Company: TACOW
Filing Date: 2025-03-21
Form Type: S-1
Source: 0001829126-25-001978
Chunk: 245

Company: Berto Acquisition Corp.
Filing Date: 2025-03-21
Form: S-1
Chunk 245
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 during any period when we will have failed to
maintain an effective registration statement, exercise warrants on a “cashless basis” in accordance with Section 3(a)(9)
of the Securities Act or another exemption. Notwithstanding the above, if our ordinary shares are at the time of any exercise of a warrant
not listed on a national securities exchange such that they satisfy the definition of a “covered security” under Section 18(b)(1)
of the Securities Act, we may, at our option, require holders of public warrants who exercise their warrants to do so on a “cashless
basis” in accordance with Section 3(a)(9) of the Securities Act and, in the event we so elect, we will not be required to
file or maintain in effect a registration statement.

Redemption of public warrants for cash

Once the warrants become exercisable,
we may call the public warrants for redemption for cash:

| ● | in whole and not in part; |

| ● | at a price of $0.01 per warrant; |

| ● | upon not less than 30 days’ prior written notice of 
 redemption (the “30-day measurement period”); and   |

| ● | if, and only if, the closing price of the ordinary shares                                                                              
 equals or exceeds $18.00 per share (as adjusted for share splits, share capitalizations, reorganizations, recapitalizations and the    
 like and for certain issuances of ordinary shares and equity-linked securities for capital raising purposes in connection with the     
 closing of our initial business combination as described elsewhere in this prospectus) for any 20 trading days within a 30 trading-day 
 period ending three business days before we send to the notice of redemption to the public warrant holders.                            |

If and when the public warrants
become redeemable by us for cash, we may not exercise our redemption right if the issuance of ordinary shares upon exercise of the public
warrants is not exempt from registration or qualification under applicable state blue sky laws or we are unable to effect such registration
or qualification. We will use our commercially reasonable efforts to register or qualify such ordinary shares under the blue sky laws
of the state of residence in those states in which warrants were offered by us in this offering.

We have established the last
of the redemption criterion discussed above to prevent a redemption call unless there is at the time of the call a significant premium
to the warrant exercise price. If the foregoing conditions are satisfied and we issue a notice of redemption of the