Company: TACOW
Filing Date: 2025-06-12
Form Type: 10-Q
Source: 0001829126-25-004454
Chunk: 22

Company: Berto Acquisition Corp.
Filing Date: 2025-06-12
Form: 10-Q
Item: Part I, Item 1
Chunk 22
---
 exercise of a Warrant
      unless the ordinary shares issuable upon such Warrant exercise have been registered on a registration statement on Form S-1, Form
      S-3, Form F-1, or Form F-3, as applicable, following the Initial Business Combination, qualified or deemed exempt from registration
      or qualification under the securities laws of the state of the exercising holder, or an exemption from registration or qualification
      is available. In the event that such condition is not satisfied with respect to a Warrant, the holder of such Warrant will not
      be entitled to exercise such Warrant for cash and such Warrant may have no value and expire worthless, in which case the purchaser
      of a Unit containing Public Warrants will have paid the full purchase price for the Unit solely for the ordinary shares underlying
      the Unit. In no event will the Company be required to net cash settle any Warrant.

    15

BERTO ACQUISITION CORP.
NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS
MARCH 31, 2025

      The
      Company registered the ordinary shares issuable upon exercise of the Public Warrants in its registration statement for the Initial
      Public Offering because the Public Warrants will become exercisable 30 days after the completion of the Initial Business Combination,
      which may be within one year of the Initial Public Offering. However, because the Public Warrants will be exercisable until their
      expiration date of up to five years after the completion of the Initial Business Combination, in order to comply with the requirements
      of Section 10(a)(3) of the Securities Act following the consummation of the Initial Business Combination, the Company agreed
      that as soon as practicable, but in no event later than 20 business days after the closing of the Initial Business Combination,
      the Company will use its commercially reasonable efforts to file with the SEC a registration statement on Form S-1, S-3, F-1, or
      F-3, as applicable, for the registration under the Securities Act of the ordinary shares issuable upon exercise of the Public Warrants,
      to cause the same to become effective within 60 business days following the closing of the Initial Business Combination and to
      maintain the effectiveness of such registration statement, and a current prospectus relating thereto, until the Public Warrants
      expire or are redeemed, as specified in the Warrant Agreement. If any such