Company: TACOW
Filing Date: 2025-04-09
Form Type: S-1/A
Source: 0001829126-25-002484
Chunk: 211

Company: Berto Acquisition Corp.
Filing Date: 2025-04-09
Form: S-1/A
Chunk 211
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 by a majority of the holders of our ordinary shares. Our officers are
appointed by the board of directors and serve at the discretion of the board of directors, rather than for specific terms of office.
Subject to the Companies Act, our board of directors is authorized to appoint persons to the offices of Secretary and any other
office that may be required, (including one or more chief executive officers, presidents, a chief financial officer, a treasurer,
vice-presidents, one or more assistant vice-presidents, one or more assistant treasurers and one or more assistant secretaries) as
it deems appropriate.

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Director Independence

The rules of Nasdaq require
that a majority of our board of directors be independent within one year of our initial public offering. An “independent director”
is defined generally as a person who, in the opinion of the company’s board of directors, has no material relationship with the
listed company (either directly or as a partner, shareholder or officer of an organization that has a relationship with the company).
Upon the effectiveness of the registration statement of which this prospectus forms a part, we expect to have three “independent
director” as defined in Nasdaq listing standards and applicable SEC rules prior to completion of this offering. Our board of directors
has determined that each of Sam Lynn, Darla K. Anderson, and Constance Weaver is an “independent director” as defined in
Nasdaq listing standards and applicable SEC rules. Our independent directors will have regularly scheduled meetings at which only independent
directors are present.

Certain exemptions are available
to us under the rules of Nasdaq and under Rule 10A-3 of the Exchange Act that allow companies a phase-in period for complying with committee
independence requirements after an initial public offering. Under these exemptions, companies are permitted to phase in compliance with
these rules and regulations as follows: (1) one member must satisfy the 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