Company: TACOW
Filing Date: 2025-04-18
Form Type: S-1/A
Source: 0001829126-25-002771
Chunk: 181

Company: Berto Acquisition Corp.
Filing Date: 2025-04-18
Form: S-1/A
Chunk 181
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 combination, and the value of the founder shares following completion of our initial business combination is likely to be substantially higher than the nominal price paid for them, even if the trading price of our ordinary shares at such time is substantially less than $10.00 per share.”

Our founder shares are of the
same class as the ordinary shares included in the units being sold in this offering. Our founder shares are identical to the public shares
except that the founder shares are entitled to registration rights and subject to certain transfer restrictions, as described in more
detail in this prospectus. Unlike in other SPACs, our founder shares do not have conversion and anti-dilution rights in connection with
the closing of a business combination. Therefore, if additional ordinary shares or equity-linked securities are issued or deemed issued
in connection with our initial business combination, our founder shares will be diluted by such issuance pro rata with the public shares.

Pursuant to a letter agreement
to be entered with us, each of our sponsor, officers and directors, and the consultant who owns founder shares has agreed to restrictions
on its ability to transfer, assign, or sell the founder shares and private placement warrants, as summarized in the table below. Our
letter agreement with our sponsor, officers and directors, and consultant, which contains the below provisions relating to transfer restrictions
of our founder shares and private placement warrants, may be amended without shareholder approval. Such transfer restrictions have been
amended in connection with business combinations for certain other SPACs. While we do not expect our board to approve any amendment to
the letter agreement prior to our initial business combination, it may be possible that our board, in exercising its business judgment
and subject to its fiduciary duties, chooses to approve one or more amendments to the letter agreement.

| Subject    
 Securities |     | Expiration                                                                                                                                
 Date                                                                                                                                      |     | Persons                 
 Subject to Restrictions |     | Exceptions                                                                                                                          
 to Transfer Restrictions                                                                                                            |
| Founder    
 Shares     |     | The                                                                                                                                       
 founder shares are not transferable or salable until the earlier of (A) one year after the completion of our initial business combination 
 and (B), subsequent to our initial business combination, (x) the closing price of the ordinary shares equals or exceeds $12.00 per        
 share (as adjusted for share sub-divisions, share capitalizations, reorganizations, recapitalizations and the like) for any 20 trading    
 days within any 30-trading day period, provided such release