Company: TACOW
Filing Date: 2025-04-18
Form Type: S-1/A
Source: 0001829126-25-002771
Chunk: 85

Company: Berto Acquisition Corp.
Filing Date: 2025-04-18
Form: S-1/A
Chunk 85
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In order to effectuate
a business combination, SPACs have, in the recent past, amended various provisions of their charters and governing instruments, including
their warrant agreements. For example, SPACs have amended the definition of business combination, increased redemption thresholds and
extended the time to consummate an initial business combination and, with respect to their warrants, amended their warrant agreements
to require the warrants to be exchanged for cash and/or other securities. Amending our articles will require a special resolution under
Cayman Islands law, which requires the affirmative vote of at least two-thirds of our ordinary shares which are represented in person
or by proxy and are voted at a general meeting of the company, and amending our warrant agreement will require a vote of holders of at
least 50% of the public warrants and, solely with respect to any amendment to the terms of the private placement warrants or any provision
of the warrant agreement with respect to the private placement warrants, 50% of the number of the then outstanding private placement
warrants. In addition, our articles require us to provide our public shareholders (except our sponsor, sponsor affiliates, directors
and officers to the extent they acquire public shares) with the opportunity to redeem their public shares for cash if we propose an amendment
to our articles not for the purpose of approving, or in conjunction with the consummation of, an initial business combination (A) to
modify the substance or timing of our obligation to redeem 100% of our public shares if we do not complete an initial business combination
within the completion window or (B) with respect to any other material provisions relating to shareholders’ rights or pre-initial
business combination activity. To the extent any of such amendments would be deemed to fundamentally change the nature of the securities
offered through this registration statement, we would register, or seek an exemption from registration for, the affected securities.
We cannot assure you that we will not seek to amend our charter or governing instruments or extend the time to consummate an initial
business combination in order to effectuate our initial business combination.

The provisions of our articles that relate to our pre-business combination activity (and corresponding provisions of the agreement governing the release of funds from our trust account) may be amended with the approval of holders of not less than two-thirds of our ordinary shares which are represented in person or by proxy and are voted at a general meeting of the company, which is a lower amendment threshold than that of some other SPACs. It may be