Company: TACOW
Filing Date: 2025-04-18
Form Type: S-1/A
Source: 0001829126-25-002771
Chunk: 140

Company: Berto Acquisition Corp.
Filing Date: 2025-04-18
Form: S-1/A
Chunk 140
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 following
the closing of this offering. Pursuant to the investment management trust agreement, the proceeds held in the trust account will only
be held uninvested as cash, in an interest-bearing or non-interest bearing demand deposit account at a U.S. chartered commercial bank
with consolidated assets of $100 billion or more selected by the trustee that is reasonably satisfactory to us, or invested only in U.S.
government securities, within the meaning of Section 2(a)(16) of the Investment Company Act, with a maturity of 185 days or less or in
money market funds meeting certain conditions under Rule 2a-7 under the Investment Company Act which invest only in direct U.S.
government treasury obligations; the holding of these assets in this form is intended to be temporary and for the sole purpose of facilitating
the intended business combination and, may at any time be held uninvested as cash, including in an interest-bearing or non-interest bearing
demand deposit account at a U.S. chartered commercial bank with consolidated assets of $100 billion or more selected by the trustee that
is reasonably satisfactory to us. We will disclose in each quarterly and annual report filed with the SEC prior to our initial business
combination whether the proceeds deposited in the trust account are invested in U.S. government securities or money market funds or a
combination thereof or held uninvested as cash, or in interest-bearing or non-interest bearing demand deposit accounts. We estimate that
the interest earned on the trust account will be approximately $10,000,000 per year, assuming an interest rate of 4.00% per year; however,
we can provide no assurances regarding this amount.

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We expect that the interest
earned on the trust account will be sufficient to pay income taxes, if any. We will not be permitted to withdraw any of the principal
or interest held in the trust account, except for up to $100,000 to pay dissolution expenses, as applicable, until the earliest of (i)
the completion of our initial business combination, (ii) (x) the redemption of our public shares if we are unable to complete our initial
business combination within the completion window, subject to applicable law or (y) if we extend the completion window and such extension
is conditioned upon depositing additional funds into the trust account, upon the end of a 30-day cure period after the date any such
funds were required to be deposited but were not so deposited or (iii) the