Company: TACOW
Filing Date: 2025-04-09
Form Type: S-1/A
Source: 0001829126-25-002484
Chunk: 287

Company: Berto Acquisition Corp.
Filing Date: 2025-04-09
Form: S-1/A
Chunk 287
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 until after the end of such taxable year (and, if the startup
exception is applicable to our current taxable year, perhaps until after the end of our two taxable years following our current taxable
year). Accordingly, there can be no assurance with respect to our status as a PFIC for our current taxable year or any future taxable
year. In addition, our U.S. counsel expresses no opinion with respect to our PFIC status for our current or future taxable years.

Although our PFIC status is determined
annually, an initial determination that our company is a PFIC generally will apply for subsequent years to a U.S. Holder who held ordinary
shares or warrants while we were a PFIC, whether or not we meet the test for PFIC status in those subsequent years. If we are determined
to be a PFIC for any taxable year (or portion thereof) that is included in the holding period of a U.S. Holder of our ordinary shares
or warrants and, in the case of our ordinary shares, the U.S. Holder did not make either a timely mark-to-market election or a qualified
electing fund (“QEF”) election for our first taxable year as a PFIC in which the U.S. Holder held (or was deemed to hold)
ordinary shares, as described below, such U.S. Holder generally will be subject to special rules with respect to (i) any gain recognized
by the U.S. Holder on the sale or other disposition of its ordinary shares or warrants (which may include gain realized by reason of
transfers of ordinary shares or warrants that would otherwise qualify as nonrecognition transactions for U.S. federal income tax purposes)
and (ii) any “excess distribution” made to the U.S. Holder (generally, any distributions to such U.S. Holder during a taxable
year of the U.S. Holder that are greater than 125% of the average annual distributions received by such U.S. Holder in respect of the
ordinary shares during the three preceding taxable years of such U.S. Holder or, if shorter, the portion of such U.S. Holder’s
holding period for the ordinary shares that preceded the taxable year of the distribution) (together, the “excess distribution
rules”).

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Under these excess distribution
rules:

| ● | the U.S. Holder’s gain or excess distribution will be                                        
 allocated ratably over the U.S. Holder’s holding period for the ordinary shares or warrants