Company: TACOW
Filing Date: 2025-04-15
Form Type: S-1/A
Source: 0001829126-25-002650
Chunk: 238

Company: Berto Acquisition Corp.
Filing Date: 2025-04-15
Form: S-1/A
Chunk 238
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 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 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 the votes cast by the shareholders of the issued shares
represented in person or represented by proxy and entitled to vote on such matter at a general meeting of the company and are voted at
a general meeting of the company will need to be passed by our shareholders approving a plan of merger. Additionally, each public shareholder
may elect to redeem their public shares irrespective of whether they vote for or against the proposed transaction or whether they do
not vote or abstain from voting on the proposed transaction, or whether they were a public shareholder on the record date for the general
meeting held to approve the proposed transaction.

Pursuant to our articles, if
we are unable to complete our initial business combination within 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, 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 on the funds held in the trust account (which interest shall be net of taxes paid or payable
and up to $100,000 to pay dissolution expenses), divided by the number of then issued and outstanding public shares, which redemption
will constitute full and complete payment and completely extinguish public shareholders’ rights as shareholders (including the
right to receive further liquidation distribution or other 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