Company: TACOW
Filing Date: 2025-03-21
Form Type: S-1
Source: 0001829126-25-001978
Chunk: 172

Company: Berto Acquisition Corp.
Filing Date: 2025-03-21
Form: S-1
Chunk 172
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 number of then issued and outstanding public shares, subject to the limitations and on the conditions described
herein and applicable law. Our initial shareholders will lose their entire investment in us, except to the extent they are entitled to
receive distributions on the shares they own from assets outside the trust account, if any, upon our liquidation and winding up, if our
initial business combination is not completed within the completion window unless we extend the amount of time we have to consummate
an initial business combination by obtaining shareholder approval to amend our amended and restated memorandum and articles of association.
While we do not currently intend to seek such shareholder approval, we may elect to do so in the future. There are no limitations on
the number of extensions, including the number of times we may seek to extend. If we do not or are unable to extend the time period to
consummate our initial business combination, our sponsor’s investment in our founder shares and our private placement warrants
will be worthless.

If we are unable to complete our initial business combination within the completion window, we will as promptly as reasonably possible but not more than ten business days thereafter, subject to lawfully available funds, redeem 100% of the public shares at a per share price, payable in cash, equal to the aggregate amount then on deposit in the trust account, including interest earned on the funds held in the trust account (which interest shall be net of taxes paid or payable and up to $100,000 of interest to pay dissolution expenses), divided by the number of then issued and outstanding public shares, subject to applicable law and certain conditions as further described herein. We expect the pro rata redemption price to be approximately $10.00 per public share (regardless of whether or not the underwriters exercise their over-allotment option), without taking into account any interest or other income earned on such funds. However, we cannot assure you that we will in fact be able to distribute such amounts as a result of claims of creditors, which may take priority over the claims of our public shareholders.

Nasdaq rules require that we
must complete one or more business combinations having an aggregate fair market value of at least 80% of the value of the trust account
(excluding any deferred underwriters fees and taxes payable on the income earned on the trust account) at the time of the agreement to
enter into the initial business combination. Our board of directors will make the determination as to the fair market value of our initial
business combination. If our board of directors is