Company: TACOW
Filing Date: 2025-06-12
Form Type: 10-Q
Source: 0001829126-25-004454
Chunk: 36

Company: Berto Acquisition Corp.
Filing Date: 2025-06-12
Form: 10-Q
Item: Part I, Item 1
Chunk 36
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 relating to the Initial Public Offering or our operations or conduct of our business or any claim
      against our Sponsor alleging any expressed or implied management or endorsement by our Sponsor of any of our activities or any
      express or implied association between our Sponsor and us or any of its affiliates, which agreement provides that the indemnified
      parties cannot access the funds held in the Trust Account.

Underwriting
      Agreement

We
      granted the underwriters a 45-day option to purchase up to 3,915,000 additional Units to cover over-allotments at the Initial Public
      Offering price, less the underwriting discounts and commissions. On May 1, 2025, the underwriters fully exercised their over-allotment
      option.

The
      underwriters were entitled to (1) an upfront underwriting fee of an aggregate amount of approximately $1.5 million, paid upon the
      closing of the Initial Public Offering, (2) an aggregate of 3,750,000 Underwriter Private Placement Warrants issued upon the closing
      of the Initial Public Offering, and (3) a deferred underwriting fee of approximately $11.7 million (the “Deferred Fee”).
      The Deferred Fee will become payable to the underwriters from the amounts held in the Trust Account solely in the event that the
      Company completes an Initial Business Combination, subject to the terms of the underwriting agreement and will be based on the
      amount of funds remaining in the Trust Account after shareholder redemptions of Public Shares in connection with the consummation
      of an Initial Business Combination, less funds sourced by Initial Shareholders, or any cash remaining in the Trust Account pursuant
      to structured agreements such as forward purchase agreements, non-redemption agreements, any agreements or arrangements alike,
      or any other incentivization provided to the shareholders to not to redeem.

The
      Underwriter Private Placement Warrants are identical to the Public Warrants and Sponsor Private Placement Warrants, except that
      the Underwriter Private Placement Warrants held by the underwriters or their designees will not be exercisable more than five years
      after the commencement of sales in the Initial Public Offering.

Critical
      Accounting Estimates

The
      preparation of the financial statements and related disclosures in conformity with accounting principles generally accepted in
      the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and
      liabilities, disclosure of contingent assets and liabilities at the date of the unaudited