SEC Filing Document

Company: Berto Acquisition Corp. II
Ticker: GUAC
CIK: 2081515
Filing Type: 424B4
Document Type: 424B4
Date Filed: 2026-05-18
Accession Number: 0001829126-26-005386
Exchange: 
SIC Code: 6770
SIC Description: Blank Checks
URL: https://www.sec.gov/Archives/edgar/data/2081515/000182912626005386/bertoacquisition2_424b4.htm

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other representatives with multiple business affiliations to continue to serve as an officer of our company or on our board of directors. Our officers and directors may from time to time be presented with opportunities that could benefit both another business affiliation and us. In the absence of the “corporate opportunity” waiver in our articles, certain candidates would not be able to serve as an officer or director. We believe we substantially benefit from having representatives who bring significant, relevant and valuable experience to our management, and, as a result, the inclusion of the “corporate opportunity” waiver in our articles provide us with greater flexibility to attract and retain the officers and directors that we feel are the best candidates. We do not believe, however, that the fiduciary duties or contractual obligations of our officers or directors will materially affect our ability to complete our initial business. Table of Contents

Certain members of our sponsor and our officers and directors may have similar responsibilities in, or serve as directors of, other SPACs. Harry You is serving as the Chief Executive Officer and Executive Chairman of First Berto. Vikas Mittal, our Executive Chairman, serves as Chief Financial Officer of First Berto and Chief Executive Officer and Chief Financial Officer of Investcorp, Principal Executive Officer and a director of Investcorp AI, Co-Chief Executive Officer and Chief Financial Officer of CSLM III, and a director of BIXI. Our directors, Sam Lynn, Darla K. Anderson and Constance K. Weaver, serve as directors of First Berto. In addition, our sponsor, our officers and directors or any of their affiliates may sponsor or form other SPACs similar to ours or may pursue other business or investment ventures during the period in which we are seeking an initial business combination. Any such companies, businesses or investments may present additional conflicts of interest in pursuing an initial business combination. The fiduciary duties or obligations of our officer and directors owed to First Berto, Investcorp, Investcorp AI, CSLM III, and BIXI, as applicable, may materially affect our ability to complete our initial business combination. However, we believe that certain factors may mitigate the impact of such conflicts, including: (1) the type of transaction we would target would be of a nature different than what BIXI would target, as BIXI is targeting companies in the digital asset infrastructure and applications sectors; (2) certain of such entities have already identified targets (for example, CSLM III entered into a non-binding letter of intent with First Digital in December 2025, and Investcorp AI signed a definitive business combination agreement with Blue Finance in April 2026); (3) our management team has significant experience in identifying and executing multiple acquisition opportunities simultaneously, and we believe there are multiple potential opportunities across all industries and geographic regions; and (4) we have different timelines in completing a business combination (First Berto currently has until May 1, 2027 to complete a business combination; BIXI currently has until December 1, 2027; CSLM III currently has until August 26, 2027; Investcorp currently has until December 17, 2027; and Investcorp AI currently has until May 12, 2027). While we expect that First Berto, BIXI, CSLM III, Investcorp, and Investcorp AI will have priority over us with respect to acquisition opportunities (although each of CSLM III and Investcorp AI have identified targets already), due to shorter completion windows, a target that we pursue may not be a suitable target for such other SPACs because it may not be able to combine with them before its deadline. With respect to companies other than First Berto, BIXI, CSLM III, Investcorp, and Investcorp AI, we do not believe the fiduciary duties or contractual obligations of our officers or directors owed to such entities will materially affect our ability to complete an initial business combination, because such entities are not themselves in the business of engaging in business combinations.

Our officers and our directors may have interests that differ from you in connection with the business combination, including the fact that they may lose their entire investment in us if our initial business combination is not completed, except to the extent they are entitled to receive liquidating distributions from assets outside the trust account or liquidating distributions from the trust account with respect to any public shares they may acquire, and accordingly, may have a conflict of interest in determining whether a particular target business is an appropriate business with which to effectuate our initial business combination.

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Additionally, the personal and financial interests of our directors and executive officers may influence their motivation in timely identifying and pursuing an initial business combination or completing our initial business combination. For example, a prospective initial business combination with a shorter timeline to completion could cause our directors and executive officers to prioritize it over finding an even more attractive acquisition target which may be more difficult or time-intensive to consummate. Consequently, our directors’ and executive officers’ discretion in identifying and selecting a suitable target business may result in a conflict of interest when determining whether the terms, conditions and timing of a particular business combination are appropriate and in our shareholders’ best interest, which could negatively impact the timing for a business combination.

In addition to the above, our officers and directors are not required to commit any specified amount of time to our affairs, and, accordingly, may have conflicts of interest in allocating management time among various business activities, including selecting a business combination target and monitoring the related due diligence. See “ Risk Factors — Our officers and directors will allocate their time to other businesses thereby causing conflicts of interest in their determination as to how much time to devote to our affairs. This conflict of interest could have a negative impact on our ability to complete our initial business combination. ”

Additionally, our sponsor, sponsor affiliates and executive officers and directors have agreed to waive their redemption rights with respect to any founder shares and any public shares held by them in connection with the consummation of our initial business combination. Further, our sponsor, sponsor affiliates and executive officers and directors have agreed to waive their redemption rights with respect to any founder shares held by them if we are unable to complete our initial business combination within the completion window. If we do not complete our initial business combination within the completion window, the proceeds of the sale of the private placement warrants held in the trust account will be used to fund the redemption of our public shares. With certain limited exceptions, the founder shares will not be transferable, assignable or salable by our sponsor or its permitted transferees until 18 months after the completion of our initial business combination. With certain limited exceptions, the private placement warrants and the ordinary shares underlying such warrants, will not be transferable, assignable or salable by our sponsor or its permitted transferees until 30 days after the completion of our initial business combination. Since our sponsor and executive officers and directors may directly or indirectly own ordinary shares and warrants following this offering, our officers and directors may have a conflict of interest in determining whether a particular target business is an appropriate business with which to effectuate our initial business combination because of their financial interest in completing an initial business combination within the completion window.

Our sponsor and members of our management team will directly or indirectly own our securities following this offering, and accordingly, they may have a conflict of interest in determining whether a particular target business is an appropriate business with which to effectuate our initial business combination. Our sponsor and sponsor affiliates (including Harry L. You, the founder of the Company and the managing member of the Sponsor, and Robert You, our Chief Financial Officer and President) paid a nominal aggregate purchase price of approximately $0.003 per share for the founder shares held by it. Accordingly, our management team, which owns interests in our sponsor and includes member directly owns founder shares, may be more willing to pursue a business combination with a riskier or less-established target business than would be the case if our sponsor and sponsor affiliates had paid the same per share price for the founder shares as our public shareholders paid for their public shares.

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