Company: TACOW
Filing Date: 2025-06-12
Form Type: 10-Q
Source: 0001829126-25-004454
Chunk: 3

Company: Berto Acquisition Corp.
Filing Date: 2025-06-12
Form: 10-Q
Item: Part I, Item 1
Chunk 3
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 of which approximately $11.7 million
      was for deferred underwriting commissions (see Note 6). Each Unit consists of one Public Share and one-half of one redeemable
      warrant (the “Public Warrants”).
       
      Simultaneously
      with the closing of the Initial Public Offering, the Company consummated the private placement (“Private Placement”)
      of 3,500,000 warrants (the “Sponsor Private Placement Warrants”) to the Sponsor at a purchase price of $1.00 per Sponsor
      Private Placement Warrant, generating gross proceeds to the Company of $3.5 million (see Note 5).
       
      Additionally,
      simultaneously with the closing of the Initial Public Offering, the Company issued an aggregate of 3,750,000 warrants (the “Underwriter
      Private Placement Warrants”, and together with the Sponsor Private Placement Warrants, the “Private Placement Warrants”)
      to designees of the Representatives (see Note 6).
       
      The
      Trust Account
       
      Upon
      the closing of the Initial Public Offering and the Private Placement, the Company deposited $300.15 million ($10.00 per share)
      of net proceeds, including the net proceeds of the Initial Public Offering and certain of the proceeds of the Private Placement
      in a trust account (“Trust Account”) located in the United States with Continental Stock Transfer & Trust Company
      acting as trustee, and would be held only (i) uninvested as cash, (ii) in an interest bearing or non-interest bearing demand deposit
      account at a U.S. chartered commercial bank with consolidated assets of $100 billion or more selected by the trustee that is reasonably
      satisfactory to the Company, or (iii) invested only in U.S. government securities, within the meaning of Section 2(a)(16)
      of the Investment Company Act of 1940 (the “Investment Company Act”), with a maturity of one hundred eighty-five (185)
      days or less, or in money market funds that meet certain conditions under Rule 2a-7 under the Investment Company Act and that
      invest only in direct U.S. government treasury obligations. To mitigate the risk that the Company might be deemed to be an investment
      company for purposes of the Investment Company Act, which risk increases the longer the Company holds investments in the Trust
      Account, it may, at any time, instruct the trustee to liquidate the investments