Company: TACOW
Filing Date: 2025-04-09
Form Type: S-1/A
Source: 0001829126-25-002484
Chunk: 231

Company: Berto Acquisition Corp.
Filing Date: 2025-04-09
Form: S-1/A
Chunk 231
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membership interests in our sponsor. Out of the total 6,887,500 founder shares held by our sponsor and sponsor affiliates, the sponsor,
Harry You and Robert You each directly holds 2,575,000, 2,300,000 and 2,012,500 founder shares, respectively, each purchased at approximately
$0.003 per share. The number of founder shares outstanding was determined based on the expectation 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 the sponsor
and sponsor affiliates will be forfeited depending on the extent to which the underwriters’ over-allotment option is exercised.
If we increase or decrease the size of the offering, we will effect with our sponsor a share dividend or share surrender or other appropriate
mechanism, as applicable, with respect to our founder shares immediately prior to the consummation of this offering in such amount as
to maintain the number of founder shares at 20% of our issued and outstanding ordinary shares upon the consummation of this offering.

Our sponsor in this offering
has committed to purchase an aggregate of 3,500,000 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, for an aggregate purchase price of $3,500,000, in a private placement that will occur simultaneously
with the closing of this offering. The private placement warrants are identical to the warrants sold as part of the units in this offering
except that: (i) they may not (including the ordinary shares issuable upon exercise of these warrants), subject to certain limited exceptions,
be transferred, assigned or sold by the holders until 30 days after the completion of our initial business combination; (ii) they (including
the underlying shares) will be entitled to registration rights; (iii) they will not be redeemable by us; and (iv) they may be exercised
by the holders on