Company: TACOW
Filing Date: 2025-04-15
Form Type: S-1/A
Source: 0001829126-25-002650
Chunk: 276

Company: Berto Acquisition Corp.
Filing Date: 2025-04-15
Form: S-1/A
Chunk 276
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 on the IRS or the courts. Because there
are no authorities that directly address instruments that are similar to the units, no assurance can be given that the IRS or the courts
will agree with the characterization described above or the discussion below. Accordingly, each prospective investor is urged to consult
its tax own advisor regarding the tax consequences of an investment in a unit (including alternative characterizations of a unit). The
balance of this discussion assumes that the characterization of the units described above will be respected for United States federal
income tax purposes.

U.S. Holders

This section applies to you if
you are a “U.S. Holder.” A U.S. Holder is a beneficial owner of our units, ordinary shares or warrants that is, for United
States federal income tax purposes:

| ● | an individual who is a citizen or resident of the United States; |

| ● | a corporation (or other entity taxable as a corporation for                                                                       
 United States federal income tax purposes) organized in or under the laws of the United States, any state thereof or the District 
 of Columbia;                                                                                                                      |

| ● | an estate whose income is subject to United States federal 
 income tax regardless of its source; or                    |

| ● | a trust, if (i) a court within the United States is able to                                                                            
 exercise primary supervision over the administration of the trust and one or more “United States persons” (as defined                  
 in the Code) have authority to control all substantial decisions of the trust or (ii) it has a valid election in effect under Treasury 
 Regulations to be treated as a United States person.                                                                                   |

Taxation of Distributions

Subject to the passive foreign
investment company (“PFIC”) rules discussed below, a U.S. Holder generally will be required to include in gross income as
a dividend in the year actually or constructively received by the U.S. Holder the amount of any distribution of cash or other property
(other than certain distributions of our shares or rights to acquire our shares) paid on our ordinary shares to the extent the distribution
is paid out of our current or accumulated earnings and profits (as determined under United States federal income tax principles). Distributions
in excess of such earnings and profits generally will be treated as (i) a nontaxable return of capital, applied to reduce a U.S. Holder’s
basis in its ordinary shares (but not below zero) and (ii) to the extent of any remaining excess, gain from the sale or exchange of such