Company: TACOW
Filing Date: 2025-03-21
Form Type: S-1
Source: 0001829126-25-001978
Chunk: 235

Company: Berto Acquisition Corp.
Filing Date: 2025-03-21
Form: S-1
Chunk 235
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 of up to 550,000,000 ordinary shares, if we were to enter into a business combination, we may (depending on the terms of
such a business combination) be required to increase the number of ordinary shares which we are authorized to issue at the same time
as our shareholders vote on the business combination to the extent we seek shareholder approval in connection with our initial business
combination. Our board of directors is divided into three classes with only one class of directors being elected in each year and each
class (except for those directors appointed prior to our first annual general meeting) serving a three-year term.

In accordance with Nasdaq corporate
governance requirements, we are not required to hold an annual general meeting until no later than one year after our first full fiscal
year end following our listing on Nasdaq. There is no requirement under the Companies Act for us to hold annual or extraordinary general
meetings or appoint directors. We may not hold an annual general meeting to appoint new directors prior to the consummation of our initial
business combination.

We will provide our public shareholders
with the opportunity to redeem, regardless of whether they abstain, vote for, or against, our initial business combination, all or a
portion of their public shares in connection with the completion of our initial business combination at a per-share price, payable in
cash, equal to the aggregate amount then on deposit in the trust account calculated as of two business days prior to the consummation
of our initial business combination, including interest earned on the funds held in the trust account (which interest shall be net of
taxes paid or taxes payable), divided by the number of then issued and outstanding public shares, subject to the limitations described
herein. The amount in the trust account is initially anticipated to be $10.00 per public share. The per share amount we will distribute
to investors who properly redeem their shares will not be reduced by the deferred underwriting commissions we will pay to the underwriters.
Our initial shareholders, sponsor, officers and directors, and the consultant who owns founder shares have entered into a letter agreement
with us, pursuant to which they have agreed to waive their redemption rights with respect to any founder shares they hold and public
shares the sponsor, sponsor affiliates, officers and directors hold in connection with the completion of our initial business combination.
Unlike many special purpose acquisition companies that hold shareholder votes and conduct proxy solicitations in conjunction with their
initial business combinations and provide for related redemptions of public shares for cash