Company: TACOW
Filing Date: 2025-03-21
Form Type: S-1
Source: 0001829126-25-001978
Chunk: 153

Company: Berto Acquisition Corp.
Filing Date: 2025-03-21
Form: S-1
Chunk 153
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 option is exercised
in full). Such purchase of the private placement warrants will be funded by our sponsor. Of this amount, $250,000,000 (or $287,500,000
if the underwriters’ over-allotment option is exercised in full) will be held in the trust account. The proceeds held in the trust
account will be invested only in U.S. government treasury obligations with a maturity of 185 days or less or in money market funds meeting
certain conditions under Rule 2a-7 under the Investment Company Act which invest only in direct U.S. government treasury obligations.
The remaining approximately $1,530,000 will not be held in the trust account. In the event that our offering expenses exceed our estimate
of $1,220,000, we may fund such excess with funds not to be held in the trust account. In such case, the amount of funds we intend to
be held outside the trust account would decrease by a corresponding amount. Conversely, in the event that the offering expenses are less
than our estimate of $1,220,000, the amount of funds we intend to be held outside the trust account would increase by a corresponding
amount.

We intend to use substantially
all of the funds held in the trust account, including any amounts representing interest earned on the trust account (which interest shall
be net of taxes paid or payable and excluding deferred underwriting commissions) to complete our initial business combination. We may
withdraw interest to pay our taxes. We may pay from funds from this offering held outside of the trust account or from interest earned
on the funds held in the trust account and released to us for this purpose. Our annual income tax obligations will depend on the amount
of interest and other income earned on the amounts held in the trust account. We expect the interest earned on the amount in the trust
account will be sufficient to pay our income taxes. To the extent that our equity or debt is used, in whole or in part, as consideration
to complete our initial business combination, the remaining proceeds held in the trust account will be used as working capital to finance
the operations of the target business or businesses, make other acquisitions and pursue our growth strategies.

Prior to the completion of our
initial business combination, we will have available to us the approximately $1,530,000 of proceeds held outside the trust account. We
will use these funds to primarily identify and evaluate target businesses, perform business due diligence on prospective target businesses,
travel to