SEC Filing Document

Company: Berto Acquisition Corp. II
Ticker: GUAC
CIK: 2081515
Filing Type: DRS
Document Type: DRS
Date Filed: 2026-02-20
Accession Number: 0001829126-26-001498
Exchange: 
SIC Code: 6770
SIC Description: Blank Checks
URL: https://www.sec.gov/Archives/edgar/data/2081515/000182912626001498/filename1.htm

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will be exercisable for cash and the Company will not be obligated to issue ordinary shares upon exercise of a warrant unless the ordinary shares issuable upon such warrant exercise have been registered on a registration statement on Form S-1, Form S-3, Form F-1, or Form F-3, as applicable, following the initial business combination, qualified or deemed exempt from registration or qualification under the securities laws of the state of the exercising holder, or an exemption from registration or qualification is available. In the event that such condition is not satisfied with respect to a warrant, the holder of such warrant will not be entitled to exercise such warrant for cash and such warrant may have no value and expire worthless, in which case the purchaser of a unit containing Public Warrants will have paid the full purchase price for the unit solely for the ordinary shares underlying the unit.

The Company will agree that as soon as practicable,
but in no event later than 20 business days after the closing of the initial business combination, the Company will use its commercially
reasonable efforts to file with the SEC a registration statement on Form S-1, S-3, F-1, or F-3, as applicable, for the registration under
the Securities Act of the ordinary shares issuable upon exercise of the warrants, to cause the same to become effective within 60 business
days following the closing of the initial business combination and to maintain a current prospectus relating to the ordinary shares issuable
upon exercise of the warrants until the expiration of the warrants. If any such registration statement covering the ordinary shares issuable
upon exercise of the warrants is not effective by the 60th business day after the closing of the initial business combination,
then beginning on the 61st business day after the closing of the initial business combination and ending upon such registration
statement being declared effective by the SEC, and during any other period when the Company has failed to maintain an effective registration
statement covering the ordinary shares issuable upon exercise of the Public Warrants, warrant holders will have the right to exercise
such Public Warrants on a “cashless basis” in accordance with Section 3(a)(9) of the Securities Act or another exemption.
Notwithstanding the above, if the ordinary shares are at the time of any exercise of a warrant not listed on a national securities exchange
such that they satisfy the definition of a “covered security” under Section 18(b)(1) of the Securities Act, the Company
may, at its option, require holders of Public Warrants who exercise their warrants to do so on a “cashless basis” in accordance
with Section 3(a)(9) of the Securities Act and, in the event the Company so elect, it will not be required to file or maintain in
effect such registration statement.

In addition, if (x) the Company issues additional
ordinary shares or equity-linked securities for capital raising purposes in connection with the closing of its initial business combination
at a newly issued price of less than $9.20 per ordinary share (with the newly issued price to be determined in good faith by the board
of directors and, in the case of any such issuance to the initial shareholders or their affiliates, without taking into account any Founder
Shares held by the initial shareholders or such affiliates, as applicable, prior to such issuance) (y) the aggregate gross proceeds from
such issuances represent more than 60% of the total equity proceeds (including from such issuances and the Proposed Public Offering),
and interest thereon, available for the funding of the initial business combination on the date of the consummation of its initial business
combination (net of redemptions), and (z) the volume weighted average trading price of the ordinary shares during the 20 trading-day period
starting on the trading day after the day on which) the Company consummates its initial business combination (such price, the market value)
is below $9.20 per share, the exercise price of the warrants will be adjusted (to the nearest cent) to be equal to 115% of the higher
of the market value and the newly issued price, and the last sales price of the ordinary shares that triggers the Company’s right
to redeem the warrants described under “— Redemption of warrants for cash” will be adjusted (to the nearest cent)
to be equal to 180% of the higher of the market value and the newly issued price.

The Private Placement Warrants are identical to
the Public Warrants, except that the Private Placement Warrants and the ordinary shares issuable upon exercise of the Private Placement
Warrants will not be transferable, assignable or salable until 30 days after the completion of the initial business combination, subject
to certain limited exceptions. Additionally, the Private Placement Warrants will be non-redeemable by the Company and exercisable by such
holders on the same basis as the Public Warrants.

Table of Contents

BERTO ACQUISITION CORP. II

NOTES TO FINANCIAL STATEMENTS

DECEMBER 31, 2025

Redemption of Warrants for cash. Once the warrants become exercisable, the Company may redeem the outstanding warrants:

●	in whole and not in part;

●	at a price of $0.01 per warrant;

●	upon a minimum of 30 days’ prior written notice of redemption, referred to as the 30-day redemption period; and

●	if, and only if, the closing price of the ordinary share equals or exceeds $18.00 per share (as adjusted) for any 20 trading days within a 30 trading-day period ending on the third trading day prior to the date on which the Company sends the notice of redemption to the warrant holders.

The Company will not redeem the warrants as described above for cash unless a registration statement under the Securities Act covering the ordinary shares issuable upon exercise of the warrants is then effective and a current prospectus relating to those ordinary shares is available throughout the 30-day redemption period, except if the warrants may be exercised on a cashless basis and such cashless exercise is exempt from registration under the Securities.

In no event will the Company be required to net
cash settle any warrant. If the Company is unable to complete an initial business combination within the Completion Window and the Company
liquidates the funds held in the trust account, holders of warrants will not receive any of such funds with respect to their warrants,
nor will they receive any distribution from the Company’s assets held outside of the trust account with the respect to such warrants.
Accordingly, the warrants may expire worthless.

If and when the warrants become redeemable by the Company, it may exercise the redemption right even if the Company is unable to register or qualify the underlying securities for sale under all applicable state securities laws.

If the Company calls the warrants for redemption for cash, as described above, the management will have the option to require all holders that wish to exercise warrants to do so on a “cashless basis.” In determining whether to require all holders to exercise their warrants on a “cashless basis,” the management will consider, among other factors, the Company’s cash position, the number of warrants that are outstanding and the dilutive effect on the shareholders of issuing the maximum number of ordinary shares issuable upon the exercise of the warrants.

Note 8 — Subsequent Events

The Company evaluated subsequent events and transactions that occurred after December 31, 2025, the balance sheet date, up to the date the financial statements were available to be issued. Based upon this review, the Company did not identify any subsequent events that would have required adjustment to or disclosure in the financial statements, except as noted below.

Subsequent to December 31, 2025, the Company borrowed an additional amount of approximately $6,000 under the Note, resulting in an outstanding balance of approximately $22,000.

Table of Contents

25,000,000 Units

Berto Acquisition Corp. II

PRELIMINARY PROSPECTUS

Sole Book-Running Manager

Needham & Company

Until [●], 2026 (25 days after the date of this prospectus), all dealers that buy, sell or trade our units, public shares or public warrants, whether or not participating in this offering, may be required to deliver a prospectus. This is in addition to the dealers’ obligation to deliver a prospectus when acting as underwriters and with respect to their unsold allotments or subscriptions.

You should rely only on the information contained in this prospectus. We have not, and the underwriters have not, authorized anyone to provide you with different information. If anyone provides you with different or inconsistent information, you should not rely on it. We are not, and the underwriters are not, making an offer to sell securities in any jurisdiction where the offer or sale is not permitted. You should not assume that the information contained in this prospectus is accurate as of any date other than the date on the front of this prospectus.