Company: TACOW
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001829126-25-009131
Chunk: 2

Company: Berto Acquisition Corp.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 2
---
377

    Balance - September 30, 2025 (unaudited)

    7,503,750

    $
    750

    $
    -

    $
    (11,490,730
    )
     
    $
    (11,489,980
    )

    (1)
    There was no activity for the Company for the period from July 15, 2024 (inception) through September 30, 2024. 

The accompanying notes are an integral part of these unaudited condensed financial statements.

3

BERTO ACQUISITION CORP.

UNAUDITED CONDENSED STATEMENT OF CASH FLOWS(1)

    For The Nine Months Ended

    September 30, 2025

    Cash Flows from Operating Activities:

    Net income
     
    $
    5,010,826

    Adjustments to reconcile net income to net cash used in operating activities:

    General and administrative expenses paid by related party under promissory note

    2,006

    Investment income from investments held in Trust Account

    (5,427,225
    )
  
    Changes in operating assets and liabilities:

    Prepaid expenses

    (125,757
    )
  
    Accounts payable

    (440,894
    )
  
    Accrued expenses

    (287,500
    )
  
    Net
    cash  used in operating activities

    (1,268,544
    )

    Cash Flows from Investing Activities

    Cash deposited in Trust Account

    (300,150,000
    )
  
    Net cash used in investing activities

    (300,150,000
    )

    Cash Flows from Financing Activities:

    Repayment of note payable to related party

    (221,560
    )
  
    Proceeds received from initial public offering, gross

    300,150,000

    Proceeds received from private placement

    3,500,000

    Offering costs paid

    (1,718,930
    )
  
    Net cash provided by financing activities

    301,709,510

    Net change in cash

    290,966

    Cash - beginning of the period

    34,044

    Cash - end of the period
     
    $
    325,010

    Supplemental disclosure of noncash investing and financing activities:

    Offering costs paid by related party