Company: TACOW
Filing Date: 2025-03-21
Form Type: S-1
Source: 0001829126-25-001978
Chunk: 46

Company: Berto Acquisition Corp.
Filing Date: 2025-03-21
Form: S-1
Chunk 46
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 be approved by a majority of our independent                                       
 directors.                                                                                                                                
 We will complete our initial                                                                                                              
 business combination only if the post-transaction company in which our public shareholders own shares will own or acquire 50% or more     
 of the outstanding voting securities of the target or is otherwise not required to register as an investment company under the Investment 
 Company Act. Even if the post-transaction company owns or acquires 50% or more of the voting securities of the target, our shareholders   
 prior to our initial business combination may collectively own a minority interest in the post-business combination company, depending    
 on valuations ascribed to the target and us in the business combination transaction. For example, we could pursue a transaction in which  
 we issue a substantial number of new shares in exchange for all of the outstanding capital stock, shares or other equity interests of     
 a target. In this case, we would acquire a 100% controlling interest in the target. However, as a result of the issuance of a substantial 
 number of new shares, our shareholders immediately prior to our initial business combination could own less than a majority of our issued 
 and outstanding shares subsequent to our initial business combination. If less than 100% of the equity interests or assets of a target    
 business or businesses are owned or acquired by the post-transaction company, the portion of such business or businesses that is owned    
 or acquired is what will be taken into account for purposes of Nasdaq’s 80% fair market value test, provided that in the event            
 that the business combination involves more than one target business, the aggregate value of all of target business will be taken into    
 account for purposes of the 80% fair market value test and we will treat the transactions together as our initial business combination    
 for purposes of seeking shareholder approval or conducting a tender offer, as applicable.                                                 |

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| Permitted purchases                                    
 of public shares and public warrants by our affiliates |     | If                                                                                                                                 
 we seek shareholder approval of our initial business combination and we do not conduct redemptions in connection                   
 with our initial business combination pursuant to the tender offer rules, our sponsor, initial shareholders, directors,            
 executive officers, advisors or their affiliates may purchase shares or public warrants in privately negotiated transactions       
 or in the open market either prior to or following the completion of our initial business combination. There is no                 
 limit on the number of shares our initial shareholders, directors, officers, advisors or their affiliates may purchase             
 in such transactions, subject