Company: TACOW
Filing Date: 2025-04-18
Form Type: S-1/A
Source: 0001829126-25-002771
Chunk: 329

Company: Berto Acquisition Corp.
Filing Date: 2025-04-18
Form: S-1/A
Chunk 329
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. As a result, diluted loss per share
is the same as basic loss per share for the period presented.

<div align='center'>F-12

BERTO ACQUISITION CORP.

NOTES TO FINANCIAL STATEMENTS

DECEMBER 31, 2024</div>

Recent Accounting Standards

In November 2023, the FASB issued Accounting Standards
Update (“ASU”) 2023-07, “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures”. The
amendments in this ASU expand public entities’ segment disclosures by requiring disclosure of significant segment expenses that
are regularly provided to the Chief Operating Decision Maker and included within each reported measure of segment profit or loss, an
amount and description of its composition for other segment items, and interim disclosures of a reportable segment’s profit or
loss and assets. The Company adopted ASU 2023-07, which did not have a material impact on the financial statements.

Management does not believe that any other recently
issued, but not yet effective, accounting pronouncements, if currently adopted, would have a material effect on the Company’s financial
statements.

Note 3 — Proposed Public Offering

Pursuant to the Proposed Public Offering, the
Company intends to offer for sale up to 25,000,000 Units at a price of $10.00 per unit for a total of $250.0 million (or 28,750,000
Units at a price of $10.00 per unit for a total of $287.5 million if the underwriters’ over-allotment option is exercised
in full). Each Unit consists of one Public Share and one-half of one warrant. Each whole Public Warrant, when exercisable, entitles
the holder thereof to purchase one ordinary share at a price of $10.50 per share within the first 12 months following the closing
of an Initial Business Combination or $11.50 per share after the 12-month anniversary of the closing of the Initial Business Combination,
subject to adjustments (see Note 7).

The Company expects to grant the underwriters
a 45-day option to purchase up to 3,750,000 additional Units to cover any over-allotments at the Proposed Public Offering price
less the underwriting discounts and commissions. The Units that would be issued in connection with the over-allotment option would
be identical to the Units issued in the Proposed Public Offering.

Note 4 —