SEC Filing Document

Company: Jones Ventures INTL Acquisition1 Corp
Ticker: 
CIK: 2129056
Filing Type: DRS
Document Type: DRS
Date Filed: 2026-04-13
Accession Number: 0001213900-26-042636
Exchange: 
SIC Code: 6770
SIC Description: Blank Checks
URL: https://www.sec.gov/Archives/edgar/data/2129056/000121390026042636/filename1.htm

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Over- Allotment With Over- Allotment Without Over- Allotment With Over- Allotment Without Over- Allotment With Over- Allotment Without Over- Allotment With Over- Allotment Numerator: Net tangible book deficit before this offering $ (142,398 ) $ (142,398 ) $ (142,398 ) $ (142,398 ) $ (142,398 ) $ (142,398 ) $ (142,398 ) $ (142,398 ) $ (142,398 ) $ (142,398 ) Net proceeds from this offering and the sale of private placement units (1) 201,400,000 231,400,000 201,400,000 231,400,000 201,400,000 231,400,000 201,400,000 231,400,000 201,400,000 231,400,000 Plus: Offering costs accrued for or paid in advance, excluded from tangible book value 122,601 122,601 122,601 122,601 122,601 122,601 122,601 122,601 122,601 122,601 Less: Over-allotment liability (187,800 ) — (187,800 ) — (187,800 ) — (187,800 ) — (187,800 ) — Less: Amounts paid for redemptions (2) — — (50,000,000 ) (57,500,000 ) (100,000,000 ) (115,000,000 ) (150,000,000 ) (172,500,000 ) (200,000,000 ) (230,000,000 )

Total $	201,192,403 $	231,380,203 $	151,192,403 $	173,880,203 $	101,192,403 $	116,380,203 $	51,192,403 $	58,880,203 $	1,192,403 $	1,380,203

Denominator:

Ordinary shares outstanding prior to this offering 7,666,667 7,666,667 7,666,667 7,666,667 7,666,667 7,666,667 7,666,667 7,666,667 7,666,667 7,666,667

Ordinary shares forfeited if over-allotment option is not exercised (1,000,000	) — (1,000,000	) — (1,000,000	) — (1,000,000	) — (1,000,000	) —

Ordinary shares offered 20,000,000 23,000,000 20,000,000 23,000,000 20,000,000 23,000,000 20,000,000 23,000,000 20,000,000 23,000,000

Private placement units 645,000 645,000 645,000 645,000 645,000 645,000 645,000 645,000 645,000 645,000

Less: Ordinary shares redeemed — — (5,000,000	) (5,750,000	) (10,000,000	) (11,500,000	) (15,000,000	) (17,250,000	) (20,000,000	) (23,000,000	)

Total 27,311,667 31,311,667 22,311,667 25,561,667 17,311,667 19,811,667 12,311,667 14,061,667 7,311,667 8,311,667

(1)      Expenses applied against gross proceeds include offering expenses of approximately $1,050,000 and underwriting commissions of $4,000,000 in the aggregate (excluding the business combination Marketing Fee). See “Use of Proceeds.”

(2)      If we seek shareholder approval of our initial business combination and we do not conduct repurchases in connection with our initial business combination pursuant to the tender offer rules, our initial shareholders, directors, officers or any of their respective affiliates may purchase public shares or public Share Rights in privately negotiated transactions or in the open market either prior to or following the completion of our initial business combination. In the event of any such purchases of our public shares or public Share Rights prior to the completion of our initial business combination, the number of public shares subject to redemption will be reduced by the amount of any such purchases, increasing the pro forma net tangible book value per share. See “Proposed Business — Effecting Our Initial Business Combination — Permitted Purchases of our Shares.”

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CAPITALIZATION

The following table sets forth our capitalization at December 31, 2025, and as adjusted to give effect to the sale of our Units in this offering, the sale of the private placement units and the application of the estimated net proceeds derived from the sale of such shares, assuming no exercise by the underwriters of its over-allotment option:

December 31, 2025

Actual As Adjusted

Note payable to related party $	0 $	—

Advances from related party 30,060 —

Over-allotment liability — 187,800

Class A ordinary shares subject to possible redemption; -0- and 20,000,000 shares, actual and as adjusted, respectively (1) — 200,000,000

Preference shares, $0.0001 par value, 5,000,000 shares authorized; none issued and outstanding, actual and as adjusted — —

Class A ordinary shares, $0.0001 par value, 500,000,000 shares authorized; -0- and 645,000 shares issued and outstanding (excluding -0- and 20,000,000 shares subject to possible redemption), actual and as adjusted, respectively — 65

Class B ordinary shares, $0.0001 par value, 50,000,000 shares authorized; 6,666,667 and 7,666,667 shares issued and outstanding, actual and as adjusted, respectively (2) 767 667

Additional paid-in capital 24,233 1,236,468

Accumulated deficit (44,797	) (44,797	)

Total shareholders’ (deficit) equity $	(19,797	) $	1,192,403

Total capitalization $	10,263 $	201,380,203

(1)      Upon the completion of our initial business combination, we will provide our public shareholders with the opportunity to redeem their public shares for cash equal to their pro rata share of the aggregate amount then on deposit in the trust account as of two business days prior to the consummation of the initial business combination including interest earned on the funds held in the trust account and not previously released to us to pay our taxes.

(2)      Actual share amount is prior to any forfeiture of founder shares by our Sponsor and as adjusted amount assumes no exercise of the underwriters’ over-allotment option.

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MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
AND RESULTS OF OPERATIONS

Overview

We are a blank check company incorporated as a Cayman Islands exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. We have not selected any specific business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target regarding an initial business combination with our company. We intend to effectuate our initial business combination using cash from the proceeds of this offering and the sale of the private placement units, the proceeds of the sale of our securities in connection with our initial business combination (pursuant to any forward purchase agreements or backstop agreements we may enter into following the consummation of this offering or otherwise), shares issued to the owners of the target, debt issued to bank or other lenders or the owners of the target, or a combination of the foregoing.

The issuance of additional shares in connection with an initial business combination to the owners of the target or other investors:

•        may significantly dilute the equity interest of investors in this offering, which dilution would increase if the anti-dilution provisions in the Class B ordinary shares resulted in the issuance of Class A ordinary shares on a greater than one-to-one basis upon conversion of the Class B ordinary shares;

•        may subordinate the rights of holders of our ordinary shares if preference shares are issued with rights senior to those afforded our ordinary shares;

•        could cause a change in control if a substantial number of our ordinary shares are issued, which may affect, among other things, our ability to use our net operating loss carry forwards, if any, and could result in the resignation or removal of our present officers and directors;

•        may have the effect of delaying or preventing a change of control of us by diluting the share ownership or voting rights of a person seeking to obtain control of us; and

•        may adversely affect prevailing market prices for our Units, Class A ordinary shares and/or Share Rights.

Similarly, if we issue debt securities or otherwise incur significant debt to bank or other lenders or the owners of a target, it could result in:

•        default and foreclosure on our assets if our operating revenues after an initial business combination are insufficient to repay our debt obligations;

•        acceleration of our obligations to repay the indebtedness even if we make all principal and interest payments when due if we breach certain covenants that require the maintenance of certain financial ratios or reserves without a waiver or renegotiation of that covenant;

•        our immediate payment of all principal and accrued interest, if any, if the debt security is payable on demand;

•        our inability to obtain necessary additional financing if the debt security contains covenants restricting our ability to obtain such financing while the debt security is issued and outstanding;

•        our inability to pay dividends on our ordinary shares;

•        using a substantial portion of our cash flow to pay principal and interest on our debt, which will reduce the funds available for dividends on our ordinary shares if declared, our ability to pay expenses, make capital expenditures and acquisitions, and fund other general corporate purposes;

•        limitations on our flexibility in planning for and reacting to changes in our business and in the industry in which we operate;

•        increased vulnerability to adverse changes in general economic, industry and competitive conditions and adverse changes in government regulation;

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•        limitations on our ability to borrow additional amounts for expenses, capital expenditures, acquisitions, debt service requirements, and execution of our strategy; and

•        other purposes and other disadvantages compared to our competitors who have less debt.

As indicated in the accompanying financial statements, as of December 31, 2025, we had no cash and $122,601 in deferred offering costs. As of December 31, 2024, we had no cash and $9,714 deferred offering costs. Further, we expect to incur significant costs in the pursuit of our initial business combination plans. We cannot assure you that our plans to raise capital or to complete our initial business combination will be successful.

Results of Operations and Known Trends or Future Events