Company: TACOW
Filing Date: 2025-04-09
Form Type: S-1/A
Source: 0001829126-25-002484
Chunk: 259

Company: Berto Acquisition Corp.
Filing Date: 2025-04-09
Form: S-1/A
Chunk 259
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 relevant date,
where the consideration for such shares to be contributed are shares of any company listed on a national securities exchange or shares
of the surviving or consolidated company.

Moreover, Cayman Islands law
has separate statutory provisions that facilitate the reconstruction or amalgamation of companies in certain circumstances, commonly
referred to in the Cayman Islands as a “scheme of arrangement,” which may be tantamount to a merger. Schemes of arrangement
will generally be more suited for complex mergers or other transactions involving widely held companies. In the event that a merger was
sought pursuant to a scheme of arrangement (the procedures for which are more rigorous and take longer to complete than the procedures
typically required to consummate a merger in the United States), the arrangement in question must be approved by (i) in relation to a
compromise or arrangement between a company and its creditors or any class of them, a majority in number of such creditors or class of
creditors with whom the arrangement is to be made and who must in addition represent three-fourths in value of such creditors or class
of creditors, as the case may be, that are present and voting either in person or by proxy at a meeting summoned for that purpose; and
(ii) in relation to a compromise or arrangement between a company and its shareholders or any class of them, shareholders who represent
75% in value of the company’s shareholders or class of shareholders, as the case may be, that are present and voting either in
person or by proxy at a meeting summoned for that purpose. The convening of the meetings and subsequently the terms of the arrangement
must be sanctioned by the Grand Court of the Cayman Islands. While a dissenting shareholder would have the right to express to the court
the view that the transaction should not be approved, the court can be expected to approve the arrangement if it satisfies itself that:

| ● | we are not proposing to act illegally or beyond the scope                                            
 of our corporate authority and the statutory provisions as to majority vote have been complied with; |

| ● | the shareholders have been fairly represented at the general 
 meeting in question;                                         |

| ● | the arrangement is such as a businessman would reasonably 
 approve; and                                              |

| ● | the arrangement is not one that would more properly be sanctioned                                  
 under some other provision of the Companies Act or that would amount to a “fraud on the minority.” |

<div align='center'>172</div>

If a scheme of arrangement or
takeover offer (as described