole or in part). The Directors
(in their sole discretion) shall determine the timing of such Business Combination Redemption of Public Shares in order to facilitate
the consummation and/or closing of a Business Combination.

49.7	In the event that

(a)	the Company does not consummate a Business Combination within 24 months from the consummation of the IPO
(or up to 36 months if such date is extended as described in the prospectus relating to the IPO), or such later time as the Members may
approve by Special Resolution in accordance with the Articles, (the “ Deadline Date ”), or

(b)	if the Directors determine by resolution, and provide notice in writing to the Members, that the Company
is unable to consummate a Business Combination by the Deadline Date,

the Company shall:

(i)	cease all operations except for the purpose of winding up;

(ii)	as promptly as reasonably possible but not more than ten business days thereafter, redeem the Public Shares,
at a per-Share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest earned on
the funds held in the Trust Account and not previously released to the Company (less taxes payable and up to US$100,000 of interest to
pay dissolution expenses), divided by the number of then Public Shares in issue, which redemption will completely extinguish public Members’
rights as Members (including the right to receive further liquidation distributions, if any); and

(iii)	as promptly as reasonably possible following such redemption, subject to the approval of the Company’s
remaining Members and the Directors, liquidate and dissolve,

subject in each case
to its obligations under Cayman Islands law to provide for claims of creditors and other requirements of Applicable Law.

49.8	In the event that any amendment is made to the Articles:

(a)	to modify the substance or timing of the Company’s obligation to allow redemption in connection with a
Business Combination or redeem 100% of the Public Shares if the Company does not consummate a Business Combination by the Deadline Date,
or such later time as the Members may approve by Special Resolution in accordance with the Articles; or

(b)	with respect to any other provision relating to Members’ rights or pre-Business Combination activity,

each holder of Public
Shares who is not the Sponsor, a Founder, Officer or Director shall be provided with the opportunity to redeem their Public Shares (the
“Amendment Redemption”) upon the approval or effectiveness of any such amendment at a per-Share price, payable in cash,
equal to the aggregate amount then on deposit in the Trust Account, including interest earned on the funds held in the Trust Account and
not previously released to the Company to pay its taxes, divided by the number of then outstanding Public Shares. The Directors (in their
sole discretion) shall determine the timing of any such Amendment Redemption. The Company’s ability to provide the Amendment Redemption
is subject to the Redemption Limitation.

49.9	A holder of Public Shares shall be entitled to receive distributions from the Trust Account only in the
event of a Business Combination Redemption, an Amendment Redemption, a repurchase of Shares by means of a tender offer pursuant to this
Article, or a distribution of the Trust Account pursuant to this Article. In no other circumstance shall a holder of Public Shares have
any right or interest of any kind in the Trust Account.

49.10	Except in connection with the conversion of Class B Shares into Class A Shares pursuant to the Class B
Ordinary Share Conversion Article hereof where the holders of such Shares have waived any right to receive funds from the Trust Account,
after the issue of Public Shares, and prior to the consummation of a Business Combination, the Company shall not issue additional Shares
or any other securities that would entitle the holders thereof to: