Company: TACOW
Filing Date: 2025-04-18
Form Type: S-1/A
Source: 0001829126-25-002771
Chunk: 321

Company: Berto Acquisition Corp.
Filing Date: 2025-04-18
Form: S-1/A
Chunk 321
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 (B) with respect to any other provision relating to the rights of holders of the Public Shares or pre-Initial Business
Combination activity; and (iii) absent an Initial Business Combination within the Combination Period, return of the funds held
in the Trust Account to the Company’s public shareholders as part of the Company’s redemption of the Public Shares
(subject to the requirements of law). The proceeds deposited in the Trust Account could become subject to the claims of the Company’s
creditors, if any, which could have priority over the claims of the holders of the Company’s Public Shares (the “Public
Shareholders”).

Initial Business Combination

The Company’s management has broad discretion
with respect to the specific application of the net proceeds of the Proposed Public Offering and the sale of Private Placement
Warrants, although substantially all of the net proceeds of the Proposed Public Offering are intended to be generally applied toward
consummating an Initial Business Combination. The Initial Business Combination must occur with one or more businesses 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.
However, the Company will only complete a Business Combination if the post-transaction company owns or acquires 50% or more of
the voting securities of the target or otherwise acquires a controlling interest in the target sufficient for it not to be required
to register as an investment company under the Investment Company Act. Furthermore, there is no assurance that the Company will
be able to successfully effect an Initial Business Combination.

The Company provides Public Shareholders with
the opportunity to redeem all or a portion of their Public Shares upon the completion of a Business Combination either (i) in connection
with a shareholders’ meeting called to approve the Business Combination or (ii) by means of a tender offer. The decision
as to whether the Company will seek shareholder approval of a Business Combination or conduct a tender offer will be made by the
Company, solely in its discretion, and will be based on a variety of factors such as the timing of the transaction and whether
the terms of the transaction would require the Company to seek shareholder approval under applicable law or stock exchange listing
requirement. The Public Shareholders will be entitled to redeem their Public Shares for a pro rata portion of the amount then held
in the Trust Account calculated as of two business days prior to the