Company: TACOW
Filing Date: 2025-06-12
Form Type: 10-Q
Source: 0001829126-25-004454
Chunk: 6

Company: Berto Acquisition Corp.
Filing Date: 2025-06-12
Form: 10-Q
Item: Part I, Item 1
Chunk 6
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 Combination, the Company will complete the Initial Business Combination only if it is approved by an ordinary
      resolution under Cayman Islands law, which requires the affirmative vote of at least a majority of the votes cast by the shareholders
      of the issued shares present in person or represented by proxy and entitled to vote on such matter at a general meeting of the
      Company.

    6

BERTO ACQUISITION CORP.
NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS
MARCH 31, 2025

      The
      Sponsor, Consultant (as defined in Note 5), and any other holder of the Founder Shares (as defined in Note 5) prior to the Initial
      Public Offering (the “Initial Shareholders”), officers and directors, have entered into a letter agreement with the
      Company, pursuant to which they agreed to vote in favor of the Initial Business Combination and waive their redemption rights with
      respect to any Founder Shares they hold and any Public Shares the Sponsor, Sponsor’s affiliates, officers and directors may
      acquire during or after this offering in connection with the completion of the Initial Business Combination.
       
      The
      Company’s articles also provide 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 the prior consent of the Company.
       
      Pursuant
      to the Company’s amended and restated memorandum and articles of association (the “articles”) if the Company
      is 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”), the Company 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