Company: TACOW
Filing Date: 2025-03-21
Form Type: S-1
Source: 0001829126-25-001978
Chunk: 148

Company: Berto Acquisition Corp.
Filing Date: 2025-03-21
Form: S-1
Chunk 148
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--------------|------:|
| Initial             
 Shareholders(1)     |     |                  |  6,250,000 |     |            |   20.0 | % |     | $                   |      25,000 |     |            |   0.01 | % |     | $             | 0.004 |
| Public Shareholders |     |                  | 25,000,000 |     |            |   80.0 | % |     | $                   | 250,000,000 |     |            |  99.99 | % |     | $             | 10.00 |
|                     |     |                  | 31,250,000 |     |            | 100.00 | % |     | $                   | 250,025,000 |     |            | 100.00 | % |     |               |       |

| (1) | Assumes that 937,500 founder                                                                                                       
 shares are forfeited after the closing of this offering in the event the underwriters do not exercise their over-allotment option. |

In addition to the sources
of potential dilution discussed herein, we note that there are additional possible sources of dilution and the extent of such dilution
that non-redeeming public shareholders could experience in connection with the closing of the initial business combination may be uncertain,
due to the uncertainty associated with the occurrence or the amount of securities that may be issued pursuant to such occurrence, including
arising from: (i) the issuance of additional securities as we may seek an initial business combination with a target company with an
enterprise value greater than the net proceeds of the offering, (ii) any loans or additional investments from our sponsor, members of
our management team or any of their affiliates or designees, including the issuance of warrants upon conversion of working capital loans,
(iii) any ordinary shares, preferred shares or debt securities that may be issued to third parties pursuant to any equity financing or
debt financing in connection with our initial business combination, and (iv) the reservation and issuance of any securities under an
employee incentive plan after completion of our initial business combination. For further discussions on potential sources of dilutions
and potential risks associated thereof, see “Risk Factor — We may issue additional ordinary or preferred shares to complete a business combination or under an employee incentive plan after completion of our initial business combination. Any such issuances would dilute the interest of our shareholders and likely present other