Company: TACOW
Filing Date: 2025-04-18
Form Type: S-1/A
Source: 0001829126-25-002771
Chunk: 73

Company: Berto Acquisition Corp.
Filing Date: 2025-04-18
Form: S-1/A
Chunk 73
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 identify and complete a business combination
and thereafter to operate the post-transaction business or assets for the long term. We do not intend to spend a considerable amount
of time actively managing the assets in the trust account for the primary purpose of achieving investment returns. We do not plan to
buy businesses or assets with a view to resale or profit from their resale. We do not plan to buy unrelated businesses or assets or to
be a passive investor.

We do not believe that our
anticipated principal activities will subject us to the Investment Company Act. To this end, the investment management trust agreement
only permits the proceeds held in the trust account to be held uninvested as cash, in an interest-bearing or non-interest bearing demand
deposit account at a U.S. chartered commercial bank with consolidated assets of $100 billion or more selected by the trustee that is
reasonably satisfactory to us, or invested in United States “government securities” within the meaning of Section 2(a)(16)
of the Investment Company Act having a maturity of 185 days or less or in money market funds meeting certain conditions under Rule 2a-7
promulgated under the Investment Company Act which invest only in direct U.S. government treasury obligations; the holding of these assets
in this form is intended to be temporary and for the sole purpose of facilitating the intended business combination and may at any time
be held uninvested as cash or in an interest-bearing or non-interest bearing demand deposit account at a U.S. chartered commercial bank
with consolidated assets of $100 billion or more selected by the trustee that is reasonably satisfactory to us. Pursuant to the investment
management trust agreement, the trustee will not be permitted to invest in other securities or assets. By restricting the investment
of the proceeds in this manner, and by focusing our directors’ and officers’ time toward, and operating our business for
the purpose of, acquiring and growing businesses for the long term (rather than buying and selling businesses in the manner of a merchant
bank or private equity fund or investing in assets for the purpose of achieving

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investment returns on such assets), we intend
to avoid being deemed an “investment company” within the meaning of the Investment Company Act. The offering is not intended
for persons who are seeking a return on investments in government securities or investment securities. Instead, the trust account will
be intended as a holding place for funds pending the earliest to occur of either: (i) the completion