Company: TACOW
Filing Date: 2025-06-12
Form Type: 10-Q
Source: 0001829126-25-004454
Chunk: 11

Company: Berto Acquisition Corp.
Filing Date: 2025-06-12
Form: 10-Q
Item: Part I, Item 1
Chunk 11
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 condition, situation or set of circumstances that existed at the date of these unaudited condensed financial statements, which
      management considered in formulating its estimate, could change in the near term due to one or more future confirming events. Accordingly,
      the actual results could differ significantly from those estimates.
       
      Deferred
      Offering Costs Associated with the Initial Public Offering
       
      The
      Company complies with the requirements of the ASC 340-10-S99 — “Other Assets and Deferred Costs” — and
      SEC Staff Accounting Bulletin Topic 5A — “Expenses of Offering.” Deferred offering costs consist principally
      of professional and registration fees that were related to the Initial Public Offering. Deferred offering costs associated with
      warrants will be charged to shareholders’ deficit upon the completion of the Initial Public Offering. Deferred offering costs
      associated with the Public Shares will be charged against the carrying value of ordinary shares subject to possible redemption
      upon the completion of the Initial Public Offering.
       
      Financial
      Instruments
       
      The
      fair value of the Company’s assets and liabilities, which qualify as financial instruments under the FASB ASC 820, “Fair
      Value Measurement,” approximates the carrying amounts represented in the balance sheets, primarily due to their short-term
      nature.

    9

BERTO ACQUISITION CORP.
NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS
MARCH 31, 2025

      Fair
      Value Measurements
       
      Fair
      value is defined as the price that would be received for sale of an asset or paid for transfer of liability in an orderly transaction
      between market participants at the measurement date. GAAP establishes a three-tier fair value hierarchy, which prioritizes the
      inputs used in measuring fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for
      identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). These
      tiers include:

            ●
            Level
            1, defined as observable inputs such as quoted prices (unadjusted) for identical instruments in active markets;

            ●
            Level
            2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable such as
            quoted prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets
            that are not active; and