Company: TACOW
Filing Date: 2025-06-12
Form Type: 10-Q
Source: 0001829126-25-004454
Chunk: 45

Company: Berto Acquisition Corp.
Filing Date: 2025-06-12
Form: 10-Q
Item: Part I, Item 2
Chunk 45
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 bearing or non-interest bearing demand deposit account at a
      U.S. chartered commercial bank with consolidated assets of $100 billion or more selected by the trustee that is reasonably satisfactory
      to the Company, or (iii) invested only in U.S. government securities, within the meaning of Section 2(a)(16) of the Investment
      Company Act of 1940 (the “Investment Company Act”), with a maturity of one hundred eighty-five (185) days or less,
      or in money market funds that meet certain conditions under Rule 2a-7 under the Investment Company Act and that invest only
      in direct U.S. government treasury obligations. To mitigate the risk that the Company might be deemed to be an investment company
      for purposes of the Investment Company Act, which risk increases the longer the Company holds investments in the Trust Account,
      it may, at any time, instruct the trustee to liquidate the investments held in the Trust Account and instead to hold the funds
      in the Trust Account uninvested in cash or in an interest-bearing or non-interest-bearing demand deposit account. Funds will remain
      in the Trust Account until the earlier of (i) the consummation of the Initial Business Combination or (ii) the distribution of
      the Trust Account proceeds as described below.

Except
      with respect to interest earned on the funds held in the Trust Account that may be released to us to pay our taxes, if any, none
      of the funds held in the Trust Account will be released until the earlier of (i) the completion of the Initial Business Combination
      in connection with a general meeting called to approve the Initial Business Combination or without a shareholder vote by means
      of a tender offer; (ii) the redemption of any Public Shares if we were unable to complete the Initial Business Combination within
      the completion window (as defined below), subject to applicable law or (y) if we extend the completion window and such extension
      is conditioned upon depositing additional funds into the Trust Account, upon the end of a 30-day cure period after the date any
      such funds were required to be deposited but were not so deposited or (iii) the redemption of Public Shares properly submitted
      in connection with a shareholder vote to amend our articles not for the purpose of approving, or in conjunction with the consummation
      of, an Initial Business Combination, (A) to modify the substance or timing of our obligation to allow redemption in connection
      with