Company: TACOW
Filing Date: 2025-03-21
Form Type: S-1
Source: 0001829126-25-001978
Chunk: 277

Company: Berto Acquisition Corp.
Filing Date: 2025-03-21
Form: S-1
Chunk 277
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 to our dissolution and liquidation if we do not consummate an initial business combination within the required time period).
Any such capital gain or loss generally will be long-term capital gain or loss if the U.S. Holder’s holding period for such ordinary
shares or warrants exceeds one year.

Long-term capital gain realized
by a non-corporate U.S. Holder may be eligible for reduced rates of taxation. It is unclear, however, whether certain redemption rights
described in this prospectus may suspend the running of the applicable holding period of the ordinary shares for this purpose. If the
running of the holding period for the ordinary shares is suspended, then non-corporate U.S. Holders may not be able to satisfy the one-year
holding period requirement for long-term capital gain treatment, in which case any gain on a sale or other taxable disposition of the
ordinary shares would be subject to short-term capital gain treatment and would be taxed at regular ordinary income tax rates. The deductibility
of capital losses is subject to certain limitations.

The amount of gain or loss recognized
by a U.S. Holder on a sale or other taxable disposition of ordinary shares or warrants generally will be equal to the difference between
(i) the sum of the amount of cash and the fair market value of any property received in such disposition (or, if the ordinary shares
or warrants are held as part of units at the time of the disposition, the portion of the amount realized on such disposition that is
allocated to the ordinary shares or warrants based upon the relative fair market values of the ordinary shares and warrants constituting
the units at the time of the disposition) and (ii) the U.S. Holder’s adjusted tax basis in its ordinary shares or warrants so disposed
of. A U.S. Holder’s adjusted tax basis in its ordinary shares or warrants generally will equal the U.S. Holder’s acquisition
cost (that is, the portion of the purchase price of a unit allocated to an ordinary share or one-half of one warrant, as described above
under “— Allocation of Purchase Price and Characterization of a Unit”) reduced, in the case of an ordinary share,
by the amount of any prior distributions with respect to such ordinary share that are treated as a return of capital. See “—
Exercise, Lapse or Redemption of a Warrant” below for a discussion regarding a U.S. Holder’s tax basis in the ordinary
share acquired pursuant to the exercise of a warrant.

Redemption of Ordinary Shares

Subject to the PF