Jackson Acquisition Co II

Previous wording

For the three months ended June 30, 2025, we had net income of $2,318,336, which consisted of interest earned on marketable securities held in Trust Account of $2,447,373, offset by general and administrative expenses of $129,037.

Current wording

For the three months ended September 30, 2025, we had net income of $2,346,020, which consisted of interest earned on marketable securities held in Trust Account of $2,475,639 offset by general and administrative expenses of $129,619.

Previous wording

For the six months ended June 30, 2025, we had net income of $4,545,737, which consisted of interest earned on marketable securities held in Trust Account of $4,881,095, offset by general and administrative expenses of $335,358.

Current wording

For the nine months ended September 30, 2025, we had net income of $6,891,757, which consisted of interest earned on marketable securities held in Trust Account of $7,356,734, offset by general and administrative expenses of $464,977.

Previous wording

For the six months ended June 30, 2025, net cash used in operating activities was $227,705. Net income of $4,545,737 was offset by interest earned on marketable securities of $4,881,095 and changes in operating assets and liabilities, which provided $107,653 of cash from operating activities.

Current wording

For the nine months ended September 30, 2025, net cash used in operating activities was $364,250. Net income of $6,891,757 was offset by interest earned on marketable securities of $7,356,734 and changes in operating assets and liabilities, which provided $100,727 of cash from operating activities.

Previous wording

At June 30, 2025, we had marketable securities held in the Trust Account of $237,739,573. We intend to use substantially all of the funds held in the Trust Account, including any amounts representing interest earned in the Trust Account, which interest shall be net of taxes payable, if any, to complete an initial Business Combination. We may withdraw interest from the Trust Account to pay taxes, if any. To the extent that our share capital or debt is used, in whole or in part, as consideration to complete a Business Combination, the remaining proceeds held in the Trust Account will be used as working capital to finance the operations of the target business or businesses, make other acquisitions and pursue our growth strategies.

Current wording

At September 30, 2025, we had marketable securities held in the Trust Account of $240,215,212. We intend to use substantially all of the funds held in the Trust Account, including any amounts representing interest earned in the Trust Account, which interest shall be net of taxes payable, if any, to complete an initial Business Combination. We may withdraw interest from the Trust Account to pay taxes, if any. To the extent that our share capital or debt is used, in whole or in part, as consideration to complete a Business Combination, the remaining proceeds held in the Trust Account will be used as working capital to finance the operations of the target business or businesses, make other acquisitions and pursue our growth strategies.

Previous wording

At June 30, 2025, we had cash of $721,661 held outside of the Trust Account. We intend to use the funds held outside the Trust Account primarily to identify and evaluate target businesses, perform business due diligence on prospective target businesses, travel to and from the offices, plants or similar locations of prospective target businesses or their representatives or owners, review corporate documents and material agreements of prospective target businesses, structure, negotiate and complete a Business Combination.

Current wording

At September 30, 2025, we had cash of $585,116 held outside of the Trust Account. We intend to use the funds held outside the Trust Account primarily to identify and evaluate target businesses, perform business due diligence on prospective target businesses, travel to and from the offices, plants or similar locations of prospective target businesses or their representatives or owners, review corporate documents and material agreements of prospective target businesses, structure, negotiate and complete a Business Combination.

Previous wording

In connection with our assessment of going concern considerations in accordance with Accounting Standards Update (“ASU”) 2014-15, “Disclosures of Uncertainties about an Entity’s Ability to Continue as a Going Concern,” management believes that the funds which the Company has available following the completion of the initial public offering will enable it to sustain operations for a period of at least one year from the issuance date of these unaudited condensed financial statements.

Current wording

In connection with our assessment of going concern considerations in accordance with ASC 205-40, “Presentation of Financial Statements – Going Concern,” management believes that the funds which the Company has available following the completion of the initial public offering will enable it to sustain operations for a period of at least one year from the issuance date of these unaudited condensed financial statements.

Previous wording

We do not have any long-term debt, capital lease obligations, operating lease obligations or long-term liabilities, other than an agreement to pay an aggregate of $10,000 per month for office space and administrative and support services. For the three and six months ended June 30, 2025, we incurred $30,000 and $60,000 for these services, respectively. At June 30, 2025 and December 31, 2024, we owed $67,000 and $7,000, respectively, for these services.

Current wording

We do not have any long-term debt, capital lease obligations, operating lease obligations or long-term liabilities, other than an agreement to pay an aggregate of $10,000 per month for office space and administrative and support services. For the three and nine months ended September 30, 2025, we incurred $30,000 and $90,000 for these services, respectively. At September 30, 2025 and December 31, 2024, we owed $97,000 and $7,000, respectively, for these services.