Company: TACOW
Filing Date: 2025-02-10
Form Type: DRS
Source: 0001829126-25-000836
Chunk: 106

Company: Berto Acquisition Corp.
Filing Date: 2025-02-10
Form: DRS
Chunk 106
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,000, 2,300,000 and 2,012,500 founder shares, respectively, each purchased at approximately $0.003 per share. Prior to such initial investment in the company, the company had no assets, tangible or intangible. The purchase price of the founder shares was determined by dividing the amount of cash contributed to the company by the number of founder shares issued.

The number of founder shares outstanding was determined based on the expectation at the time that the total size of this offering would be a maximum of 28,750,000 units if the underwriters’ over-allotment option is exercised in full, and therefore that such founder shares would represent 20% of the outstanding shares after this offering. Up to 937,500 of the founder shares held by our sponsor and sponsor affiliates will be forfeited depending on the extent to which the underwriters’ over-allotment option is exercised. In addition, our sponsor and the underwriter have committed to purchase an aggregate of 7,750,000 private placement warrants (including if the underwriters’ over-allotment option is exercised in full), each exercisable to purchase one ordinary share at a price of $10.50 per share within the first 12 months following the closing of an initial business combination or $11.50 per share after the 12-month anniversary of the closing of the initial business combination, at a price of $1.00 per warrant, or $7,750,000 in the aggregate, in a private placement that will close simultaneously with the closing of this offering. Of those 7,750,000 private placement warrants, our sponsor has agreed to purchase 4,000,000 private placement warrants and the underwriters have agreed to purchase 3,750,000 private placement warrants. The personal and financial interests of our officers and directors may influence their motivation in identifying and selecting a target business combination, completing an initial business combination and influencing the operation of the business following the initial business combination. This risk may become more acute as the end of the completion window nears, which is the deadline for our completion of an initial business combination.

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Risks Relating to Our Securities

You will not have any rights or interests in funds from the trust account, except under certain limited circumstances. Therefore, to liquidate your investment, you may be forced to sell your public shares or warrants, potentially at a loss.

Our public shareholders will be entitled to receive funds from the trust account only upon