Company: TACOW
Filing Date: 2025-02-10
Form Type: DRS
Source: 0001829126-25-000836
Chunk: 302

Company: Berto Acquisition Corp.
Filing Date: 2025-02-10
Form: DRS
Chunk 302
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 TO FINANCIAL STATEMENTS

DECEMBER 31, 2024</div>

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 December 31, 2024, the Company had not yet commenced operations. All activity for the period from July 15, 2024 (inception) through December 31, 2024 relates to the Company’s formation and the proposed initial public offering (“Proposed 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 Proposed 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”).

Proposed Financing

The Company’s ability to commence operations is contingent upon obtaining adequate financial resources
through the Proposed Public Offering (see Note 3) of 25,000,000 units (the “Units”) (or 28,750,000 Units if the underwriters’ over-allotment option is exercised in full) at $10.00 per unit, and the sale of 7,750,000 Private Placement Warrants, irrespective of whether the overallotment is exercised, (of which the Sponsor and the underwriter of the Proposed Public Offering will purchase
4,000,000 and 3,750,000 Private Placement Warrants, respectively) (“Private Placement Warrants”) at a price of $1.00 per Private Placement Warrant in
a private placement that will close simultaneously with the Proposed Public Offering (see Note 4). Each Unit consists of