Company: TACOW
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001829126-25-006209
Chunk: 3

Company: Berto Acquisition Corp.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 3
---
 expenses

    (150,735
    )
  
    Accounts payable

    (545,952
    )
  
    Accrued expenses

    (296,966
    )
  
    Net cash provided by operating activities

    (1,232,138
    )

    Cash Flows from Investing Activities

    Cash deposited in Trust Account

    (300,150,000
    )
  
    Net cash used in investing activities

    (300,150,000
    )

    Cash Flows from Financing Activities:

    Repayment of note payable to related party

    (221,560
    )
  
    Proceeds received from initial public offering, gross

    300,150,000

    Proceeds received from private placement

    3,500,000

    Offering costs paid

    (1,718,930
    )
  
    Net cash provided by financing activities

    301,709,510

    Net change in cash

    327,372

    Cash - beginning of the period

    34,044

    Cash - end of the period
     
    $
    361,416

    Supplemental disclosure of noncash investing and financing activities:

    Offering costs paid by related party under promissory note
     
    $
    185,511

    Issuance of Underwriter Warrants
     
    $
    3,750,000

    Deferred underwriting commissions
     
    $
    11,705,850

The accompanying notes are an integral part of these unaudited condensed financial statements.

4

BERTO ACQUISITION CORP. NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS JUNE 30, 2025

Note 1 — Description of Organization and Business Operations

Organization and General

Berto Acquisition Corp. (the “Company”) was incorporated as a Cayman Islands exempted company on July 15, 2024 (the inception date). The Company was incorporated for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses that the Company has not yet identified (the “Initial Business Combination”). The Company is an “emerging growth company,” as defined in Section 2(a) of the Securities Act of 1933, as amended, or the “Securities Act”, as modified by the Jumpstart Our Business Startups Act of