Company: TACOW
Filing Date: 2025-04-15
Form Type: S-1/A
Source: 0001829126-25-002650
Chunk: 236

Company: Berto Acquisition Corp.
Filing Date: 2025-04-15
Form: S-1/A
Chunk 236
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 of our initial business combination,
including interest earned on the funds held in the trust account (which interest shall be net of taxes paid or taxes payable), divided
by the number of then issued and outstanding public shares, subject to the limitations described herein. The amount in the trust account
is initially anticipated to be $10.00 per public share. The per share amount we will distribute to investors who properly redeem their
shares will not be reduced by the deferred underwriting commissions we will pay to the underwriters. Our initial shareholders, sponsor,
officers and directors, and the consultant who owns founder shares have entered into a letter agreement with us, pursuant to which they
have agreed to waive their redemption rights with respect to any founder shares they hold and public shares the sponsor, sponsor affiliates,
officers and directors hold in connection with the completion of our initial business combination. Unlike many SPACs that hold shareholder
votes and conduct proxy solicitations in conjunction with their initial business combinations and provide for related redemptions of
public shares for cash upon completion of such initial business combinations even when a vote is not required by law, if a shareholder
vote is not required by law and we do not decide to hold a shareholder vote for business or other legal reasons, we will, pursuant to
our articles, conduct the redemptions pursuant to the tender offer rules of the SEC, and file tender offer documents with the SEC prior
to completing our initial business combination. Our articles will require these tender offer documents to contain substantially the same
financial and other information about our initial business combination and the redemption rights as is required under the SEC’s
proxy rules. If, however, a shareholder approval of the transaction is required by law, or we decide to obtain shareholder approval for
business or other legal reasons, we will, like many SPACs, offer to redeem shares in conjunction with a proxy solicitation pursuant to
the proxy rules and not pursuant to the tender offer rules. If we seek shareholder approval, we will complete our initial business combination
only if we receive an ordinary resolution under Cayman Islands law, passed by the affirmative vote of at least a majority of the votes
cast by the shareholders of the issued shares represented in person or represented by proxy and are voted at a general meeting of the
company. However, if our initial business combination is structured as a statutory merger or consolidation with another company under
Cayman Islands law, a special resolution passed by the affirmative vote of at least two-thirds of our ordinary shares which are represented