Company: TACOW
Filing Date: 2025-04-09
Form Type: S-1/A
Source: 0001829126-25-002484
Chunk: 151

Company: Berto Acquisition Corp.
Filing Date: 2025-04-09
Form: S-1/A
Chunk 151
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company (for legal, financial reporting, accounting and auditing compliance), as well as for due diligence expenses. We expect
our expenses to increase substantially after the closing of this offering.

Liquidity and Capital Resources

Our liquidity needs have
been satisfied prior to the completion of this offering through a capital contribution from our sponsor and its affiliates and
a consultant, Meteora Capital LLC (the “Consultant” or “Meteora”) of $25,000 in exchange for the issuance
of 7,187,500 ordinary shares (the “founder shares”), and up to $300,000 in loans available from our sponsor pursuant
to a promissory note (the “Note”). As of December 31, 2024, we had approximately $34,000 of borrowings under the
Note.

We estimate that the net
proceeds from the sale of the units in this offering of $250,000,000 (or $287,500,000 if the underwriters’ over-allotment option
is exercised in full), the sale of the private placement warrants for an aggregate purchase price of $3,500,000, after deducting offering
expenses of approximately $720,000 and the underwriting commissions, will be $251,430,000 (or $288,930,000 if the underwriters’
over-allotment option is exercised in full). Such purchase of the private placement warrants will be funded by our sponsor. Of this amount,
$250,000,000 (or $287,500,000 if the underwriters’ over-allotment option is exercised in full) will be held in the trust account.
The proceeds held in the trust account will be invested only in U.S. government treasury obligations with a maturity of 185 days or less
or in money market funds meeting certain conditions under Rule 2a-7 under the Investment Company Act which invest only in direct
U.S. government treasury obligations. The remaining approximately $1,430,000 will not be held in the trust account. In the event that
our offering expenses exceed our estimate of $720,000, we may fund such excess with funds not to be held in the trust account. In such
case, 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 $720,000, the amount of funds we intend to be held outside the trust account