Jackson Acquisition Company (NYSE: RJAC.U) (the “Company”), a special purpose acquisition company, today announced that it will redeem all of the outstanding shares of Class A common stock, par value $0.0001 per share, that were included in the units issued in its initial public offering (the “Public Shares”), effective as of the close of business on June 13, 2023, as the Company will not consummate an initial business combination within the time period required by its Amended and Restated Certificate of Incorporation (the “Charter”) and the Company’s sponsor has determined that it will not make an additional contribution to the Company’s trust account required in order to extend the June 13, 2023 deadline under the Charter for the Company to complete an initial business combination.
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