Company: TACOW
Filing Date: 2025-06-12
Form Type: 10-Q
Source: 0001829126-25-004454
Chunk: 46

Company: Berto Acquisition Corp.
Filing Date: 2025-06-12
Form: 10-Q
Item: Part I, Item 2
Chunk 46
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 the Initial Business Combination or to redeem 100% of Public Shares if we have not consummated an Initial Business Combination
      within the completion window or (B) with respect to any other material provisions relating to the rights of holders of ordinary
      shares or pre-Initial Business Combination activity. The proceeds deposited in the Trust Account could become subject to the claims
      of our creditors, if any, which could have priority over the claims of the holders of the Public Shares (the “Public Shareholders”).

Initial
      Business Combination

Our
      management has broad discretion with respect to the specific application of the net proceeds of the Initial Public Offering and
      the sale of Sponsor Private Placement Warrants, although substantially all of the net proceeds of the Initial Public Offering are
      intended to be generally applied toward consummating an Initial Business Combination. The Initial Business Combination must occur
      with one or more businesses having an aggregate fair market value of at least 80% of the value of the Trust Account (excluding
      any deferred underwriters fees and taxes payable on the income earned on the Trust Account) at the time of the agreement to enter
      into the Initial Business Combination. However, we will only complete an Initial Business Combination if the post-transaction company
      owns or acquires 50% or more of the voting securities of the target or otherwise acquires a controlling interest in the target
      sufficient for it not to be required to register as an investment company under the Investment Company Act. Furthermore, there
      is no assurance that we will be able to successfully effect an Initial Business Combination.

We
      provide Public Shareholders with the opportunity to redeem all or a portion of their Public Shares upon the completion of an Initial
      Business Combination either (i) in connection with a shareholders’ meeting called to approve the Initial Business Combination
      or (ii) by means of a tender offer. The decision as to whether we will seek shareholder approval of an Initial Business Combination
      or conduct a tender offer will be made by us, solely in our discretion, and will be based on a variety of factors such as the timing
      of the transaction and whether the terms of the transaction would require us to seek shareholder approval under applicable law
      or stock exchange listing requirement. The Public Shareholders will be entitled to redeem their Public Shares for a pro rata portion
      of the amount then held in the Trust Account calculated as of two business days prior to the consummation of the Initial Business