Company: TACOW
Filing Date: 2025-04-15
Form Type: S-1/A
Source: 0001829126-25-002650
Chunk: 118

Company: Berto Acquisition Corp.
Filing Date: 2025-04-15
Form: S-1/A
Chunk 118
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.67.                                 |
| (3) | The total investment of the sponsor and sponsor affiliates in the equity of the company, inclusive                                        
 of the founder shares and the sponsor’s $3,500,000 investment in the private placement warrants, is $3,523,956.52.                        |

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Upon the closing of this offering,
our sponsor (including sponsor affiliates) will have invested in us an aggregate of $3,523,956.52, comprised of the $23,956.52 purchase
price for the founder shares and the $3,500,000 purchase price for the private placement warrants. Assuming a trading price of $10.00
per share upon consummation of our initial business combination, the 6,250,000 founder shares (assuming no exercise of the overallotment
option and the forfeiture of 937,500 founder shares) would have an aggregate implied value of $62,500,000. Assuming no additional shares
are issued upon exercise of any warrants held by the sponsor, even if the trading price of our ordinary shares were as low as $0.59 per
share, the value of the founder shares would be equal to the initial investment of the sponsor (including sponsor affiliates) in us. As
a result, our sponsor and sponsor affiliates are likely to be able to make a substantial profit on its investment in us at a time when
our public shares have lost significant value. Accordingly, our management team, which owns interests in our sponsor and includes member
directly owns founder shares, may be more willing to pursue a business combination with a riskier or less-established target business
than would be the case if our sponsor and sponsor affiliates had paid the same per share price for the founder shares as our public shareholders
paid for their public shares.

You will not be permitted to exercise your warrants unless we register and qualify the underlying ordinary shares or certain exemptions are available.

If the issuance of the ordinary
shares upon exercise of the warrants is not registered, qualified or exempt from registration or qualification under the Securities Act
and applicable state securities laws, holders of warrants will not be entitled to exercise such warrants and such warrants may have no
value and expire worthless. In such event, holders who acquired their warrants as part of a purchase of units will have paid the full
unit purchase price solely for the ordinary shares included in the units.

We are registering the ordinary
shares issuable upon exercise of the warrants in the registration statement of which this