Company: TACOW
Filing Date: 2025-06-12
Form Type: 10-Q
Source: 0001829126-25-004454
Chunk: 16

Company: Berto Acquisition Corp.
Filing Date: 2025-06-12
Form: 10-Q
Item: Part I, Item 1
Chunk 16
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      (none of the shares issued to Meteora were subject to forfeiture in connection with the exercise of the over-allotment option as
      described below). On April 29, 2025, the Company capitalized $31.63 standing to the credit of the Company’s share premium
      account and issued an additional 316,250 ordinary shares, resulting in the Sponsor, Sponsor Affiliates, and a consultant holding
      an aggregate of 7,503,750 ordinary shares. All shares and associated amounts have been retroactively restated to reflect the share
      capitalization. These 7,503,750 ordinary shares are referred herein as “Founder Shares”. Out of the total 7,503,750
      Founder Shares held by the Sponsor, Sponsor’s affiliates: Harry You and Robert You, and the Consultant each holds 2,688,300,
      2,401,200, 2,101,050 and 313,200 Founder Shares, respectively. Of these, up to 978,750 of the Founder Shares held by the Sponsor
      and Sponsor’s affiliates were subject to forfeiture up to the extent to which the underwriters’ over-allotment option
      was not exercised. On May 1, 2025, the underwriters fully exercised their over-allotment option; thus, these 978,750 Founder
      Shares were no longer subject to forfeiture.
       
      The
      Initial Shareholders agreed not to transfer, assign or sell any of its Founder Shares until the earlier to occur of (A) one year
      after the completion of the Initial Business Combination, or (B) subsequent to the Initial Business Combination, if (x) the closing
      price of the ordinary shares equals or exceeds $12.00 per share (as adjusted for share sub-divisions, share capitalizations, reorganizations,
      recapitalizations and the like) for any 20 trading days within any 30-trading day period, provided such release shall not occur
      earlier than 150 days after the Initial Business Combination or (y) the date on which the Company completes a liquidation, merger,
      share exchange or other similar transaction that results in all of the shareholders having the right to exchange their ordinary
      shares for cash, securities or other property.

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