Company: TACOW
Filing Date: 2025-06-12
Form Type: 10-Q
Source: 0001829126-25-004454
Chunk: 49

Company: Berto Acquisition Corp.
Filing Date: 2025-06-12
Form: 10-Q
Item: Part I, Item 2
Chunk 49
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, we would repay the Working Capital Loans. In the event that the Initial Business Combination
      does not close, we may use a portion of proceeds held outside the Trust Account to repay the Working Capital Loans but no proceeds
      held in the Trust Account would be used to repay the Working Capital Loans. If the Sponsor makes any Working Capital Loans, up
      to $1.5 million of such loans may be convertible into warrants of the post Initial Business Combination entity at a price of $1.00
      per warrant at the option of the lender. The warrants and their underlying securities would be identical to the Sponsor Private
      Placement Warrants. As of March 31, 2025, we had no borrowings under the Working Capital Loans.

21

In
      connection with the Company’s assessment of going concern considerations in accordance with FASB ASC 205-40 - Presentation
      of Financial Statements – Going Concern, “Disclosures of Uncertainties about an Entity’s Ability to Continue
      as a Going Concern”, as of March 31, 2025, our management has determined that our current liquidity including, our access
      to funds from the Sponsor entity and the fact that our Sponsor and/or its affiliates agrees to make those funds available and has
      the financial wherewithal to provide such funds and the net proceeds from the closing of the Initial Public Offering and the Private
      Placement held outside Trust once consummated, is sufficient to fund us the working capital needs through a minimum of one year
      from the date of issuance of these unaudited condensed financial statements.

Risks
      and Uncertainties

Various
      macroeconomic, geopolitical and regulatory uncertainties and challenges pose risks to economic conditions in the U.S. and globally,
      including, among others, any resurgence in inflation; changes to trade and tariffs, immigration, energy and other policies; changes
      in interest rate policies; the Russia-Ukraine war; conflicts in the Middle East; and economic conditions and tensions involving
      China.

These
      and other risks could negatively impact economic growth rates and unemployment levels in the U.S. and other countries and result
      in volatility and disruptions in financial markets. Such risks could also adversely affect our search for an Initial Business Combination
      and any target business with which we may ultimately consummate an Initial Business Combination.

Results
      of Operations

Our
      entire activity from July 15, 2024 (inception) through March 31, 202