Company: TACOW
Filing Date: 2025-06-12
Form Type: 10-Q
Source: 0001829126-25-004454
Chunk: 30

Company: Berto Acquisition Corp.
Filing Date: 2025-06-12
Form: 10-Q
Item: Part I, Item 1
Chunk 30
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 to interest earned on the funds held in the Trust Account that may be released to us to pay our taxes, if any, none
      of the funds held in the Trust Account will be released until the earlier of (i) the completion of the Initial Business Combination
      in connection with a general meeting called to approve the Initial Business Combination or without a shareholder vote by means
      of a tender offer; (ii) the redemption of any Public Shares if we were unable to complete the Initial Business Combination within
      the completion window (as defined below), subject to applicable law or (y) if we extend the completion window and such extension
      is conditioned upon depositing additional funds into the Trust Account, upon the end of a 30-day cure period after the date any
      such funds were required to be deposited but were not so deposited or (iii) the redemption of Public Shares properly submitted
      in connection with a shareholder vote to amend our articles not for the purpose of approving, or in conjunction with the consummation
      of, an Initial Business Combination, (A) to modify the substance or timing of our obligation to allow redemption in connection
      with the Initial Business Combination or to redeem 100% of Public Shares if we have not consummated an Initial Business Combination
      within the completion window or (B) with respect to any other material provisions relating to the rights of holders of ordinary
      shares or pre-Initial Business Combination activity. The proceeds deposited in the Trust Account could become subject to the claims
      of our creditors, if any, which could have priority over the claims of the holders of the Public Shares (the “Public Shareholders”).

Initial
      Business Combination

Our
      management has broad discretion with respect to the specific application of the net proceeds of the Initial Public Offering and
      the sale of Sponsor Private Placement Warrants, although substantially all of the net proceeds of the Initial Public Offering are
      intended to be generally applied toward consummating an Initial Business Combination. The Initial Business Combination must occur
      with one or more businesses having an aggregate fair market value of at least 80% of the value of the Trust Account (excluding
      any deferred underwriters fees and taxes payable on the income earned on the Trust Account) at the time of the agreement to enter
      into the Initial Business Combination. However, we will only complete an Initial Business Combination if the post-transaction company
      owns or acquires 50% or more of the voting securities of