Company: TACOW
Filing Date: 2025-06-12
Form Type: 10-Q
Source: 0001829126-25-004454
Chunk: 56

Company: Berto Acquisition Corp.
Filing Date: 2025-06-12
Form: 10-Q
Item: Part I, Item 2
Chunk 56
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 in trade and tariff policies could
      prevent or make it difficult or more expensive for us to complete an Initial Business Combination. Tariffs and threats of tariffs
      and other potential trade policy changes could also lead to material adverse effects on a post-business combination company.

25

Item
      2. Unregistered Sales of Equity Securities and Use of Proceeds

Unregistered
      Sales

On
      May 1, 2025, we consummated our Initial Public Offering of 30,015,000 Units at $10.00 per Unit, including the issuance of
      3,915,000 Units as a result of the underwriters’ full exercise of their over-allotment option, generating gross proceeds
      to the Company of $300,150,000. Cohen & Company Capital Markets, a division of J.V.B. Financial Group, LLC, and Needham &
      Company, LLC acted as representatives of the underwriters. The securities sold in the offering were registered under the Securities
      Act on registration statement on Form S-1 (No. 333- 286835). The SEC declared the registration statement effective on April 29,
      2025.

Simultaneously
      with the consummation of the Initial Public Offering, on May 1, 2025, we consummated the private sale of an aggregate of 3,500,000
      Sponsor Private Placement Warrants to the Sponsor at a purchase price of $1.00 per warrant, generating gross proceeds of $3,500,000.
      Additionally, on May 1, 2025, simultaneously with the closing, the Company issued an aggregate of 3,750,000 Underwriter Private
      Placement Warrants to designees of the Representatives as part of the compensation for underwriting services. The Warrants cannot
      be exercised until 30 days after the completion of our Initial Business Combination. Each Private Placement is exercisable to purchase
      one Ordinary Share at a price of $10.50 per share within the first 12 months following the closing of an Initial Business Combination
      or $11.50 per share after the 12-month anniversary of the closing of the Initial Business Combination.

The
      sales of the above securities by the Company were exempt from registration in reliance on Section 4(a)(2) of the Securities
      Act as transactions by an issuer not involving a public offering.

Use
      of Proceeds

We
      incurred transaction costs amounting to