Company: TACOW
Filing Date: 2025-03-21
Form Type: S-1
Source: 0001829126-25-001978
Chunk: 332

Company: Berto Acquisition Corp.
Filing Date: 2025-03-21
Form: S-1
Chunk 332
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the company, and pursuant to our articles; such actions include amending our articles and approving a statutory merger or consolidation
with another company. Our board of directors is divided into three classes, each of which will generally serve for a term of three
years with only one class of directors being appointed in each year. There is no cumulative voting with respect to the appointment
of directors, with the result that the holders of more than 50% of the shares voted for the appointment of directors can appoint
all of the directors. Our shareholders are entitled to receive ratable dividends when, as and if declared by the board of directors
out of funds legally available therefor.

<div align='center'>F-16

BERTO ACQUISITION CORP.

NOTES TO FINANCIAL STATEMENTS

DECEMBER 31, 2024</div>

Warrants

As of December 31, 2024, there were no
Public Warrants or Private Placement Warrants outstanding. Public Warrants may only be exercised for a whole number of shares.
No fractional Public Warrants will be issued upon separation of the units and only whole Public Warrants will trade. The Public
Warrants will become exercisable 30 days after the completion of a Business Combination; provided that the Company has an effective
registration statement under the Securities Act covering the ordinary shares issuable upon exercise of the Public Warrants and
a current prospectus relating to them is available (or the Company permits holders to exercise their Public Warrants on a cashless
basis and such cashless exercise is exempt from registration under the Securities Act). The Company agreed that as soon as practicable,
but in no event later than 20 business days after the closing of the initial Business Combination, the Company will use its commercially
reasonable efforts to file with the SEC have an effective registration statement covering the ordinary shares issuable upon exercise
of the warrants and to maintain a current prospectus relating to those ordinary shares until the warrants expire or are redeemed.
If a registration statement covering the ordinary shares issuable upon exercise of the warrants is not effective by the 60th business
day after the closing of the initial Business Combination, warrant holders may, until such time as there is an effective registration
statement and during any period when the Company will have failed to maintain an effective registration statement, exercise warrants
on a “cashless basis” in accordance with Section 3(a)(9) of the Securities Act or another exemption. Notwithstanding
the above, if the Company