Company: TACOW
Filing Date: 2025-03-21
Form Type: S-1
Source: 0001829126-25-001978
Chunk: 210

Company: Berto Acquisition Corp.
Filing Date: 2025-03-21
Form: S-1
Chunk 210
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 requirement at the time of listing; (2) a majority of members
must satisfy the requirement within 90 days of listing; and (3) all members must satisfy the requirement within one year of listing.
Furthermore, companies listing in connection with their initial public offering have twelve months from the date of listing to comply
with the majority independent board requirement. We do not intend to rely on these exemptions.

Officer and Director Compensation

As of the date of this prospectus,
none of our officers has received any cash compensation for services rendered to us. Commencing on the date that our securities are first
listed on Nasdaq through the earlier of consummation of our initial business combination and our liquidation, we will pay our sponsor
and/or its affiliates or designees $15,000 per month for office space, secretarial, administrative and support services provided to us
and members of our management team. As more fully discussed in the section of this prospectus entitled “The Offering — Limited payments to insiders”, our sponsor, officers and directors, or any affiliate of theirs, will be entitled to certain
payments including, but not limited to, reimbursement for any out-of-pocket expenses incurred in connection with activities on our behalf
such as identifying potential target businesses and performing due diligence on suitable business combinations. In addition, we have
agreed, pursuant to the administrative services and indemnification agreement with our sponsor relating to the monthly payment for office
space and administrative services described above, that we will indemnify our sponsor from any claims arising out of or relating to this
offering or the company’s operations or conduct of the company’s business or any claim against our sponsor alleging any expressed
or implied management or endorsement by our sponsor of any of the company’s activities or any express or implied association between
our sponsor and the company or any of its affiliates, which agreement will provide that the indemnified parties cannot access the funds
held in our trust account. Additionally, these individuals will be eligible to receive a transfer or reallocation of founder shares for
any extraordinary services rendered in order to identify or effectuate the consummation of our initial business combination. We may pay
cash compensation to our independent directors for services rendered to us. Additionally, we may pay consulting, success, advisory, or
finder’s fees to our sponsor, our officers or directors, our advisors, or affiliates thereof in connection with the consummation
of our initial business combination. Our audit committee will review on a quarterly basis all payments that were made to our