Company: TACOW
Filing Date: 2025-06-12
Form Type: 10-Q
Source: 0001829126-25-004454
Chunk: 47

Company: Berto Acquisition Corp.
Filing Date: 2025-06-12
Form: 10-Q
Item: Part I, Item 2
Chunk 47
---
 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 Shares they hold and any Public Shares that our Sponsor, Sponsor’s affiliates,
      officers and directors may acquire during or after this offering in connection with the completion of the Initial Business Combination.

Our
      articles also provides that a Public Shareholder, together with any affiliate of such shareholder or any other person with whom
      such shareholder is acting in concert or as a “group” (as defined under Section 13 of the Securities Exchange
      Act of 1934, as amended (the “Exchange Act”)), will be restricted from redeeming its shares with respect to more than
      an aggregate of 15% or more of the Public Shares, without our prior consent.

Pursuant
      to our amended and restated memorandum and articles of association (the “articles”) if we are unable to complete the
      Initial Business Combination within 24 months from the closing of the Initial Public Offering, or May 1, 2027 (the “Completion
      Window”), we will (i) cease all operations except for the purpose of winding up, (ii) as promptly as reasonably possible
      but no more than ten business days thereafter subject to lawfully available