Company: TACOW
Filing Date: 2025-06-12
Form Type: 10-Q
Source: 0001829126-25-004454
Chunk: 31

Company: Berto Acquisition Corp.
Filing Date: 2025-06-12
Form: 10-Q
Item: Part I, Item 1
Chunk 31
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 the target or otherwise acquires a controlling interest in the target
      sufficient for it not to be required to register as an investment company under the Investment Company Act. Furthermore, there
      is no assurance that we will be able to successfully effect an Initial Business Combination.

We
      provide Public Shareholders with the opportunity to redeem all or a portion of their Public Shares upon the completion of an Initial
      Business Combination either (i) in connection with a shareholders’ meeting called to approve the Initial Business Combination
      or (ii) by means of a tender offer. The decision as to whether we will seek shareholder approval of an Initial Business Combination
      or conduct a tender offer will be made by us, solely in our discretion, and will be based on a variety of factors such as the timing
      of the transaction and whether the terms of the transaction would require us to seek shareholder approval under applicable law
      or stock exchange listing requirement. The Public Shareholders will be entitled to redeem their Public Shares for a pro rata portion
      of the amount then held in the Trust Account calculated as of two business days prior to the consummation of the Initial Business
      Combination including interest earned on the funds held in the Trust Account (which interest shall be net of taxes paid or payable),
      divided by the number of then issued and outstanding Public Shares.

20

The
      Public Shares will be recorded at redemption value and classified as temporary equity upon the completion of the Initial Public
      Offering in accordance with the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”)
      Topic 480, “Distinguishing Liabilities from Equity” (“ASC 480”). If we seek shareholder approval of an
      Initial Business Combination, we will complete the Initial Business Combination only if it is approved by an ordinary resolution
      under Cayman Islands law, which requires the affirmative vote of at least a majority of the votes cast by the shareholders of the
      issued shares present in person or represented by proxy and entitled to vote on such matter at a general meeting of our company.

Our
      Sponsor, Meteora Capital LLC (the “Consultant” or “Meteora”), and any other holder of the founder shares
      prior to the Initial Public Offering (the “Initial Shareholders”), officers and directors, have entered into a letter
      agreement with the Company, pursuant to which they agreed to vote in favor of the Initial Business Combination and waive their
      redemption rights with respect to any Founder