Company: TACOW
Filing Date: 2025-04-09
Form Type: S-1/A
Source: 0001829126-25-002484
Chunk: 238

Company: Berto Acquisition Corp.
Filing Date: 2025-04-09
Form: S-1/A
Chunk 238
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class (except for those directors appointed prior to our first annual general meeting) serving a three-year term.

In accordance with Nasdaq corporate
governance requirements, we are not required to hold an annual general meeting until no later than one year after our first full fiscal
year end following our listing on Nasdaq. There is no requirement under the Companies Act for us to hold annual or extraordinary general
meetings or appoint directors. We may not hold an annual general meeting to appoint new directors prior to the consummation of our initial
business combination.

We will provide our public
shareholders (excluding our sponsor, sponsor affiliates, directors and officers to the extent they acquire public shares) with the opportunity
to redeem, regardless of whether they abstain, vote for, or against, our initial business combination, all or a portion of their public
shares in connection with the completion of our initial business combination at a per-share price, payable in cash, equal to the aggregate
amount then on deposit in the trust account calculated as of two business days prior to the consummation 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