Company: TACOW
Filing Date: 2025-03-21
Form Type: S-1
Source: 0001829126-25-001978
Chunk: 233

Company: Berto Acquisition Corp.
Filing Date: 2025-03-21
Form: S-1
Chunk 233
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 The following
description summarizes certain terms of our capital stock as set out more particularly in our articles. Because it is only a summary,
it may not contain all the information that is important to you.

Units

Each unit has an offering price
of $10.00 and consists of one ordinary share and one-half of one redeemable warrant. Each whole 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
adjustment as described in this prospectus. Pursuant to the warrant agreement, a warrant holder may exercise its warrants only for a
whole number of the company’s ordinary shares. This means only a whole warrant may be exercised at any given time by a warrant
holder. For example, if a warrant holder holds one-half of one warrant to purchase an ordinary share, such warrant will not be exercisable.
If a warrant holder holds two-halves of one warrant, such whole warrant will be exercisable for one ordinary share at the applicable
exercise price. The ordinary shares and warrants comprising the units are expected to begin separate trading on the 52nd day following
the date of this prospectus unless CCM informs us of its decision to allow earlier separate trading, subject to our having filed the
Current Report on Form 8-K described below and having issued a press release announcing when such separate trading will begin. Once the
ordinary shares and warrants commence separate trading, holders will have the option to continue to hold units or separate their units
into the component securities. Holders will need to have their brokers contact our transfer agent in order to separate the units into
ordinary shares and warrants. No fractional warrants will be issued upon separation of the units and only whole warrants will trade.
Accordingly, unless you purchase at least two units, you will not be able to receive or trade a whole warrant.

Ordinary Shares

Prior to the date of this prospectus,
there were 7,187,500 ordinary shares outstanding, all of which were held of record by our initial shareholders, so that our initial shareholders
will own 20% of our issued and outstanding shares after this offering (assuming our initial shareholders do not purchase any units in
this offering and not including the ordinary shares underlying the private placement warrants).

Up to 937,500 of the