Company: TACOW
Filing Date: 2025-03-21
Form Type: S-1
Source: 0001829126-25-001978
Chunk: 159

Company: Berto Acquisition Corp.
Filing Date: 2025-03-21
Form: S-1
Chunk 159
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 cover expenses related to the Proposed Public Offering pursuant to a promissory note
(the “Note”). This loan is non-interest bearing and payable on the earlier of June 30, 2025, or the date on which
we consummate the Proposed Public Offering. As of December 31, 2024, we had approximately $34,000 of borrowings under the
Note.

Working Capital Loans

In addition, in order to
finance transaction costs in connection with its Initial Business Combination, our sponsor or an affiliate of our sponsor, or our
officers and directors may, but are not obligated to, loan us funds as may be required (“Working Capital Loans”). If
we complete our Initial Business Combination, we would repay the Working Capital Loans. In the event that the Initial Business
Combination does not close, we may use a portion of proceeds held outside the trust account to repay the Working Capital Loans
but no proceeds held in the trust account would be used to repay the Working Capital Loans. If our sponsor makes any Working Capital
Loans, up to $1.5 million of such loans may be convertible into warrants of the post business combination entity at a price of
$1.00 per warrant at the option of the lender. The warrants and their underlying securities would be identical to the Private Placement
Warrants. As of December 31, 2024, we had no borrowings under the Working Capital Loans.

Off-Balance Sheet Arrangements; Commitments and Contractual Obligations; Quarterly Results

As of December 31,
2024, we did not have any off-balance sheet arrangements as defined in Item 303(a)(4)(ii) of Regulation S-K and did not have any
commitments or contractual obligations. No unaudited quarterly operating data is included in this prospectus as we have conducted
no operations to date.

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JOBS Act

On April 5, 2012,
the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”) was signed into law. The JOBS Act contains provisions
that, among other things, relax certain reporting requirements for qualifying public companies. We will qualify as an “emerging
growth company” and under the JOBS Act will be allowed to comply with new or revised accounting pronouncements based on the
effective date for private (not publicly traded) companies. We are electing to delay the adoption of new or revised accounting
standards