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

Company: Berto Acquisition Corp.
Filing Date: 2025-06-12
Form: 10-Q
Item: Part I, Item 1
Chunk 25
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 the Company sends the notice of
            redemption to the warrant holders.

      The
      Company will not redeem the Public Warrants as described above for cash unless a registration statement under the Securities Act
      covering the ordinary shares issuable upon exercise of the Public Warrants is then effective and a current prospectus relating
      to those ordinary shares is available throughout the 30-day redemption period, except if the Company has elected to require the
      exercise of the Public Warrants on a cashless basis and such cashless exercise is exempt from registration under the Securities
      Act.
       
      In
      no event will the Company be required to net cash settle any warrant. If the Company is unable to complete an Initial Business
      Combination within the Completion Window and the Company liquidates the funds held in the Trust Account, holders of warrants will
      not receive any of such funds with respect to their Warrants, nor will they receive any distribution from the Company’s assets
      held outside of the Trust Account with respect to such Warrants. Accordingly, the Warrants may expire worthless.
       
      If
      and when the Public Warrants become redeemable by the Company, it may exercise the redemption right even if the Company is unable
      to register or qualify the underlying securities for sale under all applicable state securities laws.
       
      If
      the Company calls the Public Warrants for redemption for cash, as described above, the management will have the option to require
      all holders that wish to exercise Public Warrants to do so on a “cashless basis.” In determining whether to require
      all holders to exercise their Public Warrants on a “cashless basis,” the management will consider, among other factors,
      the Company’s cash position, the number of Public Warrants that are outstanding and the dilutive effect on the shareholders
      of issuing the maximum number of ordinary shares issuable upon the exercise of the Public Warrants.

Note
      8 — Segment Information
       
      ASC
      Topic 280, “Segment Reporting,” establishes standards for companies to report in their financial statements information
      about operating segments, products, services, geographic areas, and major customers. Operating segments are defined as components
      of an enterprise for which separate financial information is available that is regularly evaluated by the Company’s chief
      operating decision maker, or group, in deciding how to allocate resources and assess performance. The Company’s Executive
      Chairman and Interim Chief Financial Officer has been identified as the