Company: TACOW
Filing Date: 2025-02-10
Form Type: DRS
Source: 0001829126-25-000836
Chunk: 317

Company: Berto Acquisition Corp.
Filing Date: 2025-02-10
Form: DRS
Chunk 317
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The underwriter (and/or its designees) have also committed to purchase 3,750,000
Private Placement Warrants at the price of $1.00 per warrant as discussed in Note
4).

Consulting Agreement

On November 11, 2024, the Company entered into a consulting agreement with Meteora, pursuant to which Meteora provided consulting, advisory and related services to Company with respect to general special
purpose acquisition company structuring and capital markets matters.

The Company agreed to (i) sell 300,000 Founder Shares to Meteora for an aggregate purchase price of $1,043, and (ii) pay to Meteora a consulting fee of $500,000 payable upon the closing of the Proposed Public Offering. The Company estimated the fair value of such shares of $150,000 based on Monte Carlo simulation model and recognized stock-based compensation expenses for such services within Deferred Offering Costs in the accompanying balance sheet.

Note 7 — Shareholders’ Deficit

Preference Shares

The Company is authorized to issue 5,000,000 preferred shares with a par value of $0.001 per share with such designations, voting and other rights and preferences as may be
determined from time to time by the Company’s board of directors. As of December 31, 2024, there were no preferred shares issued or outstanding.

Ordinary Shares

The Company is authorized to issue 550,000,000 ordinary shares with a par value of $0.001 per share. As of December 31, 2024, there was an aggregate of 7,187,500 shares issued and outstanding. Of these, up to an aggregate of 937,500 shares are subject to forfeiture depending on the extent to which the over-allotment option is not exercised by the underwriters so that the Founder Shares will represent 20% of the Company’s issued and outstanding shares after the Proposed Public Offering.

Ordinary shareholders of record are entitled to one vote for each share held on all
matters to be voted on by shareholders. Unless specified in our articles, or as required
by applicable provisions of the Companies Act or applicable stock exchange rules,
the affirmative vote of a majority of our ordinary shares that are represented in
person or by proxy and are voted is required to approve any such matter voted on by
our shareholders. Approval of certain actions will require a special resolution under Cayman Islands
law, passed by the affirmative vote of at least two-thirds of