Company: TACOW
Filing Date: 2025-06-12
Form Type: 10-Q
Source: 0001829126-25-004454
Chunk: 23

Company: Berto Acquisition Corp.
Filing Date: 2025-06-12
Form: 10-Q
Item: Part I, Item 1
Chunk 23
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 registration statement covering the ordinary shares
      issuable upon exercise of the Public Warrants is not effective by the 60th business day after the closing of the Initial
      Business Combination, then beginning on the 61st business day after the closing of the Initial Business Combination
      and ending upon such registration statement being declared effective by the SEC, and during any other period when the Company has
      failed to maintain an effective registration statement covering the ordinary shares issuable upon exercise of the Public Warrants,
      warrant holders will have the right to exercise such Public Warrants on a “cashless basis” in accordance with Section 3(a)(9)
      of the Securities Act or another exemption. Notwithstanding the above, if the Company’s ordinary shares are at the time of
      any exercise of a Public Warrant not listed on a national securities exchange such that they satisfy the definition of a “covered
      security” under Section 18(b)(1) of the Securities Act, the Company may, at its option, require holders of Public Warrants
      who exercise their Public Warrants to do so on a “cashless basis” in accordance with Section 3(a)(9) of the Securities
      Act and, in the event that the Company so elects, the Company will not be required to file or maintain in effect such registration
      statement.
       
      The
      Warrants will expire five years after the completion of an Initial Business Combination or earlier upon redemption or liquidation.
       
      In
      addition, if (x) the Company issues additional ordinary shares or equity-linked securities for capital raising purposes in connection
      with the closing of the Initial Business Combination at an issue price or effective issue price of less than $9.20 per ordinary
      share (with such issue price or effective issue price to be determined in good faith by the board of directors and, in the case
      of any such issuance to the Initial Shareholders or their affiliates, without taking into account any Founder Shares held by the
      Initial Shareholders or such affiliates, as applicable, prior to such issuance) (the “Newly Issued Price”), (y) the
      aggregate gross proceeds from such issuances represent more than 60% of the total equity proceeds (including from such issuances
      and the Initial Public Offering), and interest thereon, available for the funding of the initial Business Combination on the date
      of the consummation of the Initial Business Combination (net of redem