Company: TACOW
Filing Date: 2025-06-12
Form Type: 10-Q
Source: 0001829126-25-004454
Chunk: 2

Company: Berto Acquisition Corp.
Filing Date: 2025-06-12
Form: 10-Q
Item: Part I, Item 1
Chunk 2
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MARCH 31, 2025

Note
      1 — Description of Organization and Business Operations
       
      Organization
      and General
       
      Berto
      Acquisition Corp. (the “Company”) was incorporated as a Cayman Islands exempted company on July 15, 2024 (the
      inception date). The Company was incorporated for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition,
      share purchase, reorganization or similar business combination with one or more businesses that the Company has not yet identified
      (the “Initial Business Combination”). The Company is an “emerging growth company,” as defined in Section 2(a)
      of the Securities Act of 1933, as amended, or the “Securities Act”, as modified by the Jumpstart Our Business Startups
      Act of 2012 (the “JOBS Act”).
       
      As
      of March 31, 2025, the Company had not yet commenced operations. All activity for the period from July 15, 2024 (inception)
      through March 31, 2025 relates to the Company’s formation and the initial public offering (“Initial Public Offering”),
      which is described below. The Company will not generate any operating revenues until after the completion of its Initial Business
      Combination, at the earliest. The Company will generate non-operating income in the form of interest income from the proceeds derived
      from the Initial Public Offering. The Company has selected December 31 as its fiscal year end.
       
      The
      Company’s sponsor is Berto Acquisition Sponsor LLC, a Cayman Islands limited liability company (the “Sponsor”).
       
      Financing
      Activities
       
      The
      registration statement for the Company’s Initial Public Offering was declared effective on April 29, 2025. On May 1,
      2025, the Company consummated its Initial Public Offering (see Note 3) of 30,015,000 units (the “Units” and, with respect
      to the ordinary shares included in the Units being offered, the “Public Shares”), including the issuance of 3,915,000
      Units as a result of the underwriters’ full exercise of their over-allotment option, at $10.00 per Unit, generating gross
      proceeds of $300.15 million, and incurring offering costs of approximately $17.8 million,