Company: TACOW
Filing Date: 2025-03-21
Form Type: S-1
Source: 0001829126-25-001978
Chunk: 225

Company: Berto Acquisition Corp.
Filing Date: 2025-03-21
Form: S-1
Chunk 225
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 completion of our initial business combination; (ii) they (including the underlying shares) will be entitled
to registration rights; (iii) they will not be redeemable by us; and (iv) they may be exercised by the holders on a cashless basis. With
respect to any private placement warrants held by CCM and/or their respective designees, such private placement warrants will be subject
to the lock-up and registration rights limitations imposed by FINRA Rule 5110 and will not be exercisable more than five (5) years
from the commencement of sales in this offering in accordance with FINRA Rule 5110(g)(8). A portion of the purchase price of the
private placement warrants will be added to the proceeds from this offering to be held in the trust account such that at the time of
closing of this offering $250,000,000 (or $287,500,000 if the underwriters exercise their over-allotment option in full) will be held
in the trust account. The private placement warrants are subject to the transfer restrictions described below.

Our sponsor is deemed to be our
“promoter”, as such term is defined under the federal securities laws.

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Transfers of Founder Shares and Private Placement Warrants

The founder shares, private placement
warrants and any ordinary shares issued upon exercise thereof are each subject to transfer restrictions pursuant to lock-up provisions
in a letter agreement entered into by our initial shareholders and management team. Those lock-up provisions provide that such securities
are not transferable or salable (i) in the case of the founder shares, until the earlier of (A) one year after the completion of our
initial business combination or (B) subsequent to our initial business combination, (x) if the last sale price of our ordinary shares
equals or exceeds $12.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for
any 20 trading days within any 30-trading day period commencing at least 150 days after our initial business combination, or (y) the
date on which we complete a liquidation, merger, share exchange, reorganization or other similar transaction that results in all of our
shareholders having the right to exchange their ordinary shares for cash, securities or other property, and (ii) in the case of the private
placement warrants and the respective ordinary shares underlying such warrants, until 30 days after the