Company: TACOW
Filing Date: 2025-04-15
Form Type: S-1/A
Source: 0001829126-25-002650
Chunk: 37

Company: Berto Acquisition Corp.
Filing Date: 2025-04-15
Form: S-1/A
Chunk 37
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 exercisable for one ordinary share, in order to reduce the dilutive effect of            
 the warrants upon completion of a business combination as compared to units issued by some other similar SPACs that each contain          
 a whole warrant to purchase one whole share, thus making us, we believe, a more attractive business combination partner for target        
 businesses.                                                                                                                               
 Except as described                                                                                                                       
 below, the private placement warrants and underwriter warrants will be exercisable on the same terms as the warrants offered              
 as part of the units.                                                                                                                     |
| Exercise price |     | $10.50 per share within the first 12 months following the closing of an initial                                                           
 business combination or $11.50 per share after the 12-month anniversary of the closing of the initial business combination (the “exercise 
 price”), subject to adjustments described herein. In addition, if (x) we issue additional ordinary shares or equity-linked                
 securities for capital raising purposes in connection with the closing of our initial business combination at an issue price or effective 
 issue price of less than $9.20 per ordinary share (with such issue price or effective issue price to be determined in good faith          
 by our board of directors and, in the case of any such issuance to our initial shareholders or their affiliates, without taking into      
 account any founder shares held by our initial shareholders or such affiliates prior to such issuance) (the “Newly Issued Price”),        
 (y) the aggregate gross proceeds from such issuances represent more than 60% of the total equity proceeds (including from such issuances  
 and this offering), and interest thereon, available for the funding of our initial business combination on the date of the consummation   
 of our initial business combination (net of redemptions), and (z) the volume weighted average trading price of our ordinary shares        
 during the 20 trading-day period starting on the trading day after the day on which we consummate our initial business combination        
 (such price, the “Market Value”) is below $9.20 per share, the exercise price of the warrants will be adjusted (to the                    
 nearest cent) to be equal to 115% of the higher of the Market Value and the Newly Issued Price, and the $18.00 per share redemption       
 trigger price described below under “Redemption of public warrants for cash” will be adjusted (to the nearest                             
 cent) to be equal to 180% of the higher of the Market Value and the Newly Issued Price.                                                   |

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