Company: TACOW
Filing Date: 2025-04-15
Form Type: S-1/A
Source: 0001829126-25-002650
Chunk: 246

Company: Berto Acquisition Corp.
Filing Date: 2025-04-15
Form: S-1/A
Chunk 246
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organizations, recapitalizations and the    
 like and for certain issuances of ordinary shares and equity-linked securities for capital raising purposes in connection with the     
 closing of our initial business combination as described elsewhere in this prospectus) for any 20 trading days within a 30 trading-day 
 period ending three business days before we send to the notice of redemption to the public warrant holders.                            |

If and when the public warrants
become redeemable by us for cash, we may not exercise our redemption right if the issuance of ordinary shares upon exercise of the public
warrants is not exempt from registration or qualification under applicable state blue sky laws or we are unable to effect such registration
or qualification. We will use our commercially reasonable efforts to register or qualify such ordinary shares under the blue sky laws
of the state of residence in those states in which warrants were offered by us in this offering.

We have established the last
of the redemption criterion discussed above to prevent a redemption call unless there is at the time of the call a significant premium
to the warrant exercise price. If the foregoing conditions are satisfied and we issue a notice of redemption of the public warrants,
each public warrant holder will be entitled to exercise his, her or its warrant prior to the scheduled redemption date. However, the
price of the ordinary shares may fall below the $18.00 redemption trigger price (as adjusted for share splits, share capitalizations,
reorganizations, recapitalizations and the like and for certain issuances of ordinary shares and equity-linked securities for capital
raising purposes in connection with the closing of our initial business combination as described elsewhere in this prospectus) as well
as the warrant exercise price after the redemption notice is issued.

Redemption procedures and cashless exercise

If we call the warrants for redemption
as described above under “— Redemption of public warrants for cash”, our management will have the option to
require any holder that wishes to exercise his, her or its warrant to do so on a “cashless basis.” In determining whether
to require all holders to exercise their warrants on a “cashless basis,” our management will consider, among other factors,
our cash position, the number of warrants that are outstanding and the dilutive effect on our shareholders of issuing the maximum number
of ordinary shares issuable upon the exercise of our warrants. If our management takes advantage of this option, all holders of warrants
would pay the exercise price by surrendering their warrants for that number of ordinary shares equal to the quotient obtained by dividing
(x) the product