Company: TACOW
Filing Date: 2025-04-15
Form Type: S-1/A
Source: 0001829126-25-002650
Chunk: 58

Company: Berto Acquisition Corp.
Filing Date: 2025-04-15
Form: S-1/A
Chunk 58
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 will be made by us, solely in our discretion, and will be based on a variety of factors, such as the timing of the
transaction and whether the terms of the transaction would otherwise require us to seek shareholder approval. Even if we seek shareholder
approval, the holders of our founder shares will participate in the vote on such approval. Accordingly, we may complete our initial business
combination even if a majority of our public shareholders do not approve of the business combination we complete. Please see the section
entitled “Proposed Business — Shareholders May Not Have the Ability to Approve Our Initial Business Combination”
for additional information.

If we seek shareholder approval of our initial business combination, our initial shareholders and management team have agreed to vote in favor of such initial business combination, regardless of how our public shareholders vote.

Our initial shareholders will
own 20% of our outstanding ordinary shares immediately following the completion of this offering. Our initial shareholders and management
team also may from time-to-time purchase ordinary shares prior to our initial business combination. Our articles provide that, if we
seek shareholder approval of an initial business combination, such initial business combination will be approved if we receive the affirmative
vote of at least a majority of the voted at such meeting of the company. As a result, in addition to our initial shareholders’
founder shares, we would need 9,375,001 or 37.5% of the 25,000,000 public shares sold in this offering to be voted in favor of an initial
business combination in order to have our initial business combination approved (assuming all outstanding shares are voted, the over-allotment
option is not exercised and the parties to the letter agreement do not acquire any public shares). Assuming that only the holders of
one-third of our issued and outstanding ordinary shares, representing a quorum under our articles, vote their ordinary shares at a general
meeting of the company, we will not need any public shares in addition to our founder shares to be voted in favor of an initial business
combination in order to approve an initial business combination. However, if our initial business combination is structured as a statutory
merger or consolidation with another company under Cayman Islands law, a special resolution passed by the affirmative vote of at least
two-thirds of our ordinary shares which are represented in person or by proxy and are voted at a general meeting of the company will
need to be passed by our shareholders approving a plan of merger. Accordingly, if we seek shareholder approval of our initial business