Company: TACOW
Filing Date: 2025-04-15
Form Type: S-1/A
Source: 0001829126-25-002650
Chunk: 133

Company: Berto Acquisition Corp.
Filing Date: 2025-04-15
Form: S-1/A
Chunk 133
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the ordinary share and the one-half of one warrant included in each unit could be challenged by the IRS or courts. In addition, the U.S.
federal income tax consequences of a cashless exercise of warrants included in the units we are issuing in this offering is unclear under
current law. Finally, it is unclear whether the redemption rights with respect to our ordinary shares suspend the running of a U.S. Holder’s
(as defined in section titled “Taxation — United States Federal Income Tax Consideration — U.S. Holders”)
holding period for purposes of determining whether any gain or loss realized by such U.S. Holder on the sale or exchange of ordinary
shares is long-term capital gain or loss and for determining whether any dividend we pay would be considered “qualified dividend
income” for U.S. federal income tax purposes. See the section titled “Taxation — United States Federal Income Tax Considerations” for a summary of the U.S. federal income tax considerations of an investment in our securities. Prospective
investors are urged to consult their own tax advisors with respect to these and other tax consequences when acquiring, owning or disposing
of our securities.

We may reincorporate in another jurisdiction, which may result in taxes imposed on shareholders or warrant holders.

We may, in
connection with our initial business combination or otherwise and, to the extent applicable, subject to requisite shareholder approval
by special resolution under the Companies Act, reincorporate in the jurisdiction in which the target company or business is located or
in another jurisdiction. The transaction may require a shareholder or warrant holder to recognize taxable income in the jurisdiction
in which the shareholder or warrant holder is a tax resident or in which its members are resident if it is a tax transparent entity (or
may otherwise result in adverse tax consequences). We do not intend to make any cash distributions to shareholders or warrant holders
to pay such taxes. Shareholders or warrant holders may be subject to withholding taxes or other taxes with respect to their ownership
of our ordinary shares or warrants after the reincorporation.

The 1% U.S. federal excise tax on stock buybacks could be imposed on redemptions of our stock if we were to become a “covered corporation” in the future.

On August 16, 2022, President
Biden signed into law the Inflation Reduction Act of 2022, which, among other things, generally imposes a 1% U.S. federal excise tax
(the “Excise Tax”) on certain