Company: TACOW
Filing Date: 2025-03-21
Form Type: S-1
Source: 0001829126-25-001978
Chunk: 116

Company: Berto Acquisition Corp.
Filing Date: 2025-03-21
Form: S-1
Chunk 116
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 under the statute and we would
be subject to regulation in each state in which we offer our securities.

The nominal purchase price paid by our sponsor, sponsor affiliates and a consultant for the founder shares may result in significant dilution to the implied value of your public shares upon the consummation of our initial business combination, and the value of the founder shares following completion of our initial business combination is likely to be substantially higher than the nominal price paid for them, even if the trading price of our ordinary shares at such time is substantially less than $10.00 per share.

While we are offering our ordinary
shares at an offering price of $10.00 per share and the amount in our trust account is initially anticipated to be $10.00 per public
share, implying an initial value of $10.00 per public share, our initial shareholders, prior to this offering, paid only a nominal aggregate
purchase price of $25,000 for 7,187,500 founder shares (including 937,500 founder shares subject to forfeiture by our sponsor and sponsor
affiliates if the over-allotment option is not exercised in full or in part by the underwriters), or approximately $0.003 per share.
As a result, the value of your public shares may be significantly diluted upon the consummation of our initial business combination,
when the founder shares are converted into public shares. For example, the following table shows the dilutive effect of the founder shares
on the implied value of the public shares upon the consummation of our initial business combination assuming that our equity value at
that time is $250,000,000, which is the amount we would have for our initial business combination in the trust account assuming the underwriters’
over-allotment option is not exercised, no interest is earned on the funds held in the trust account, and no public shares are redeemed
in connection with our initial business combination. At such valuation, each of our ordinary shares would have an implied value of $8.00
per share upon consummation of our initial business combination, which is a 20.0% decrease as compared to the initial implied value per
public share of $10.00.

| Public shares                             
 Founder shares                            
 Total shares                              |     |   |  25,000,000 
   6,250,000 
  31,250,000 |
|:------------------------------------------|:----|:--|------------:|
| Total funds in trust available for