Company: TACOW
Filing Date: 2025-03-21
Form Type: S-1
Source: 0001829126-25-001978
Chunk: 238

Company: Berto Acquisition Corp.
Filing Date: 2025-03-21
Form: S-1
Chunk 238
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 our shareholders approving a plan of merger. Additionally, each public shareholder
may elect to redeem their public shares irrespective of whether they vote for or against the proposed transaction or whether they do
not vote or abstain from voting on the proposed transaction, or whether they were a public shareholder on the record date for the general
meeting held to approve the proposed transaction.

Pursuant to our articles, if
we are unable to complete our initial business combination within the completion window, we will, (i) cease all operations except for
the purpose of winding up; (ii) as promptly as reasonably possible but no more than ten business days thereafter, subject to lawfully
available funds, redeem the public shares, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the
trust account, including interest earned on the funds held in the trust account (which interest shall be net of taxes paid or payable
and up to $100,000 to pay dissolution expenses), divided by the number of then issued and outstanding public shares, which redemption
will constitute full and complete payment and completely extinguish public shareholders’ rights as shareholders (including the
right to receive further liquidation distribution or other distributions, if any), subject to applicable law; and (iii) as promptly as
reasonably possible following such redemption, subject to the approval of our remaining shareholders and our board of directors, liquidate
and dissolve, subject in each case to our obligations under Cayman Islands law to provide for claims of creditors and the requirements
of other applicable law. Our initial shareholders have entered into agreements with us, pursuant to which they have agreed to waive their
rights to liquidating distributions from the trust account with respect to their founder shares if we fail to complete our initial business
combination within the completion window, although they will be entitled to liquidating distributions from assets outside the trust account.
However, if our initial shareholders or management team acquire public shares in or after this offering, they will be entitled to liquidating
distributions from the trust account with respect to such public shares if we fail to complete our initial business combination within
the prescribed time period.

In the event of a liquidation,
dissolution or winding up of the company after a business combination, our shareholders are entitled to share ratably in all assets remaining
available for distribution to them after payment of liabilities and after provision is made for each class of shares, if any, having
preference over the ordinary shares. Our shareholders have no preemptive