Company: TACOW
Filing Date: 2025-04-15
Form Type: S-1/A
Source: 0001829126-25-002650
Chunk: 285

Company: Berto Acquisition Corp.
Filing Date: 2025-04-15
Form: S-1/A
Chunk 285
---
-market election or a qualified
electing fund (“QEF”) election for our first taxable year as a PFIC in which the U.S. Holder held (or was deemed to hold)
ordinary shares, as described below, such U.S. Holder generally will be subject to special rules with respect to (i) any gain recognized
by the U.S. Holder on the sale or other disposition of its ordinary shares or warrants (which may include gain realized by reason of
transfers of ordinary shares or warrants that would otherwise qualify as nonrecognition transactions for U.S. federal income tax purposes)
and (ii) any “excess distribution” made to the U.S. Holder (generally, any distributions to such U.S. Holder during a taxable
year of the U.S. Holder that are greater than 125% of the average annual distributions received by such U.S. Holder in respect of the
ordinary shares during the three preceding taxable years of such U.S. Holder or, if shorter, the portion of such U.S. Holder’s
holding period for the ordinary shares that preceded the taxable year of the distribution) (together, the “excess distribution
rules”).

<div align='center'>188</div>

Under these excess distribution
rules:

| ● | the U.S. Holder’s gain or excess distribution will be                                        
 allocated ratably over the U.S. Holder’s holding period for the ordinary shares or warrants; |

| ● | the amount allocated to the U.S. Holder’s taxable year                                                                          
 in which the U.S. Holder recognized the gain or received the excess distribution, or to the period in the U.S. Holder’s holding 
 period before the first day of our first taxable year in which we are a PFIC, will be taxed as ordinary income;                 |

| ● | the amount allocated to other taxable years (or portions thereof)                                                                  
 of the U.S. Holder and included in its holding period will be taxed at the highest tax rate in effect for that year and applicable 
 to the U.S. Holder without regard to the U.S. Holder’s other items of income and loss for such year; and                           |

| ● | an additional amount equal to the interest charge generally                                                                           
 applicable to underpayments of tax will be imposed on the U.S. Holder with respect to the tax attributable to each such other taxable 
 year of the U.S. Holder.                                                                                                              |

In general, if we are determined
to be a PFIC, a U.S. Holder may