Company: TACOW
Filing Date: 2025-06-12
Form Type: 10-Q
Source: 0001829126-25-004454
Chunk: 44

Company: Berto Acquisition Corp.
Filing Date: 2025-06-12
Form: 10-Q
Item: Part I, Item 2
Chunk 44
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      target businesses primarily in North America and Europe, with a keen interest in new energy businesses, circular economy initiatives,
      and innovative agricultural and food technologies. We have not selected any specific business combination target and we have not,
      nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target.

Our
      sponsor is Berto Acquisition Sponsor LLC, a Cayman Islands limited liability company (the “Sponsor”).

Financing
      Activities

Our
      registration statement for the initial public offering (the “Initial Public Offering”) was declared effective on April 29,
      2025. On May 1, 2025, we consummated our Initial Public Offering of 30,015,000 units (the “Units” and, with respect
      to the ordinary shares included in the Units being offered, the “Public Shares”), including the issuance of 3,915,000
      Units as a result of the underwriters’ full exercise of their over-allotment option, at $10.00 per Unit, generating gross
      proceeds of $300.15 million, and incurring offering costs of approximately $17.8 million, of which approximately $11.7 million
      was for deferred underwriting commissions.

Simultaneously
      with the closing of the Initial Public Offering, we consummated the private placement (“Private Placement”) of 3,500,000
      warrants (the “Sponsor Private Placement Warrants”) to our Sponsor at a purchase price of $1.00 per Sponsor Private
      Placement Warrant, generating gross proceeds to the Company of $3.5 million.

Additionally,
      simultaneously with the closing of the Initial Public Offering, we issued an aggregate of 3,750,000 warrants (the “Underwriter
      Private Placement Warrants”, and together with the Sponsor Private Placement Warrants, the “Private Placement Warrants”)
      to designees of the Representatives.

19

The
      Trust Account

Upon
      the closing of the Initial Public Offering and the Private Placement, we deposited $300.15 million ($10.00 per share) of net proceeds,
      including the net proceeds of the Initial Public Offering and certain of the proceeds of the Private Placement in a trust account
      (“Trust Account”) located in the United States with Continental Stock Transfer & Trust Company acting as trustee,
      and would be held only (i) uninvested as cash, (ii) in an interest