Company: TACOW
Filing Date: 2025-03-21
Form Type: S-1
Source: 0001829126-25-001978
Chunk: 331

Company: Berto Acquisition Corp.
Filing Date: 2025-03-21
Form: S-1
Chunk 331
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arrants at the price of $1.00 per warrant as discussed in Note 4).

Consulting Agreement

On November 11, 2024, the Company entered
into a consulting agreement with Meteora, pursuant to which Meteora provided consulting, advisory and related services to Company
with respect to general special purpose acquisition company structuring and capital markets matters.

The Company agreed to (i) sell 300,000 Founder
Shares to Meteora for an aggregate purchase price of $1,043, and (ii) pay to Meteora a consulting fee of $500,000 payable upon
the closing of the Proposed Public Offering. The Company estimated the fair value of such shares of $150,000 based on Monte Carlo
simulation model and recognized stock-based compensation expenses for such services within Deferred Offering Costs in the accompanying
balance sheet.

Note 7 — Shareholders’ Deficit

Preference Shares

The Company is authorized to issue 5,000,000
preferred shares with a par value of $0.001 per share with such designations, voting and other rights and preferences as may be
determined from time to time by the Company’s board of directors. As of December 31, 2024, there were no preferred shares
issued or outstanding.

Ordinary Shares

The Company is authorized to issue 550,000,000
ordinary shares with a par value of $0.001 per share. As of December 31, 2024, there was an aggregate of 7,187,500 shares
issued and outstanding. Of these, up to an aggregate of 937,500 shares are subject to forfeiture depending on the extent to which
the over-allotment option is not exercised by the underwriters so that the Founder Shares will represent 20% of the Company’s
issued and outstanding shares after the Proposed Public Offering.

Ordinary shareholders of record are entitled
to one vote for each share held on all matters to be voted on by shareholders. Unless specified in our articles, or as required
by applicable provisions of the Companies Act or applicable stock exchange rules, the affirmative vote of a majority of our ordinary
shares that are represented in person or by proxy and are voted is required to approve any such matter voted on by our shareholders.
Approval of certain actions will require a special resolution under Cayman Islands law, passed by the affirmative vote of at least
two-thirds of our ordinary shares which are represented in person or represented by proxy and are voted at a general meeting of