Company: TACOW
Filing Date: 2025-04-09
Form Type: S-1/A
Source: 0001829126-25-002484
Chunk: 282

Company: Berto Acquisition Corp.
Filing Date: 2025-04-09
Form: S-1/A
Chunk 282
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 United States federal income tax purposes as constructively owned by such holder.
In addition to owning our shares directly, a U.S. Holder may be treated for United States federal income tax purposes as constructively
owning our shares that are owned by certain individuals related to such U.S. Holder and certain entities in which the U.S. Holder has
an interest or that have an interest in such U.S. Holder, as well as any of our shares which the U.S. Holder has a right to acquire by
exercise of an option, which generally would include ordinary shares which could be acquired by such U.S. Holder pursuant to the exercise
of warrants. A redemption of ordinary shares generally will be “substantially disproportionate” with respect to a U.S. Holder
if the percentage of our issued and outstanding voting shares actually and constructively owned by the U.S. Holder immediately following
the redemption of ordinary shares constitutes, among other requirements, less than 80% of the percentage of our issued and outstanding
voting shares actually and constructively owned by the U.S. Holder immediately before the redemption. A redemption of ordinary shares
generally will result in a “complete termination” of a U.S. Holder’s interest if either (i) all of our shares actually
and constructively owned by the U.S. Holder are redeemed or (ii) all of our shares actually owned by the U.S. Holder are redeemed and
the U.S. Holder is eligible to waive, and effectively waives in accordance with specific rules, the attribution of shares owned by certain
family members, and the U.S. Holder is not otherwise treated as constructively owning any of our shares (including as a result of owning
our warrants). A redemption of ordinary shares generally will be “not essentially equivalent to a dividend” if such redemption
results in a “meaningful reduction” of the U.S. Holder’s proportionate interest in us. Whether a redemption results
in a “meaningful reduction” in a U.S. Holder’s proportionate interest in us will depend on the particular facts and
circumstances. The IRS has indicated in a published ruling that even a small reduction in the proportionate interest of a small minority
shareholder in a publicly held corporation who exercises no control over corporate affairs may constitute a “meaningful reduction.”
A U.S. Holder should consult with its own tax advisor as to the tax consequences of a redemption of its ordinary shares.

If none of the foregoing tests
are satisfied, then the redemption of