Company: TACOW
Filing Date: 2025-03-21
Form Type: S-1
Source: 0001829126-25-001978
Chunk: 240

Company: Berto Acquisition Corp.
Filing Date: 2025-03-21
Form: S-1
Chunk 240
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, officers
and directors during or after this offering (including in open market and privately-negotiated transactions) in favor of our initial
business combination.

With certain limited exceptions,
the founder shares are not transferable, assignable or salable (except to our officers and directors and other persons or entities affiliated
with our sponsor, each of whom will be subject to the same transfer restrictions) until the earlier to occur of (i) one year after the
completion of our initial business combination or (ii) the date on which we complete a liquidation, merger, share exchange or other similar
transaction after our initial business combination that results in all of our shareholders having the right to exchange their ordinary
shares for cash, securities or other property; except to certain permitted transferees and under certain circumstances as described herein
under “Principal Shareholders — Transfers of Founder Shares and Private Placement Warrants.” Any permitted transferees
will be subject to the same restrictions and other agreements of our initial shareholders with respect to any founder shares. We refer
to such transfer restrictions throughout this prospectus as the lock-up.

Notwithstanding the foregoing,
if (1) the closing price of our ordinary shares equals or exceeds $12.00 per share (as adjusted for share sub-divisions, share capitalizations,
reorganizations, recapitalizations and the like) for any 20 trading days within any 30 trading-day period commencing at least 150 days
after our initial business combination or (2) if we consummate a transaction after our initial business combination which results in
our shareholders having the right to exchange their shares for cash, securities or other property, the founder shares will be released
from the lock-up. Up to 937,500 founder shares will be forfeited by our initial shareholders depending on the exercise of the over-allotment
option.

Register of Members

Under Cayman Islands law, we
must keep a register of members and there will be entered therein:

| ● | the names and addresses of the members, a statement of the                                                                         
 shares held by each member, and of the amount paid or agreed to be considered as paid, on the shares of each member and the voting 
 rights of the shares of each member;                                                                                               |

| ● | whether voting rights are attached to the share in issue; |

| ● | the date on which the name of any person was entered on the 
 register as a member; and                                   |

| ● | the date on which any person ceased to be a member