Company: TACOW
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001829126-25-006209
Chunk: 15

Company: Berto Acquisition Corp.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 15
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 complies with accounting and disclosure requirements of FASB ASC Topic 260, “Earnings Per Share.” The Company has two classes of shares, which are referred to as Public Shares and Founder Shares (as defined in Note 5). Income and losses are shared pro rata between the two classes of shares. Net loss per share of common stock is calculated by dividing the net loss by the weighted average number of common stock outstanding for the respective period. The Company has not considered the effect of the Public Warrants and the Private Placement Warrants to purchase an aggregate of 6,044,160 shares in the calculation of diluted loss per share, since the exercise of the warrants is contingent upon the occurrence of future events and the inclusion of such warrants would be anti-dilutive. Accretion associated with the redeemable Public Shares is excluded from earnings per share as the redemption value approximates fair value.

The following table presents a reconciliation of the numerator and denominator used to compute basic and diluted net loss per share of common stock for each class of common stock for the three and six months ended June 30, 2025 and 2024:

    Schedule of basic and diluted net loss per share

    For The Three Months Ended

    For The Six Months Ended

    June 30, 2025

    June 30, 2025

    Public Shares

    Founder Shares

    Public Shares

    Founder Shares

    Basic and diluted net income per common share:

    Numerator:

    Allocation of net income
     
    $
    1,502,019

    $
    359,358

    $
    1,500,714

    $
    342,735

    Denominator:

    Basic and diluted weighted average common shares outstanding

    30,015,000

    7,181,085

    30,015,000

    6,854,855

    Basic and diluted net income per common share
     
    $
    0.05

    $
    0.05

    $
    0.05

    $
    0.05

Stock Compensation

The Company’s policy is to account for stock-based compensation expense in accordance with FASB ASC Topic 718, “Compensation-Stock Compensation” ​(“ASC 718”). Under ASC 718, stock-based compensation associated with equity awards is measured at fair value upon the grant date and recognized over the requisite service period. To the extent a