Company: TACOW
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001829126-25-006209
Chunk: 49

Company: Berto Acquisition Corp.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 2
Chunk 49
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 Business Combination and waive their redemption rights with respect to any Founder Shares they hold and
any Public Shares that our Sponsor, Sponsor’s affiliates, officers and directors may acquire during or after this offering in connection
with the completion of the Initial Business Combination.

Our articles also provides
that a Public Shareholder, together with any affiliate of such shareholder or any other person with whom such shareholder is acting in
concert or as a “group” (as defined under Section 13 of the Exchange Act), will be restricted from redeeming its shares
with respect to more than an aggregate of 15% or more of the Public Shares, without our prior consent.

Pursuant to the articles if we are unable to complete
the Initial Business Combination within the Completion Window, we will (i) cease all operations except for the purpose of winding up,
(ii) as promptly as reasonably possible but no more than ten business days thereafter subject to lawfully available funds therefor, redeem
the Public Shares, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account including
interest earned held in the Trust Account (which interest shall be net of taxes and up to $100,000 of interest to pay dissolution expenses),
divided by the number of then outstanding Public Shares, which redemption will completely extinguish the holders’ rights as shareholders
(including the right to receive further liquidating distributions, if any), subject to applicable law, and (iii) as promptly as reasonably
possible following such redemption, subject to the approval of our remaining shareholders and our board of directors, liquidate and dissolve,
subject in each case to our obligations under Cayman Islands law to provide for claims of creditors and the requirements of other applicable
law. The Initial Shareholders have entered into agreements with our company pursuant to which they agreed to waive their rights to liquidating
distributions from the Trust Account with respect to any founder shares held by them if we fail to complete the Initial Business Combination
within the Completion Window. However, if the Initial Shareholders acquire Public Shares in or after the Initial Public Offering, they
will be entitled to liquidating distributions from the Trust Account with respect to such shares if we fail to complete the Initial Business
Combination within the prescribed time period.

22

Liquidity and Capital Resources

As of June 30, 2025, we had approximately $361,000 in cash and a working capital of approximately $392,000.

Our liquidity needs through June 30, 202