Company: TACOW
Filing Date: 2025-06-12
Form Type: 10-Q
Source: 0001829126-25-004454
Chunk: 34

Company: Berto Acquisition Corp.
Filing Date: 2025-06-12
Form: 10-Q
Item: Part I, Item 1
Chunk 34
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 proceeds from the closing of the Initial Public Offering and the Private
      Placement held outside Trust once consummated, is sufficient to fund us the working capital needs through a minimum of one year
      from the date of issuance of these unaudited condensed financial statements.

Risks
      and Uncertainties

Various
      macroeconomic, geopolitical and regulatory uncertainties and challenges pose risks to economic conditions in the U.S. and globally,
      including, among others, any resurgence in inflation; changes to trade and tariffs, immigration, energy and other policies; changes
      in interest rate policies; the Russia-Ukraine war; conflicts in the Middle East; and economic conditions and tensions involving
      China.

These
      and other risks could negatively impact economic growth rates and unemployment levels in the U.S. and other countries and result
      in volatility and disruptions in financial markets. Such risks could also adversely affect our search for an Initial Business Combination
      and any target business with which we may ultimately consummate an Initial Business Combination.

Results
      of Operations

Our
      entire activity from July 15, 2024 (inception) through March 31, 2025 is related to our formation and the preparation
      for our Initial Public Offering. We will not generate any operating revenues until after the completion of our initial Business
      Combination. Following the closing of our Initial Public Offering, we generate non-operating income in the form of investment income
      from the Trust Account. We will continue to incur increased expenses as a result of being a public company (for legal, financial
      reporting, accounting and auditing compliance), as well as for due diligence expenses. Additionally, we recognize non-cash gains
      and losses within other income (expense) related to changes in recurring fair value measurement of our derivative liabilities at
      each reporting period.

For
      the three months ended March 31, 2025, we had net loss of approximately $18,000, which consisted solely of general and administrative
      expenses.

Contractual
      Obligations

Registration
      Rights

The
      holders of the (i) Founder Shares, (ii) Sponsor Private Placement Warrants and the ordinary shares underlying such warrants, (iii)
      Underwriter Private Placement Warrants and the ordinary shares underlying such warrants, and (iv) warrants that may be issued upon
      conversion of Working Capital Loans will have registration rights pursuant to a registration rights agreement dated April 29,
      2025. The holders of