Company: TACOW
Filing Date: 2025-04-15
Form Type: S-1/A
Source: 0001829126-25-002650
Chunk: 76

Company: Berto Acquisition Corp.
Filing Date: 2025-04-15
Form: S-1/A
Chunk 76
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 market funds meeting certain conditions under Rule 2a-7
promulgated under the Investment Company Act which invest only in direct U.S. government treasury obligations; the holding of these assets
in this form is intended to be temporary and for the sole purpose of facilitating the intended business combination and may at any time
be held as cash or cash items, including in demand deposit accounts at a bank. Pursuant to the investment management trust agreement,
the trustee will not be permitted to invest in other securities or assets. By restricting the investment of the proceeds in this manner,
and by focusing our directors’ and officers’ time toward, and operating our business for the purpose of, acquiring and growing
businesses for the long term (rather than buying and selling businesses in the manner of a merchant bank or private equity fund or investing
in assets for the purpose of achieving

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investment returns on such assets), we intend to
avoid being deemed an “investment company” within the meaning of the Investment Company Act. The offering is not intended
for persons who are seeking a return on investments in government securities or investment securities. Instead, the trust account will
be intended as a holding place for funds pending the earliest to occur of either: (i) the completion of our initial business combination;
(ii) the redemption of any public shares properly submitted in connection with a shareholder vote to amend our articles not for the purpose
of approving, or in conjunction with the consummation of, an initial business combination (A) to modify the substance or timing of our
obligation to allow redemption in connection with our initial business combination or to redeem 100% of our public shares if we do not
complete our initial business combination within the completion window or (B) with respect to any other material provisions relating
to the rights of holders of our ordinary shares or pre-initial business combination activity; or (iii) absent an initial business combination
within the completion window, our return of the funds held in the trust account to our public shareholders as part of our redemption
of the public shares. If we do not invest the proceeds as described above, we may be deemed to be subject to the Investment Company Act.

Further, under the subjective
test of a “investment company” pursuant to Section 3(a)(1)(A) of the Investment Company Act, even if the funds deposited
in the trust account were invested in the assets discussed above (U.S. government securities or money market funds registered under the