Company: TACOW
Filing Date: 2025-02-10
Form Type: DRS
Source: 0001829126-25-000836
Chunk: 312

Company: Berto Acquisition Corp.
Filing Date: 2025-02-10
Form: DRS
Chunk 312
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earnings of the Company. As a result, diluted loss per share is the same as basic
loss per share for the period presented.

Recent Accounting Standards

In November 2023, the FASB issued Accounting Standards
Update (“ASU”) 2023-07, "Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures". The amendments
in this ASU expand public entities’ segment disclosures by requiring disclosure of significant segment expenses that are regularly
provided to the Chief Operating Decision Maker and included within each reported measure of segment profit or loss, an amount and description
of its composition for other segment items, and interim disclosures of a reportable segment’s profit or loss and assets. The Company
adopted ASU 2023-07, which did not have a material impact on the financial statements.

Management does not believe that any other recently
issued, but not yet effective, accounting pronouncements, if currently adopted, would have a material effect on the Company’s financial
statements.

Note 3 — Proposed Public Offering

Pursuant to the Proposed Public Offering, the Company intends to offer for sale up to 25,000,000 Units at a price of $10.00 per unit for a total of $250.0 million (or 28,750,000 Units at a price of $10.00 per unit for a total of $287.5 million if the underwriters’ over-allotment option is exercised in full). Each Unit consists of one Public Share and one-half of one warrant. Each whole Public 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 adjustments (see Note 7).

The Company expects to grant the underwriters a 45-day option to purchase up to 3,750,000 additional Units to cover any over-allotments at the Proposed Public Offering price less the underwriting discounts and commissions. The Units that would be issued in connection with the over-allotment option would be identical to the Units issued in the Proposed Public Offering.

<div align='center'>F-12

BERTO ACQUISITION CORP.

NOTES TO FINANCIAL STATEMENTS

DECEMBER 31, 2024</div>

Note 4 — Private