Company: TACOW
Filing Date: 2025-06-12
Form Type: 10-Q
Source: 0001829126-25-004454
Chunk: 28

Company: Berto Acquisition Corp.
Filing Date: 2025-06-12
Form: 10-Q
Item: Part I, Item 1
Chunk 28
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 that could cause actual results to differ materially from those anticipated in the forward-looking statements, please refer to
      “Risk Factors” in our final prospectus for the Initial Public Offering (the “Final Prospectus”), filed
      with the U.S. Securities and Exchange Commission (the “SEC”) on May 1, 2025. The Company’s securities filings
      can be accessed on the EDGAR section of the SEC’s website at www.sec.gov. Except as expressly required by applicable securities
      law, the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of
      new information, future events or otherwise.

Overview

We
      are a blank check company incorporated as a Cayman Islands exempted company on July 15, 2024 and incorporated for the purpose
      of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one
      or more businesses. While we will consider opportunities in any industry, we are strategically positioned to capitalize on transformative
      opportunities, focusing on sectors that are pivotal to advancing sustainability and innovation. Our investment thesis prioritizes
      target businesses primarily in North America and Europe, with a keen interest in new energy businesses, circular economy initiatives,
      and innovative agricultural and food technologies. We have not selected any specific business combination target and we have not,
      nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target.

Our
      sponsor is Berto Acquisition Sponsor LLC, a Cayman Islands limited liability company (the “Sponsor”).

Financing
      Activities

Our
      registration statement for the initial public offering (the “Initial Public Offering”) was declared effective on April 29,
      2025. On May 1, 2025, we consummated our Initial Public Offering of 30,015,000 units (the “Units” and, with respect
      to the ordinary shares included in the Units being offered, the “Public Shares”), including the issuance of 3,915,000
      Units as a result of the underwriters’ full exercise of their over-allotment option, at $10.00 per Unit, generating gross
      proceeds of $300.15 million, and incurring offering costs of approximately $17.8 million, of which approximately $11.7 million
      was for deferred underwriting commissions.

Simultaneously
      with the closing of the Initial