Company: TACOW
Filing Date: 2025-04-09
Form Type: S-1/A
Source: 0001829126-25-002484
Chunk: 152

Company: Berto Acquisition Corp.
Filing Date: 2025-04-09
Form: S-1/A
Chunk 152
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would increase by a corresponding amount.

We intend to use substantially
all of the funds held in the trust account, including any amounts representing interest earned on the trust account (which interest shall
be net of taxes paid or payable and excluding deferred underwriting commissions) to complete our initial business combination. We may
withdraw interest to pay our taxes. We may pay from funds from this offering held outside of the trust account or from interest earned
on the funds held in the trust account and released to us for this purpose. Our annual income tax obligations will depend on the amount
of interest and other income earned on the amounts held in the trust account. We expect the interest earned on the amount in the trust
account will be sufficient to pay our income taxes. To the extent that our equity or debt is used, in whole or in part, as consideration
to complete our initial 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.

Prior to the completion of
our initial business combination, we will have available to us the approximately $1,430,000 of proceeds held outside the trust account.
We will use these funds to primarily 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, and structure, negotiate and complete a business combination.

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We do not believe we will need
to raise additional funds following this offering in order to meet the expenditures required for operating our business prior to our
initial business combination. However, if our estimates of the costs of identifying a target business, undertaking in-depth due diligence
and negotiating an initial business combination are less than the actual amount necessary to do so, we may have insufficient funds available
to operate our business prior to our initial business combination. We have not selected any specific business combination target but
may target businesses with enterprise values that are greater than what we could acquire with the net proceeds of this offering and the
sale of the private placement warrants. As a result, we may need to obtain additional financing either to complete our initial business
combination or because we become obligated to redeem a significant number of our public shares upon completion of our initial business
combination, in which case we may issue additional securities or incur debt in connection with such business