Company: TACOW
Filing Date: 2025-06-12
Form Type: 10-Q
Source: 0001829126-25-004454
Chunk: 14

Company: Berto Acquisition Corp.
Filing Date: 2025-06-12
Form: 10-Q
Item: Part I, Item 1
Chunk 14
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 the same as basic loss per share for the period presented.
       
      Recent
      Accounting Standards
       
      In
      November 2023, the FASB issued ASU 2023-07, “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures.”
      The amendments in this ASU require disclosures, on an annual and interim basis, of significant segment expenses that are regularly
      provided to the chief operating decision maker (“CODM”), as well as the aggregate amount of other segment items included
      in the reported measure of segment profit or loss. The ASU requires that a public entity disclose the title and position of the
      CODM and an explanation of how the CODM uses the reported measure(s) of segment profit or loss in assessing segment performance
      and deciding how to allocate resources. Public entities will be required to provide all annual disclosures currently required by
      Topic 280 in interim periods, and entities with a single reportable segment are required to provide all the disclosures required
      by the amendments in this ASU and existing segment disclosures in Topic 280. This ASU is effective for fiscal years beginning after
      December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, with early adoption permitted.
      The Company adopted ASU 2023-07 on January 1, 2025.
       
      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 unaudited condensed financial statements.

Note
      3 — Initial Public Offering
       
      On
      May 1, 2025, the Company consummated its Initial Public Offering of 30,015,000 Units, including the issuance of 3,915,000
      Units as a result of the underwriters’ full exercise of their over-allotment option, at $10.00 per Unit, generating gross
      proceeds of $300.15 million, and incurring offering costs of approximately $17.8 million, of which approximately $11.7 million
      was for deferred underwriting commissions (see Note 6).
       
      Each
      Unit consists of one Public Share and one-half of one Public Warrants. Each whole Warrant, when exercisable, entitles the holder
      thereof to purchase one ordinary share at a price of $10