Company: TACOW
Filing Date: 2025-06-12
Form Type: 10-Q
Source: 0001829126-25-004454
Chunk: 32

Company: Berto Acquisition Corp.
Filing Date: 2025-06-12
Form: 10-Q
Item: Part I, Item 1
Chunk 32
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 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 Securities Exchange
      Act of 1934, as amended (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 our amended and restated memorandum and articles of association (the “articles”) if we are unable to complete the
      Initial Business Combination within 24 months from the closing of the Initial Public Offering, or May 1, 2027 (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 have 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