Company: TACOW
Filing Date: 2025-04-09
Form Type: S-1/A
Source: 0001829126-25-002484
Chunk: 228

Company: Berto Acquisition Corp.
Filing Date: 2025-04-09
Form: S-1/A
Chunk 228
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 will be held in the trust account. The private placement warrants are subject to the transfer
restrictions described below.

Our sponsor is deemed to be our
“promoter”, as such term is defined under the federal securities laws.

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Transfers of Founder Shares and Private Placement Warrants

The founder shares, private placement
warrants and any ordinary shares issued upon exercise thereof are each subject to transfer restrictions pursuant to lock-up provisions
in a letter agreement entered into by our initial shareholders and management team. Those lock-up provisions provide that such securities
are not transferable or salable (i) in the case of the founder shares, until the earlier of (A) one year after the completion of our
initial business combination or (B) subsequent to our initial business combination, (x) if the last sale price of our ordinary shares
equals or exceeds $12.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for
any 20 trading days within any 30-trading day period commencing at least 150 days after our initial business combination, or (y) the
date on which we complete a liquidation, merger, share exchange, reorganization or other similar transaction that results in all of our
shareholders having the right to exchange their ordinary shares for cash, securities or other property, and (ii) in the case of the private
placement warrants and the respective ordinary shares underlying such warrants, until 30 days after the completion of our initial business
combination except in each case (a) to our officers or directors, any affiliate or family member of any of our officers or directors,
any members or partners of our sponsor or their affiliates, any affiliates of our sponsor, or any employees of such affiliates; (b) in
the case of an individual, as a gift to such person’s immediate family or to a trust, the beneficiary of which is a member of such
person’s immediate family, an affiliate of such person or to a charitable organization; (c) in the case of an individual, by virtue
of laws of descent and distribution upon death of such person; (d) in the case of an individual, pursuant to a qualified domestic relations
order; (e) by private sales or transfers made in connection with any forward purchase agreement or similar arrangement or in connection
with the consummation of a business combination at prices no greater than the price at which the shares or warrants were