Company: TACOW
Filing Date: 2025-04-15
Form Type: S-1/A
Source: 0001829126-25-002650
Chunk: 33

Company: Berto Acquisition Corp.
Filing Date: 2025-04-15
Form: S-1/A
Chunk 33
---
 than $10.00 per share.” Our founder shares are of the same class as the ordinary shares included in the units being sold in this offering. Our founder shares are identical to the public shares except that the founder shares are entitled to registration rights and subject to certain transfer restrictions, as described in more detail in this prospectus. Unlike in other SPACs, our founder shares do not have conversion and anti-dilution rights in connection with the closing of a business combination. Therefore, if additional ordinary shares or equity-linked securities are issued or deemed issued in connection with our initial business combination, our founder shares will be diluted by such issuance pro rata with the public shares. Pursuant to a letter agreement to be entered with us, each of our sponsor, sponsor affiliates, officers and directors and the consultant who owns founder shares has agreed to restrictions on its ability to transfer, assign, or sell the founder shares and private placement warrants, as summarized in the table below. Our letter agreement with our sponsor, sponsor affiliates, officers and directors, and consultant which contains the below provisions relating to transfer restrictions of our founder shares and private placement warrants, may be amended without shareholder approval. Such transfer restrictions have been amended in connection with business combinations for certain other SPACs. While we do not expect our board to approve any amendment to the letter agreement prior to our initial business combination, it may be possible that our board, in exercising its business judgment and subject to its fiduciary duties, chooses to approve one or more amendments to the letter agreement.

| Subject    
 Securities |     | Expiration                                                                                                                                  
 Date                                                                                                                                        |     | Persons                 
 Subject to Restrictions |     | Exceptions                                                                                                                                   
 to Transfer Restrictions                                                                                                                     |
| Founder    
 Shares     |     | The founder shares are not transferable                                                                                                     
 or salable until the earlier of (A) one year after the completion of our initial business combination and (B) subsequent to our initial     
 business combination, (x) the closing price of the ordinary shares equals or exceeds $12.00 per share (as adjusted for share sub-divisions, 
 share capitalizations, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period,           
 provided such release shall not occur earlier than 150 days after our initial business combination or (y) the date on which we complete     
 a liquidation, merger, share exchange or other similar transaction that results in all of our shareholders having the right to exchange     
 their ordinary shares for cash,