Company: TACOW
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001829126-25-009131
Chunk: 13

Company: Berto Acquisition Corp.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 13
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 fair value hierarchy based on the lowest level input that is significant to the fair value measurement. 

The following tables set forth the fair value of the Company’s financial assets and liabilities measured at fair value on a recurring basis as of September 30, 2025:

    Schedule of fair value on a recurring basis

    Description
     
    Quoted Prices in Active Markets (Level 1)

    Significant Other Observable Inputs  (Level 2)

    Significant Other Unobservable Inputs  (Level 3)

    Assets:

    Investments held in Trust Account - U.S. Treasury Securities (1)
     
    $
    305,577,225

    $
    -

    $
    -

    (1)
    
    Includes approximately $1,600 of cash balance held within the Trust Account.

There were no transfers between Level 1, Level 2, or Level 3 of the fair value hierarchy during the three and nine months ended September 30, 2025.

 There were no financial assets or liabilities measured at fair value on a recurring basis as of December 31, 2024.

Ordinary Shares Subject to Possible Redemption 

As discussed in Note 1, all of the 30,015,000 Public Shares contain a redemption feature. In accordance with the FASB ASC 480-10-S99-3A, “Classification and Measurement of Redeemable Securities”, redemption provisions not solely within the control of the Company require the security to be classified outside of permanent equity. Ordinary liquidation events, which involve the redemption and liquidation of all of the entity’s equity instruments, are excluded from the provisions of ASC 480. The Company classified all of the Public Shares as redeemable. Immediately upon the closing of the Initial Public Offering, the Company recognized a one-time charge against additional paid-in capital (to the extent available) and accumulated deficit for the difference between the initial carrying value of the Public Shares and the redemption value.

    11

BERTO ACQUISITION CORP. NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS SEPTEMBER 30, 2025

As of September 30, 2025, the amount of Public Shares reflected on the unaudited condensed balance sheet is reconciled in the following table:

    Schedule of Public Shares reflected on the balance sheet

    Public Shares subject to possible redemption - December 31, 2024
     
    $
    -

    Plus:

    Gross proceeds

    300,150,000