Company: TACOW
Filing Date: 2025-06-12
Form Type: 10-Q
Source: 0001829126-25-004454
Chunk: 17

Company: Berto Acquisition Corp.
Filing Date: 2025-06-12
Form: 10-Q
Item: Part I, Item 1
Chunk 17
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 Registration
      Rights
       
      The
      holders of the (i) Founder Shares, (ii) Sponsor Private Placement Warrants and the ordinary shares underlying such warrants, (iii)
      Underwriter Private Placement Warrants and the ordinary shares underlying such warrants, and (iv) warrants that may be issued upon
      conversion of Working Capital Loans (as defined below) will have registration rights pursuant to a registration rights agreement
      dated April 29, 2025. The holders of Founder Shares, Sponsor Private Placement Warrants, and Working Capital Warrants are
      entitled to make up to three demands, excluding short form demands, that the Company register such securities. In addition, the
      holders of Founder Shares, Sponsor Private Placement Warrants, and Working Capital Warrants have certain “piggy-back”
      registration rights with respect to registration statements filed subsequent to the completion of the Initial Business Combination.
      The Underwriter Private Placement Warrants (including the underlying shares) will be entitled to resale registration rights including
      one demand and unlimited “piggy-back” rights for periods of five and seven years, respectively, from the commencement
      of sales in the Initial Public Offering, in compliance with the Financial Industry Regulatory Authority (“FINRA”) Rule 5510(g)(8).
      The Company will bear the expenses incurred in connection with the filing of any such registration statements.
       
      Administrative
      Services and Indemnification Agreement
       
      Commencing
      on May 1, 2025, the Company agreed to reimburse the Sponsor or an affiliate thereof in an amount equal to $15,000 per month
      for office space, utilities and secretarial and administrative support. Upon completion of the Initial Business Combination or
      the Company’s liquidation, the Company will cease paying these monthly fees. Payment for such administrative services to
      the Sponsor will be deferred and payable upon closing of an Initial Business Combination and will only be paid out of funds remaining
      outside of Trust Account.
       
      The
      Sponsor, executive officers and directors, or any of their respective affiliates will be reimbursed for any out-of-pocket expenses
      incurred in connection with activities on the Company’s behalf such as identifying potential target businesses and performing
      due diligence on suitable Initial Business Combinations. These individuals will be eligible to receive a transfer or reallocation
      of Founder Shares for any extraordinary services rendered in order to identify or effectuate the consummation of the Initial Business
      Combination. The