Company: TACOW
Filing Date: 2025-06-12
Form Type: 10-Q
Source: 0001829126-25-004454
Chunk: 4

Company: Berto Acquisition Corp.
Filing Date: 2025-06-12
Form: 10-Q
Item: Part I, Item 1
Chunk 4
---
 held in the Trust Account and instead to hold the
      funds in the Trust Account uninvested in cash or in an interest-bearing or non-interest-bearing demand deposit account. Funds will
      remain in the Trust Account until the earlier of (i) the consummation of the Initial Business Combination or (ii) the distribution
      of the Trust Account proceeds as described below.

    5

BERTO ACQUISITION CORP.
NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS
MARCH 31, 2025

      Except
      with respect to interest earned on the funds held in the Trust Account that may be released to the Company to pay its 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 the Company was unable to complete the Initial Business
      Combination within the completion window (as defined below), subject to applicable law or (y) if the Company extends 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 the Company’s articles (as defined below) 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 the Company’s obligation to allow redemption in connection with the Initial Business Combination or to redeem
      100% of Public Shares if the Company has 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 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