Company: TACOW
Filing Date: 2025-02-10
Form Type: DRS
Source: 0001829126-25-000836
Chunk: 304

Company: Berto Acquisition Corp.
Filing Date: 2025-02-10
Form: DRS
Chunk 304
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 respect to any other provision relating to the rights of holders of the Public
Shares or pre-Initial Business Combination activity; and (iii) absent an Initial Business Combination within the Combination Period, return of the funds held in the Trust Account to the Company’s public shareholders as part of the Company’s redemption of the Public Shares (subject to the requirements of law). The proceeds deposited in the Trust Account
could become subject to the claims of the Company’s creditors, if any, which could have priority over the claims of the holders of the Company’s Public Shares (the “Public Shareholders”).

Initial Business Combination

The Company’s management has broad discretion with respect to the specific application of the
net proceeds of the Proposed Public Offering and the sale of Private Placement Warrants, although substantially all of the net proceeds of the Proposed Public Offering are intended to be generally applied toward consummating an Initial Business Combination.
The Initial Business Combination must occur with one or more operating businesses or assets that together have an aggregate fair market value of at least 80% of the assets held
in the Trust Account (excluding the amounts disbursed to management for working capital purposes and excluding
the amount of any deferred underwriting commissions held in the trust account, of
which there will be none here) at the time of the agreement to enter into the Initial Business Combination. However, the Company will only complete a Business Combination if the post-transaction
company owns or acquires 50% or more of the voting securities of the target or otherwise acquires a controlling
interest in the target sufficient for it not to be required to register as an investment
company under the Investment Company Act. Furthermore, there is no assurance that the Company will be able to successfully effect
an Initial Business Combination.

The Company provides Public Shareholders with the opportunity to redeem all or a portion
of their Public Shares upon the completion of a Business Combination either (i) in connection with a shareholders’ meeting called to approve the Business Combination or (ii) by means of a tender offer. The decision as to whether the Company will seek shareholder
approval of a Business Combination or conduct a tender offer will be made by the Company,
solely in its discretion, and will be based on a variety of factors such as the timing of the transaction
and whether the terms of the transaction would require the Company to seek shareholder approval under applicable law or stock exchange listing requirement. The Public Shareholders will be entitled to redeem their Public Shares for a pro
rata portion of the amount then held in the