Company: TACOW
Filing Date: 2025-04-09
Form Type: S-1/A
Source: 0001829126-25-002484
Chunk: 117

Company: Berto Acquisition Corp.
Filing Date: 2025-04-09
Form: S-1/A
Chunk 117
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)(2)     |     | $ |           8 |
| Public shareholders’ investment           
 per share                                 |     | $ |       10.00 |
| Investment of the sponsor and sponsor     
 affiliates per share(3)                   |     | $ |        0.68 |

| (1) | Does not take into account other potential impacts on our valuation at the time of the business combination,                              
 such as the trading price of our public shares, the terms of the business combination transaction (including any equity issued to         
 or retained by, or cash or other consideration paid to, the target’s shareholder or other third parties), the business combination        
 transaction costs, or the target’s business itself, including its assets, liabilities, management and prospects. For instance,            
 the potential dilution experienced by holders of our ordinary shares may be mitigated if the business combination agreement is structured 
 such that the potential dilutive impact of the founder shares is borne by all shareholders in the pro forma company.                      |
| (2) | Note that redemptions of our public shares in connection with our initial business combination would                                      
 further reduce the implied value of our ordinary shares. For instance, in this example, if 50% of the public shares were redeemed         
 in connection with our initial business combination, the implied value per ordinary share would be $6.67.                                 |
| (3) | The total investment of the sponsor and sponsor affiliates in the equity of the company, inclusive                                        
 of the founder shares and the sponsor’s $3,500,000 investment in the private placement warrants, is $3,523,956.52.                        |

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Upon the closing of this offering,
our sponsor (including sponsor affiliates) will have invested in us an aggregate of $3,523,956.52, comprised of the $23,956.52 purchase
price for the founder shares and the $3,500,000 purchase price for the private placement warrants. Assuming a trading price of $10.00
per share upon consummation of our initial business combination, the 6,250,000 founder shares (assuming no exercise of the overallotment
option and the forfeiture of 937,500 founder shares) would have an aggregate implied value of $62,500,000. Assuming no additional shares
are issued upon exercise of any warrants held by the sponsor, even if the trading price of our ordinary shares were as low as $0.59 per
share,