Company: TACOW
Filing Date: 2025-04-09
Form Type: S-1/A
Source: 0001829126-25-002484
Chunk: 148

Company: Berto Acquisition Corp.
Filing Date: 2025-04-09
Form: S-1/A
Chunk 148
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 or the closing of this offering and are anticipated to be repaid upon completion of        
 this offering out of the $720,000 of offering proceeds that has been allocated for the payment of offering expenses other than     
 underwriting commissions. As of December 31, 2024, we had borrowed approximately $34,000 under this promissory note.               |

| (3) | The underwriter’s                                                                                                                   
 over-allotment option is deemed to be a freestanding financial instrument indexed on the shares subject to redemption and will be   
 accounted for as a liability pursuant to ASC 480 if not fully exercised at the time of the initial public offering. The table above 
 assumes that the option has expired with no exercise to purchase additional units, thus the value of over-allotment liability at    
 this point is $0.                                                                                                                   |

| (4) | All of the 25,000,000 ordinary                                                                                                          
 shares sold as part of the units in the offering contain a redemption feature which allows for the redemption of such public shares     
 in connection with our liquidation, if there is a shareholder vote or tender offer in connection with our initial business combination  
 and in connection with certain amendments to our amended and restated articles of organization. In accordance with SEC and its guidance 
 on redeemable equity instruments, which has been codified in ASC 480-10-S99, redemption provisions not solely within the control        
 of a company require ordinary shares subject to possible redemption to be classified outside of permanent equity. Given that the        
 25,000,000 ordinary shares sold as part of the units in the offering will be issued with other freestanding instruments (i.e., public   
 warrants), the initial carrying value of ordinary shares classified as temporary equity will be the allocated proceeds determined       
 in accordance with ASC 470-20. Our ordinary share is subject to ASC 480-10-S99. If it is probable that the equity instrument will       
 become redeemable, we have the option to either (i) accrete changes in the redemption value over the period from the date of issuance   
 (or from the date that it becomes probable that the instrument will become redeemable, if later) to the earliest redemption date        
 of the instrument or (ii) recognize changes in the redemption value immediately as they occur and adjust the carrying amount of the     
 instrument to equal the redemption value at the end of each reporting period. We have elected to recognize the changes immediately.     
 The accretion or remeasurement will be treated