Jackson Acquisition Co II
For the period ended Sep 30, 2024. Filed Jan 15, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Jan 15, 2025
JACS$10.85-0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Balance Sheet as of September 30, 2024 (Unaudited)
CONDENSED BALANCE SHEET
SEPTEMBER 30, 2024
| Assets | |
|---|---|
| Current assets | |
| Prepaid expenses | $3,249 |
| Total current assets | 3,249 |
| Deferred offering costs | 190,551 |
| Total Assets | $193,800 |
| Liabilities and Shareholders’ Deficit | |
| Current Liabilities | |
| Accrued offering costs | $93,000 |
| Accounts payable and accrued expenses | 5,000 |
| Promissory note - related party | 120,368 |
| Total Liabilities | 218,368 |
| Commitments and Contingencies (Note 6) | |
| Shareholders’ Deficit | |
| 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; none issued or outstanding | — |
| Class B ordinary shares, $0.0001 par value; 20,000,000 shares authorized; 5,750,000 shares issued and outstanding(1) | 575 |
| Additional paid-in capital | 24,425 |
| Accumulated deficit | (49,568) |
| Total Shareholders’ Deficit | (24,568) |
| Total Liabilities and Shareholders’ Deficit | $193,800 |
| (1) | Includes an aggregate of up to 750,000 Class B ordinary shares subject to forfeiture by the holders thereof depending on the extent to which the underwriter’s over-allotment option is exercised (see Note 5). On December 11, 2024, the Company consummated its IPO and sold 23,000,000 Units, including 3,000,000 Units sold pursuant to the full exercise of the underwriters’ option to purchase additional units to cover the over-allotment, hence the 750,000 shares of Class B ordinary shares were no longer subject to forfeiture. |
CONDENSED STATEMENT OF OPERATIONS
| General and administrative costs | $49,568 |
|---|---|
| Loss from operations | (49,568) |
| Net loss | $(49,568) |
| Weighted average shares outstanding, Class B ordinary shares (1) | 5,000,000 |
| Basic and diluted net loss per share, Class B ordinary shares | $(0.01) |
| (1) | Excludes an aggregate of up to 750,000 Class B ordinary shares subject to forfeiture by the holders thereof depending on the extent to which the underwriter’s over-allotment option is exercised (see Note 5). On December 11, 2024, the Company consummated its IPO and sold 23,000,000 Units, including 3,000,000 Units sold pursuant to the full exercise of the underwriters’ option to purchase additional units to cover the over-allotment, hence the 750,000 shares of Class B ordinary shares were no longer subject to forfeiture. |
CONDENSED STATEMENT OF CHANGES IN SHAREHOLDERS’ DEFICIT
| Class A Ordinary Shares · Class B Ordinary Shares · Additional Paid-in · Accumulated · Total Shareholders’ | |||||||
|---|---|---|---|---|---|---|---|
| Shares | Amount | Shares | Amount | Capital | Deficit | Deficit | |
| Balance — September 11, 2024 (Inception) | — | $— | — | $— | $— | $— | $— |
| Issuance of Class B ordinary shares to Sponsor(1) | — | — | 5,750,000 | 575 | 24,425 | — | 25,000 |
| Net loss | — | — | — | — | — | (49,568) | (49,568) |
| Balance – September 30, 2024 (Unaudited) | — | $— | 5,750,000 | $575 | $24,425 | $(49,568) | $(24,568) |
| (1) | Includes an aggregate of up to 750,000 Class B ordinary shares subject to forfeiture by the holders thereof depending on the extent to which the underwriter’s over-allotment option is exercised (see Note 5). On December 11, 2024, the Company consummated its IPO and sold 23,000,000 Units, including 3,000,000 Units sold pursuant to the full exercise of the underwriters’ option to purchase additional units to cover the over-allotment, hence the 750,000 shares of Class B ordinary shares were no longer subject to forfeiture. |
CONDENSED STATEMENT OF CASH FLOWS
| Cash Flows from Operating Activities: | |
|---|---|
| Net loss | $(49,568) |
| Adjustments to reconcile net loss to net cash used in operating activities: | |
| Formation costs (included in general and administrative costs) paid via issuance of founder shares | 8,148 |
| Payment of general and administrative costs via promissory note | 36,420 |
| Changes in operating assets and liabilities: | |
| Accrued expenses | 5,000 |
| Net cash used in operating activities | — |
| Net Change in Cash | — |
| Cash – Beginning of period | — |
| Cash – End of period | $— |
| Non-Cash investing and financing activities: | |
| Deferred offering costs included in accrued offering costs | $93,000 |
| Deferred offering costs paid through promissory note - related party | $83,948 |
| Deferred offering costs paid by Sponsor in exchange for issuance of Class B ordinary shares | $2,753 |
| Deferred offering costs contributed by sponsor through promissory note | $10,850 |
| Prepaid services contributed in exchange for issuance of Class B ordinary shares | $22,247 |
NOTES TO CONDENSED FINANCIAL STATEMENTS
SEPTEMBER 30, 2024 (UNAUDITED)
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.