Company: TACOW
Filing Date: 2025-04-18
Form Type: S-1/A
Source: 0001829126-25-002771
Chunk: 213

Company: Berto Acquisition Corp.
Filing Date: 2025-04-18
Form: S-1/A
Chunk 213
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 three “independent
director” as defined in Nasdaq listing standards and applicable SEC rules prior to completion of this offering. Our board of directors
has determined that each of Sam Lynn, Darla K. Anderson, and Constance Weaver is an “independent director” as defined in
Nasdaq listing standards and applicable SEC rules. Our independent directors will have regularly scheduled meetings at which only independent
directors are present.

Certain exemptions are available
to us under the rules of Nasdaq and under Rule 10A-3 of the Exchange Act that allow companies a phase-in period for complying with committee
independence requirements after an initial public offering. Under these exemptions, companies are permitted to phase in compliance with
these rules and regulations as follows: (1) one member must satisfy the requirement at the time of listing; (2) a majority of members
must satisfy the requirement within 90 days of listing; and (3) all members must satisfy the requirement within one year of listing.
Furthermore, companies listing in connection with their initial public offering have twelve months from the date of listing to comply
with the majority independent board requirement. We do not intend to rely on these exemptions.

Officer and Director Compensation

As of the date of this prospectus,
none of our officers has received any cash compensation for services rendered to us. Commencing on the date that our securities are first
listed on Nasdaq through the earlier of consummation of our initial business combination and our liquidation, we will pay our sponsor
and/or its affiliates or designees $15,000 per month for office space, secretarial, administrative and support services provided to us
and members of our management team. As more fully discussed in the section of this prospectus entitled “The Offering — Limited payments to insiders”, our sponsor, officers and directors, or any affiliate of theirs, will be entitled to certain
payments including, but not limited to, reimbursement 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 business combinations. In addition, we have
agreed, pursuant to the administrative services and indemnification agreement with our sponsor relating to the monthly payment for office
space and administrative services described above, that we will indemnify our sponsor from any claims arising out of or relating to this
offering or the company’s operations or conduct of the company’s business or any claim against our sponsor alleging any expressed
or implied management or endorsement by our sponsor of any