Company: TACOW
Filing Date: 2025-03-21
Form Type: S-1
Source: 0001829126-25-001978
Chunk: 237

Company: Berto Acquisition Corp.
Filing Date: 2025-03-21
Form: S-1
Chunk 237
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 such shareholder or any other
person with whom such shareholder is acting in concert or as a “group” (as defined under Section 13 of the Exchange
Act), will be restricted from redeeming its shares with respect to Excess Shares, without our prior consent. However, we would not be
restricting our shareholders’ ability to vote all of their shares (including Excess Shares) for or against our initial business
combination. Our shareholders’ inability to redeem the Excess Shares will reduce their influence over our ability to complete our
initial business combination, and such shareholders could suffer a material loss in their investment if they sell such Excess Shares
on the open market. Additionally, such shareholders will not receive redemption distributions with respect to the Excess Shares if we
complete our initial business combination. And, as a result, such shareholders will continue to hold that number of shares exceeding
15% and, in order to dispose such shares would be required to sell their shares in open market transactions, potentially at a loss.

If we seek shareholder approval
in connection with our initial business combination, our initial shareholders, sponsor, officers and directors have agreed to vote any
founder shares they hold and any public shares purchased during or after this offering in favor of our initial business combination.
As a result, in addition to our initial shareholders’ founder shares, we would need 9,375,001 or 37.5% of the 25,000,000 public
shares sold in this offering to be voted in favor of an initial business combination in order to have our initial business combination
approved (assuming all outstanding shares are voted, the over-allotment option is not exercised and the parties to the letter agreement
do not acquire any public shares). Assuming that only the holders of one-third of our issued and outstanding ordinary shares, representing
a quorum under our articles, vote their shares at a general meeting of the company, we will not need any public shares in addition to
our founder shares to be voted in favor of an initial business combination in order to approve an initial business combination. However,
if our initial business combination is structured as a statutory merger or consolidation with another company under Cayman Islands law,
a special resolution, passed by the affirmative vote of at least two-thirds of the votes cast by the shareholders of the issued shares
represented in person or represented by proxy and entitled to vote on such matter at a general meeting of the company and are voted at
a general meeting of the company will need to be passed by