Heat oven to 425°F. Line baking sheet with parchment paper or coat with cooking spray.
In skillet, cook SPAM® With Bacon over medium-high heat until lightly browned.
In large bowl, sift dry ingredients. Cut in butter until mixture resembles coarse corn meal. Add milk. Mix until soft dough is formed. Add SPAM®, cheese and jalapeño; mix just until combined. DO NOT OVERMIX!
Knead dough lightly 10 times or about 20 seconds until soft and slightly elastic, but not sticky. Roll out to 1-inch thickness, making sure it is uniform thickness.
Cut out biscuits close together to avoid waste, pressing cutter straight down without twisting. (Twisting will interfere with rising.) Place biscuits 1/2 inch apart on baking sheet. Brush biscuits with egg wash.
Bake biscuits, rotating baking sheet halfway through, 15 minutes.
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