Company: TACOW
Filing Date: 2025-04-15
Form Type: S-1/A
Source: 0001829126-25-002650
Chunk: 235

Company: Berto Acquisition Corp.
Filing Date: 2025-04-15
Form: S-1/A
Chunk 235
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Approval of certain actions will require a special resolution under Cayman Islands law, passed by the affirmative vote of at least two-thirds
of our ordinary shares which are represented in person or represented by proxy and are voted at a general meeting of the company, and
pursuant to our articles; such actions include amending our articles and approving a statutory merger or consolidation with another company.
Our board of directors is divided into three classes, each of which will generally serve for a term of three years with only one class
of directors being appointed in each year. There is no cumulative voting with respect to the appointment of directors, with the result
that the holders of more than 50% of the shares voted for the appointment of directors can appoint all of the directors. Our shareholders
are entitled to receive ratable dividends when, as and if declared by the board of directors out of funds legally available therefor.

Because our articles authorize
the issuance of up to 550,000,000 ordinary shares, if we were to enter into a business combination, we may (depending on the terms of
such a business combination) be required to increase the number of ordinary shares which we are authorized to issue at the same time
as our shareholders vote on the business combination to the extent we seek shareholder approval in connection with our initial business
combination. Our board of directors is divided into three classes with only one class of directors being elected in each year and each
class (except for those directors appointed prior to our first annual general meeting) serving a three-year term.

In accordance with Nasdaq corporate
governance requirements, we are not required to hold an annual general meeting until no later than one year after our first full fiscal
year end following our listing on Nasdaq. There is no requirement under the Companies Act for us to hold annual or extraordinary general
meetings or appoint directors. We may not hold an annual general meeting to appoint new directors prior to the consummation of our initial
business combination.

We will provide our public
shareholders (excluding our sponsor, sponsor affiliates, directors and officers to the extent they acquire public shares) with the opportunity
to redeem, regardless of whether they abstain, vote for, or against, our initial business combination, all or a portion of their public
shares in connection with the completion of our initial business combination at a per-share price, payable in cash, equal to the aggregate
amount then on deposit in the trust account calculated as of two business days prior to the consummation