Here's what happens:
* Jace discovers his parentage: He learns that he was adopted by the Lightwoods as a child, and his biological father is actually Stephen Herondale, a famous Shadowhunter.
* His mother's identity: He also discovers his mother is Valentine Morgenstern, the main antagonist of the series.
* The significance of the revelation: This revelation causes immense emotional turmoil for Jace, particularly as he learns his true father was a close friend of the Lightwoods, and his mother is the source of the greatest threat to the Shadowhunter world.
This twist is a significant plot point that greatly affects Jace's character development throughout the series.