Company: TACOW
Filing Date: 2025-03-21
Form Type: S-1
Source: 0001829126-25-001978
Chunk: 152

Company: Berto Acquisition Corp.
Filing Date: 2025-03-21
Form: S-1
Chunk 152
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<div align='center'>103</div>

| ● | limitations on our ability to borrow additional amounts                                                                   
 for expenses, capital expenditures, acquisitions, debt service requirements, execution of our strategy and other purposes 
 and other disadvantages compared to our competitors who have less debt.                                                   |

As indicated in the accompanying
financial statements, at December 31, 2024, we had a working capital deficit of approximately $963,000. Further, we expect to continue
to incur significant costs in the pursuit of our acquisition plans. We cannot assure you that our plans to raise capital or to complete
our initial business combination will be successful.

Results of Operations and Known Trends or Future Events

We have neither engaged
in any operations nor generated any revenues to date. Our only activities since inception have been organizational activities and
those necessary to prepare for this offering. Following this offering, we will not generate any operating revenues until after
completion of our initial business combination. We expect to generate non-operating income in the form of interest income on cash
and cash equivalents after this offering. After this offering, we expect to incur increased expenses as a result of being a public
company (for legal, financial reporting, accounting and auditing compliance), as well as for due diligence expenses. We expect
our expenses to increase substantially after the closing of this offering.

Liquidity and Capital Resources

Our liquidity needs have
been satisfied prior to the completion of this offering through a capital contribution from our sponsor and its affiliates and
a consultant, Meteora Capital LLC (the “Consultant” or “Meteora”) of $25,000 in exchange for the issuance
of 7,187,500 ordinary shares (the “founder shares”), and up to $300,000 in loans available from our sponsor pursuant
to a promissory note (the “Note”). As of December 31, 2024, we had approximately $34,000 of borrowings under the
Note.

We estimate that the net
proceeds from the sale of the units in this offering of $250,000,000 (or $287,500,000 if the underwriters’ over-allotment option
is exercised in full), the sale of the private placement warrants for an aggregate purchase price of $4,000,000, after deducting offering
expenses of approximately $1,220,000, will be $251,530,000 (or $289,030,000 if the underwriters’ over-allotment