Company: TACOW
Filing Date: 2025-06-12
Form Type: 10-Q
Source: 0001829126-25-004454
Chunk: 51

Company: Berto Acquisition Corp.
Filing Date: 2025-06-12
Form: 10-Q
Item: Part I, Item 2
Chunk 51
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 the Initial Business Combination or our liquidation,
      we will cease paying these monthly fees. Payment for such administrative services to the Sponsor will be deferred and payable upon
      closing of an Initial Business Combination and will only be paid out of funds remaining outside of Trust Account.

22

Our
      Sponsor, executive officers and directors, or any of their respective affiliates will be reimbursed for any out-of-pocket expenses
      incurred in connection with activities on our behalf such as identifying potential target businesses and performing due diligence
      on suitable Initial Business Combinations. These individuals will be eligible to receive a transfer or reallocation of Founder
      Shares for any extraordinary services rendered in order to identify or effectuate the consummation of the Initial Business Combination.
      We may pay cash compensation to its independent directors for services rendered to us. Additionally, we may pay consulting, success,
      advisory, or finder’s fees to our Sponsor, our officers or directors, advisors, or affiliates thereof in connection with
      the consummation of the Initial Business Combination. Our audit committee will review on a quarterly basis all payments that were
      made to our Sponsor, executive officers or directors, or our or their affiliates.

In
      addition, pursuant to the administrative services and indemnification agreement described above, we will indemnify our Sponsor
      from any claims arising out of or relating to the Initial Public Offering or our operations or conduct of our business or any claim
      against our Sponsor alleging any expressed or implied management or endorsement by our Sponsor of any of our activities or any
      express or implied association between our Sponsor and us or any of its affiliates, which agreement provides that the indemnified
      parties cannot access the funds held in the Trust Account.

Underwriting
      Agreement

We
      granted the underwriters a 45-day option to purchase up to 3,915,000 additional Units to cover over-allotments at the Initial Public
      Offering price, less the underwriting discounts and commissions. On May 1, 2025, the underwriters fully exercised their over-allotment
      option.

The
      underwriters were entitled to (1) an upfront underwriting fee of an aggregate amount of approximately $1.5 million, paid upon the
      closing of the Initial Public Offering, (2) an aggregate of 3,750,000 Underwriter Private Placement Warrants issued upon the closing
      of the Initial Public Offering, and (3) a deferred underwriting fee of approximately $11.7