Company: TACOW
Filing Date: 2025-04-09
Form Type: S-1/A
Source: 0001829126-25-002484
Chunk: 22

Company: Berto Acquisition Corp.
Filing Date: 2025-04-09
Form: S-1/A
Chunk 22
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Y to complete an initial
business combination, GTY’s public stockholders holding 34,011,538 shares of GTY common stock out of a total of 55,200,000 shares
of GTY common stock (approximately 65% of the then outstanding GTY common stock) validly elected to redeem their shares, and, after giving
effect to such redemptions, the balance left in GTY’s trust account was approximately $216.8 million. In February 2019, in
connection with the stockholders meeting to approve GTY’s initial business combination, holders of 11,073,040 shares of GTY common
stock (which, together with the shares redeemed in connection with the extension, totals approximately 86% of the outstanding GTY common
stock at the consummation of its initial public offering), exercised their right to redeem those shares for cash at a price of approximately
$10.29 per share, or $114 million in the aggregate. GTY raised a PIPE in the amount of approximately $126.3 million in connection with
the business combination. Following the business combination, Mr. You served as Vice Chairman of the Board of Directors from February 2019
to July 2022. GTY’s common stock was traded on the New York Stock Exchange under the symbol “GTYH”. On July 7,
2022, GTY was acquired by a private investment firm, GI Partners, for a purchase price of approximately $6.30 per share, or approximately
$363 million in aggregate.

Other Merger & Acquisition and Capital Markets Experience

In addition to the prior SPAC
experience above, Mr. You, our Chairman of the board of directors, has executed several hundred investments and acquisitions as
a managing director in Investment Banking Division of Morgan Stanley and two other firms from 1989 to 2001, Chief Financial Officer at
Accenture from 2001 to 2004 and Oracle from 2004 to 2005, as well as EVP in the Office of the Chairman in charge of Merger & Acquisition
and Corporate Development at EMC from 2008 to 2016. Notably, Mr. You helped architect the $67 billion buyout of EMC by Dell Technologies
Inc., which has been one of the largest technology acquisitions and leveraged buyout. Recently, as a member of the executive committee
of the board of Broadcom, Mr. You provided input on the $92 billion acquisition of VMware LLC by Broadcom.