Company: TACOW
Filing Date: 2025-04-18
Form Type: S-1/A
Source: 0001829126-25-002771
Chunk: 333

Company: Berto Acquisition Corp.
Filing Date: 2025-04-18
Form: S-1/A
Chunk 333
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34,000 of borrowings
under the Note.

Working Capital Loans

In addition, in order to finance transaction
costs in connection with its Initial Business Combination, the Sponsor or an affiliate of the Sponsor, or the Company’s officers
and directors may, but are not obligated to, loan the Company funds as may be required (“Working Capital Loans”). If
the Company completes its Initial Business Combination, the Company would repay the Working Capital Loans. In the event that the
Initial Business Combination does not close, the Company may use a portion of proceeds held outside the Trust Account to repay
the Working Capital Loans but no proceeds held in the Trust Account would be used to repay the Working Capital Loans. If the Sponsor
makes any Working Capital Loans, up to $1.5 million of such loans may be convertible into warrants of the post business combination
entity at a price of $1.00 per warrant at the option of the lender. The warrants and their underlying securities would be identical
to the Private Placement Warrants. As of December 31, 2024, the Company had no borrowings under the Working Capital Loans.

Note 6 — Commitments and Contingencies

Underwriting Agreement

The Company granted the underwriters a 45-day
option to purchase up to 3,750,000 additional Units to cover over-allotments at the Initial Public Offering price, less the underwriting
discounts and commissions.

The underwriters will be entitled to (1)
an upfront underwriting fee of an aggregate amount of $1,350,000 (irrespective of the size of the Proposed
Public Offering or exercise of the overallotment option) payable upon the closing of the Proposed Public Offering, (2) an aggregate of 3,750,000 warrants issued to the underwriter or their designees (the “Underwriter Warrants”) upon the
closing of the Proposed Public Offering, and (3) a deferred
underwriting fee of $0.39 per unit, for an aggregate amount of $9,750,000 (or up to $11,212,500 if the over-allotment option
is exercised in full). The deferred fee will become payable to the underwriters from the amounts held in the Trust Account solely
in the event that the Company completes a Business Combination, subject to the terms of the underwriting agreement and will be
based on the amount of funds remaining in the Trust Account after shareholder redemptions of public shares in connection with the
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