Jackson Acquisition Co II
For the period ended Dec 31, 2024. Filed Mar 18, 2025.
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FY2024 · Filed Mar 18, 2025
JACS$10.86+0.1%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Statement of Cash Flows
| Cash Flows from Operating Activities: | |
|---|---|
| Net income | $381,082 |
| Adjustments to reconcile net income to net cash used in operating activities: | |
| Formation costs paid by Sponsor in exchange for issuance of Class B ordinary shares | 8,148 |
| Payment of operation costs through promissory note | 60,420 |
| Interest earned on marketable securities held in Trust Account | (558,478) |
| Changes in operating assets and liabilities: | |
| Prepaid expenses | (198,037) |
| Accounts payable and accrued expenses | (2,968) |
| Due to Sponsor | 7,000 |
| Net cash used in operating activities | (302,833) |
| Cash Flows from Investing Activities: | |
| Investment of cash into Trust Account | (232,300,000) |
| Net cash used in investing activities | (232,300,000) |
| Cash Flows from Financing Activities: | |
| Proceeds from sale of Units, net of underwriting discounts paid | 225,400,000 |
| Proceeds from sale of Private Placement Units | 8,400,000 |
| Payment of offering costs | (247,801) |
| Net cash provided by financing activities | 233,552,199 |
| Net Change in Cash | 949,366 |
| Cash - Beginning of period | — |
| Cash - End of year | $949,366 |
| Non-Cash Investing and Financing Activities: | |
| Offering costs included in accrued offering costs | $155,484 |
| Deferred offering costs paid by Sponsor in exchange for issuance of Class B ordinary shares | $25,000 |
| Deferred offering costs paid through promissory note – related party | $137,604 |
| Offering costs paid to prepaid expense | $14,099 |
| Offering costs charged to Additional paid in capital | $557,741 |
| Accretion of Class A ordinary shares to redemption value | $10,694,910 |
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