Company: TACOW
Filing Date: 2025-04-09
Form Type: S-1/A
Source: 0001829126-25-002484
Chunk: 150

Company: Berto Acquisition Corp.
Filing Date: 2025-04-09
Form: S-1/A
Chunk 150
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debt securities, it could result in:

| ● | default and foreclosure on our assets if our operating                                         
 revenues after an initial business combination are insufficient to repay our debt obligations; |

| ● | acceleration of our obligations to repay the indebtedness                                                                
 even if we make all principal and interest payments when due if we breach certain covenants that require the maintenance 
 of certain financial ratios or reserves without a waiver or renegotiation of that covenant;                              |

| ● | our immediate payment of all principal and accrued           
 interest, if any, if the debt security is payable on demand; |

| ● | our inability to obtain necessary additional financing                                                                           
 if the debt security contains covenants restricting our ability to obtain such financing while the debt security is outstanding; |

| ● | our inability to pay dividends on our ordinary shares; |

| ● | using a substantial portion of our cash flow to pay                                                                         
 principal and interest on our debt, which will reduce the funds available for dividends on our ordinary shares if declared, 
 expenses, capital expenditures, acquisitions and other general corporate purposes;                                          |

| ● | limitations on our flexibility in planning for and                           
 reacting to changes in our business and in the industry in which we operate; |

| ● | increased vulnerability to adverse changes in general                                           
 economic, industry and competitive conditions and adverse changes in government regulation; and |

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| ● | limitations on our ability to borrow additional amounts                                                                   
 for expenses, capital expenditures, acquisitions, debt service requirements, execution of our strategy and other purposes 
 and other disadvantages compared to our competitors who have less debt.                                                   |

As indicated in the accompanying
financial statements, at December 31, 2024, we had a working capital deficit of approximately $963,000. Further, we expect to continue
to incur significant costs in the pursuit of our acquisition plans. We cannot assure you that our plans to raise capital or to complete
our initial business combination will be successful.

Results of Operations and Known Trends or Future Events

We have neither engaged
in any operations nor generated any revenues to date. Our only activities since inception have been organizational activities and
those necessary to prepare for this offering. Following this offering, we will not generate any operating revenues until after
completion of our initial business combination. We expect to generate non-operating income in the form of interest income on cash
and cash equivalents after this offering. After this offering, we expect to incur increased expenses as a result of being a public