Company: TACOW
Filing Date: 2025-04-09
Form Type: S-1/A
Source: 0001829126-25-002484
Chunk: 255

Company: Berto Acquisition Corp.
Filing Date: 2025-04-09
Form: S-1/A
Chunk 255
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 completion of our initial business combination. There is no
certainty that we will be in a position to, or decide to, pay cash dividends after completing our initial business combination. If we
increase or decrease the size of this offering, pursuant to Rule 462(b) under the Securities Act, we will effect a share capitalization
or other appropriate mechanism immediately prior to the consummation of the offering in such amount as to maintain the number of founder
shares at 20% of our issued and outstanding ordinary shares upon the consummation of this offering. Further, if we incur any indebtedness
in connection with our initial business combination, our ability to declare dividends following the completion of our initial business
combination may be limited by restrictive covenants we may agree to in connection therewith.

Our Transfer Agent and Warrant Agent

The transfer agent for our ordinary
shares and warrant agent for our warrants is Continental Stock Transfer & Trust Company. We have agreed to indemnify Continental
Stock Transfer & Trust Company in its roles as transfer agent and warrant agent, its agents and each of its shareholders, directors,
officers and employees against all claims and losses that may arise out of acts performed or omitted for its activities in that capacity,
except for any liability due to any gross negligence or intentional misconduct of the indemnified person or entity. Continental Stock
Transfer & Trust Company has agreed that it has no right of set-off or any right, title, interest or claim of any kind to, or to
any monies in, the trust account, and has irrevocably waived any right, title, interest or claim of any kind to, or to any monies in,
the trust account that it may have now or in the future. Accordingly, any indemnification provided will only be able to be satisfied,
or a claim will only be able to be pursued, solely against us and our assets outside the trust account and not against the any monies
in the trust account or interest earned thereon.

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Certain Differences in Corporate Law

Cayman Islands companies are
governed by the Companies Act. The Companies Act is modeled on English Law but does not follow recent English Law statutory enactments,
and differs from laws applicable to United States corporations and their shareholders. Set forth below is a summary of the material differences
between the provisions of the Companies Act applicable to us and the laws applicable to companies incorporated in the United States and
their shareholders.

Mergers and Similar Arrang