Company: TACOW
Filing Date: 2025-06-12
Form Type: 10-Q
Source: 0001829126-25-004454
Chunk: 24

Company: Berto Acquisition Corp.
Filing Date: 2025-06-12
Form: 10-Q
Item: Part I, Item 1
Chunk 24
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ptions), and (z) the volume weighted average trading price
      of ordinary shares during the 20 trading-day period starting on the trading day prior to the day on which the Company consummates
      its 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,
      the $18.00 per share redemption trigger price will be adjusted (to the nearest cent) to be equal to 180% of the higher of the Market
      Value and the Newly Issued Price.
       
      The
      Sponsor Private Placement Warrants are identical to the Public Warrants, except that the Sponsor Private Placement Warrants and
      the ordinary shares issuable upon exercise of the Sponsor Private Placement Warrants will not be transferable, assignable or salable
      until 30 days after the completion of an Initial Business Combination, subject to certain limited exceptions. Additionally, the
      Sponsor Private Placement Warrants are non-redeemable by the Company and exercisable by such holders on the same basis as the Public
      Warrants. The Underwriter Private Placement Warrants had the same terms as the Sponsor Private Placement Warrants, subject to certain
      restrictions pursuant to FINRA Rule 5110(g)(8) and FINRA Rule 5110(e)(1) as described herein.

    16

BERTO ACQUISITION CORP.
NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS
MARCH 31, 2025

      Redemption
      of Public Warrants for cash. Once the warrants become exercisable, the Company may redeem the outstanding Public Warrants (except
      as described herein with respect to the Private Placement Warrants):

            ●
            in
            whole and not in part;

            ●
            at
            a price of $0.01 per Public Warrant;

            ●
            upon
            a minimum of 30 days’ prior written notice of redemption, referred to as the 30-day redemption period; and

            ●
            if,
            and only if, the closing price of the Public Shares equals or exceeds $18.00 per share (as adjusted) for any 20 trading days
            within a 30 trading-day period ending on the third trading day prior to the date on which