Company: TACOW
Filing Date: 2025-02-10
Form Type: DRS
Source: 0001829126-25-000836
Chunk: 66

Company: Berto Acquisition Corp.
Filing Date: 2025-02-10
Form: DRS
Chunk 66
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 more favorable to such target businesses) with respect to a particular proposed business combination, although we do not have any current intention to do so. If we entered into a letter of intent or merger agreement where we paid for the right to receive exclusivity from a target business and were subsequently required to forfeit such funds (whether as a result of our breach or otherwise), we might not have sufficient funds to continue searching for, or conduct due diligence with respect to, a target business.

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In the event that our offering
expenses exceed our estimate of $1,220,000, we may fund such excess with funds not to be held in the trust account. In such case, unless
funded by the proceeds of loans available from our sponsor, its affiliates or our management team, the amount of funds we intend to be
held outside the trust account would decrease by a corresponding amount. Conversely, in the event that the offering expenses are less
than our estimate of $1,220,000, the amount of funds we intend to be held outside the trust account would increase by a corresponding
amount. The amount held in the trust account will not be impacted as a result of such increase or decrease. If we are required to seek
additional capital, we would need to borrow funds from our sponsor, management team or other third parties to operate or may be forced
to liquidate. Neither our sponsor, members of our management team nor any of their affiliates is under any obligation to advance funds
to us in such circumstances. Any such advances would be repaid only from funds held outside the trust account or from funds released
to us upon completion of our initial business combination. Up to $1,500,000 of such loans may be convertible into private placement warrants
at a price of $1.00 per warrant, at the option of the lender. The warrants would be identical to the private placement warrants, including
as to exercisability and exercise price. Prior to the completion of our initial business combination, we do not expect to seek loans
from parties other than our sponsor or an affiliate of our sponsor, as we do not believe third parties will be willing to loan such funds
and provide a waiver against any and all rights to seek access to funds in our trust account. If we are unable to complete our initial
business combination because we do not have sufficient funds available to us, we will be forced to liquidate the trust account. Consequently,
our public shareholders may only receive an estimated