Company: TACOW
Filing Date: 2025-04-18
Form Type: S-1/A
Source: 0001829126-25-002771
Chunk: 72

Company: Berto Acquisition Corp.
Filing Date: 2025-04-18
Form: S-1/A
Chunk 72
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If, before distributing the proceeds in the trust account to our public shareholders, we file a bankruptcy or winding-up petition or an involuntary bankruptcy or winding up petition is filed against us that is not dismissed, the claims of creditors in such proceeding may have priority over the claims of our shareholders and the per-share amount that would otherwise be received by our shareholders in connection with our liquidation may be reduced.

If, before distributing the proceeds
in the trust account to our public shareholders, we file a bankruptcy or winding-up petition or an involuntary bankruptcy or winding
up petition is filed against us that is not dismissed, the proceeds held in the trust account could be subject to applicable bankruptcy
or insolvency law, and may be included in our bankruptcy estate and subject to the claims of third parties with priority over the claims
of our shareholders. To the extent any bankruptcy claims deplete the trust account, the per-share amount that would otherwise be received
by our shareholders in connection with our liquidation may be reduced.

If we are deemed to be an investment company under the Investment Company Act, we may be required to institute burdensome compliance requirements and our activities may be restricted, which may make it difficult for us to complete our initial business combination or force us to abandon our efforts to complete an initial business combination.

If we are deemed to be an investment
company under the Investment Company Act, our activities may be restricted, including:

| ● | restrictions on the nature of our investments; and |

| ● | restrictions on the issuance of securities, each of which                  
 may make it difficult for us to complete our initial business combination. |

In addition, we may have imposed
upon us burdensome requirements, including:

| ● | registration as an investment company with the SEC; |

| ● | adoption of a specific form of corporate structure; and |

| ● | reporting, record keeping, voting, proxy and disclosure requirements 
 and other rules and regulations that we are not subject to.          |

In order not to be regulated
as an investment company under the Investment Company Act, unless it can qualify for an exclusion, a company must ensure that it is engaged
primarily in a business other than investing, reinvesting or trading of securities and that its activities do not include investing,
reinvesting, owning, holding or trading “investment securities” constituting more than 40% of its assets (exclusive of U.S.
government securities and cash items) on an unconsolidated basis. Our business will be to