Company: TACOW
Filing Date: 2025-02-10
Form Type: DRS
Source: 0001829126-25-000836
Chunk: 319

Company: Berto Acquisition Corp.
Filing Date: 2025-02-10
Form: DRS
Chunk 319
---
 with Section 3(a)(9) of the Securities Act or another exemption. Notwithstanding the above, if the
Company’s ordinary shares are at the time of any exercise of a warrant not listed on a national securities
exchange such that they satisfy the definition of a “covered security” under Section 18(b)(1) of the Securities Act, the Company may, at its option, require holders of
Public Warrants who exercise their warrants to do so on a “cashless basis” in accordance
with Section 3(a)(9) of the Securities Act and, in the event the Company so elect, it will not be
required to file or maintain in effect a registration statement, and in the event
the Company does not so elect, it will use its best efforts to register or qualify
the shares under applicable blue sky laws to the extent an exemption is not available.

The warrants have an exercise price of $10.50 per share within the first 12 months following the closing of an initial business combination
or $11.50 per share after the 12-month anniversary of the closing of the initial Business
Combination (the “exercise price”), subject to adjustments described herein. The warrants will expire five years after the completion of a Business Combination or earlier upon redemption or liquidation.
In addition, if (x) the Company issues additional ordinary shares or equity-linked securities for capital raising purposes in connection with the closing
of the initial Business Combination at an issue price or effective issue price of
less than $9.20 per share of ordinary shares (with such issue price or effective issue price to be determined in good faith by
the board of directors and, in the case of any such issuance to the Sponsor or its
affiliates, without taking into account any Founder Shares held by the Sponsor or
such affiliates, as applicable, prior to such issuance) (the “Newly Issued Price”),
(y) the aggregate gross proceeds from such issuances represent more than 60% of the total equity proceeds, and interest thereon, available for the funding
of the initial Business Combination on the date of the consummation of the initial
Business Combination (net of redemptions), and (z) the volume weighted average trading
price of ordinary shares during the 20 trading-day period starting on the trading day prior to the day on which the Company
consummates its initial Business Combination (such price, the “Market Value”) is below
$9.20 per share, the exercise price