Company: TACOW
Filing Date: 2025-06-12
Form Type: 10-Q
Source: 0001829126-25-004454
Chunk: 7

Company: Berto Acquisition Corp.
Filing Date: 2025-06-12
Form: 10-Q
Item: Part I, Item 1
Chunk 7
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      dissolution expenses), divided by the number of then outstanding Public Shares, which redemption will completely extinguish the
      holders’ rights as shareholders (including the right to receive further liquidating distributions, if any), subject to applicable
      law, and (iii) as promptly as reasonably possible following such redemption, subject to the approval of the Company’s remaining
      shareholders and the Company’s board of directors, liquidate and dissolve, subject in each case to the Company’s obligations
      under Cayman Islands law to provide for claims of creditors and the requirements of other applicable law. The Initial Shareholders
      have entered into agreements with the Company pursuant to which they have agreed to waive their rights to liquidating distributions
      from the Trust Account with respect to any Founder Shares (as defined below) held by them if the Company fails to complete the
      Initial Business Combination within the Completion Window. However, if the Initial Shareholders acquire Public Shares in or after
      the Initial Public Offering, they will be entitled to liquidating distributions from the Trust Account with respect to such shares
      if the Company fails to complete the Initial Business Combination within the prescribed time period.
       
      Risks
      and Uncertainties
       
      Various
      macroeconomic, geopolitical and regulatory uncertainties and challenges pose risks to economic conditions in the U.S. and globally,
      including, among others, any resurgence in inflation; changes to trade and tariffs, immigration, energy and other policies resulting
      from the new U.S. administration; changes in interest rate policies; the Russia-Ukraine war; conflicts in the Middle East; and
      economic conditions and tensions involving China.
       
      These
      and other risks could negatively impact economic growth rates and unemployment levels in the U.S. and other countries and result
      in volatility and disruptions in financial markets. Such risks could also adversely affect the Company’s search for an Initial
      Business Combination and any target business with which the Company may ultimately consummate an Initial Business Combination.
       
      Liquidity
      and Capital Resources
       
      As
      of March 31, 2025, the Company had approximately $11,000 in cash and a working capital deficit of approximately $1.1 million.
       
      The
      Company’s liquidity needs through March 31, 2025 were satisfied through the payment of $25,000 from the Sponsor, its
      affiliates, and the Consultant to purchase Founder Shares (as defined in Note 5), a