Company: TACOW
Filing Date: 2025-06-12
Form Type: 10-Q
Source: 0001829126-25-004454
Chunk: 60

Company: Berto Acquisition Corp.
Filing Date: 2025-06-12
Form: 10-Q
Item: Part I, Item 4
Chunk 60
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 Combination.

There
      have recently been significant changes to international trade policies and tariffs affecting imports and exports. The U.S. has
      implemented a range of new tariffs and increases to existing tariffs, and, in response to the tariffs announced by the U.S., other
      countries have imposed new or increased tariffs on certain exports from the United States. There is currently significant uncertainty
      about the future relationship between the United States and other countries with respect to trade policies, government regulations
      and tariffs. We cannot predict whether, and to what extent, current tariffs will continue or trade policies will change in the
      future. Any significant increases in tariffs on goods or materials or other changes in trade policy, or the perception that such
      changes could occur, could negatively affect our search for a Business Combination target and/or our ability to complete our Initial
      Business Combination. For example, if we pursue a target company which sources or manufactures material components outside of the
      U.S., these changes could materially impact such target company’s business and financial performance. Similarly, if we pursue
      a target company which exports products outside of the U.S., retaliatory tariff and trade measures imposed by other countries could
      affect such target’s ability to export products and therefore adversely affect its sales. We may not be able to adequately
      address the risks presented by these tariffs or other potential trade policy changes. As a result, we may deem it costly, impractical
      or risky to complete an Initial Business Combination with a particular target or with a target in a particular industry or from
      a particular country. Consequently, the pool of potential target companies may be reduced, which could impair our ability to identify
      a suitable target and to complete an Initial Business Combination. The business prospects of a particular target for an Initial
      Business Combination could change even after we enter into a business combination agreement, as a result of tariffs or the threat
      of tariffs that may have a material impact on that target’s business. Accordingly, changes in trade and tariff policies could
      prevent or make it difficult or more expensive for us to complete an Initial Business Combination. Tariffs and threats of tariffs
      and other potential trade policy changes could also lead to material adverse effects on a post-business combination company.

25

Item
      2. Unregistered Sales of Equity Securities and Use of Proceeds

Unregistered
      Sales

On
      May 1, 2025, we consummated our Initial Public Offering of 30