Company: TACOW
Filing Date: 2025-04-09
Form Type: S-1/A
Source: 0001829126-25-002484
Chunk: 116

Company: Berto Acquisition Corp.
Filing Date: 2025-04-09
Form: S-1/A
Chunk 116
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 Securities Act and we effect with our sponsor
a share dividend or other appropriate mechanism, as applicable, with respect to our ordinary shares immediately prior to the consummation
of the offering in such amount as to maintain the ownership of founder shares by our initial shareholders at 20% of our issued and outstanding
ordinary shares upon the consummation of this offering.

While we are offering our ordinary
shares at an offering price of $10.00 per share and the amount in our trust account is initially anticipated to be $10.00 per public
share, implying an initial value of $10.00 per public share, our initial shareholders, prior to this offering, paid only a nominal aggregate
purchase price of $25,000 for 7,187,500 founder shares (including 937,500 founder shares subject to forfeiture by our sponsor and sponsor
affiliates if the over-allotment option is not exercised in full or in part by the underwriters), or approximately $0.003 per share.
As a result, the value of your public shares may be significantly diluted upon the consummation of our initial business combination,
when the founder shares are converted into public shares.

For example, the following
table shows the dilutive effect of the founder shares on the implied value of the public shares upon the consummation of our initial business
combination assuming that our equity value at that time is $250,000,000, which is the amount we would have for our initial business combination
in the trust account assuming the underwriters’ over-allotment option is not exercised, this offering is not upsized, no interest
is earned on the funds held in the trust account, and no public shares are redeemed in connection with our initial business combination.
At such valuation, each of our ordinary shares would have an implied value of $8.00 per share upon consummation of our initial business
combination, which is a 20.0% decrease as compared to the initial implied value per public share of $10.00.

| Public shares                             
 Founder shares                            
 Total shares                              |     |   |  25,000,000 
   6,250,000 
  31,250,000 |
|:------------------------------------------|:----|:--|------------:|
| Total funds in trust available for        
 initial business combination(1)           |     | $ | 250,000,000 |
| Implied value per share upon consummation 
 of initial business combination(1