Company: TACOW
Filing Date: 2025-04-09
Form Type: S-1/A
Source: 0001829126-25-002484
Chunk: 156

Company: Berto Acquisition Corp.
Filing Date: 2025-04-09
Form: S-1/A
Chunk 156
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 particularly in the areas of designing, enhancing, or remediating internal and disclosure
controls. Doing so effectively may also take longer than we expect, thus increasing our exposure to financial fraud or erroneous
financing reporting.

Once our management’s
report on internal controls is complete, we will retain our independent registered public accounting firm to audit and render an
opinion on such report when required by Section 404 of the Sarbanes-Oxley Act. The independent registered public accounting
firm may identify additional issues concerning a target business’s internal controls while performing their audit of internal
control over financial reporting.

Quantitative and Qualitative Disclosures about Market Risk

The net proceeds of this
offering, the sale of the private placement warrants and the overfunding loans held in the trust account will be invested in U.S.
government treasury obligations with a maturity of 185 days or less or in money market funds meeting certain conditions under Rule 2a-7
under the Investment Company Act which invest only in direct U.S. government treasury obligations. Due to the short-term nature
of these investments, we believe there will be no associated material exposure to interest rate risk.

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Related Party Transactions

Founder Shares

On November 11, 2024,
our sponsor and its affiliates purchased $23,957 for an aggregate of 6,887,500 ordinary shares (up to 937,500 of which will be
surrendered to us for no consideration depending on the extent to which the underwriters’ over-allotment option is exercised)
and Meteora (our consultant) paid $1,043 for an aggregate of 300,000 ordinary shares (none of which are subject to forfeiture in
connection with the exercise of the over-allotment option). These 7,187,500 ordinary shares are referred herein as “Founder
Shares”. Of these 7,187,500 Founder Shares, each of the Sponsor, Sponsor’s affiliates: Harry You and Robert You, and
Meteora held 2,575,000 shares (of which 375,000 shares are subject to forfeiture if the underwriters do not exercise their over-allotment
option), 2,300,000 shares (of which 300,000 shares are subject to forfeiture if the underwriters do not exercise their over-allotment
option), 2,012,500 shares (of which 262,500 shares are subject to forfeiture if the underwriters do not exercise