SEC Filing Document

Company: Berto Acquisition Corp. II
Ticker: GUAC
CIK: 2081515
Filing Type: S-1/A
Document Type: S-1/A
Date Filed: 2026-05-12
Accession Number: 0001829126-26-005001
Exchange: 
SIC Code: 6770
SIC Description: Blank Checks
URL: https://www.sec.gov/Archives/edgar/data/2081515/000182912626005001/bertoacquisition2_s1a.htm

Chunk 18 of 135
Word Count: 1318
Character Count: 8060

Document Content:

warrants will also be worthless if we do not complete our initial business combination. The private placement warrants are identical to the warrants sold in this offering except that (i) the private placement warrants (including the underlying shares) may not, subject to certain limited exceptions, be transferred, assigned or sold by the holders until 30 days after the completion of our initial business combination, (ii) they (including the underlying shares) will be entitled to registration rights, (iii) they will not be redeemable by us and (iv) they may be exercised by the holders on a cashless basis. A portion of the purchase price of the private placement warrants will be added to the proceeds from this offering to be held in the trust account such that at the time of closing $250,000,000 (or $287,500,000 if the underwriters exercise their over-allotment option in full) will be held in the trust account.

Proceeds
to be held in trust account Nasdaq rules provide that at least 90% of the gross proceeds from this offering
and the sale of the private placement warrants be deposited in a trust account. Of the net proceeds we will receive from this
offering and the sale of the private placement warrants described in this prospectus, after deducting $1,000,000 in underwriting
discounts and commissions payable upon the closing of this offering and an aggregate of approximately $1,270,000 to pay fees
and expenses in connection with the closing of this offering following the closing of this offering, an aggregate of $250,000,000,
or $287,500,000 if the underwriters’ over-allotment option is exercised in full ($10.00 per unit in either case), will
be deposited into a trust account located in the United States with Continental Stock Transfer & Trust Company acting as
trustee and held only (i) uninvested as cash, (ii) in an interest-bearing or non-interest bearing demand deposit account at a
U.S. chartered commercial bank with consolidated assets of $100 billion or more selected by the trustee that is reasonably satisfactory
to us, or (iii) in U.S. government securities, within the meaning of Section 2(a)(16) of the Investment Company Act,

Table of Contents

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. To mitigate the risk that we might be deemed to be an investment
company for purposes of the Investment Company Act, which risk increases the longer we hold investments in the trust account,
we may, at any time, instruct the trustee to liquidate the investments held in the trust account and instead to hold the funds
in the trust account uninvested in cash or in an interest-bearing or non-interest-bearing demand deposit account. For more information
about the risk of the company being considered to be operating as an unregistered investment company, see “ Risk Factors —
Risks Relating to our Search for, Consummation of, or Inability to Consummate, a Business Combination — If we are
deemed to be an investment company under the Investment Company Act, we may be required to institute burdensome compliance requirements
and our activities may be restricted, which may make it difficult for us to complete our initial business combination or force
us to abandon our efforts to complete an initial business combination. ”

Except with respect
to interest earned on the funds held in the trust account that may be released to us to pay our taxes, if any, the funds held in
the trust account will not be released from the trust account until the earliest of (i) the completion of our initial business combination
in connection with a general meeting called to approve the initial business combination or without a shareholder vote by means of
a tender offer, (ii) (x) the redemption of our public shares if we are unable to complete our initial business combination within
the completion window, subject to applicable law or (y) if we extend the completion window and such extension is conditioned upon
depositing additional funds into the trust account, upon the end of a 30-day cure period after the date any such funds were required
to be deposited but were not so deposited or (iii) the redemption of our public shares properly submitted in connection with a shareholder
vote to amend our articles, which is not for the purpose of approving, or in conjunction with the consummation of, an initial business
combination, (A) to modify the substance or timing of our obligation to allow redemption in connection with our initial business combination
or to redeem 100% of our public shares if we have not consummated an initial business combination within the completion window or
(B) with respect to any other material provisions relating to the rights of holders of our ordinary shares or pre-initial business
combination activity. The proceeds deposited in the trust account could become subject to the claims of our creditors, if any, which
could have priority over the claims of our public shareholders.

Ability to extend time to complete an initial business combination We will have until the date that is 24 months from the closing of this offering to consummate our initial business combination (or 27 months from the closing of this offering if we have executed a letter of intent, agreement in principle or definitive agreement for an initial business combination within 24 months from the closing of this offering). If we anticipate that we may be unable to consummate our initial business combination within such completion window, we may seek shareholder approval to amend our articles to extend the date by which we must consummate our initial business combination. If we seek shareholder approval for of an extension, holders of our public shares (excluding our sponsor, sponsor affiliates, directors and officers to the extent they acquire public shares) will be offered an opportunity to redeem their shares at a per share price, payable in cash, equal to the aggregate amount then on deposit in the trust account, including interest earned on the funds held in the trust account (net of taxes paid or payable), divided by the number of then issued and outstanding public shares, subject to the limitations and on the conditions described herein and applicable law. Our initial shareholders will lose their entire investment in us, except to the extent they are entitled to receive distributions on the shares they own from assets outside the trust account, if any,

Table of Contents

upon our liquidation and winding up, if our initial business combination is not completed within the completion window unless we extend the amount of time we have to consummate an initial business combination by obtaining shareholder approval to amend our amended and restated memorandum and articles of association. While we do not currently intend to seek such shareholder approval, we may elect to do so in the future. There are no limitations on the number of extensions, including the number of times we may seek to extend. If we do not or are unable to extend the time period to consummate our initial business combination, our sponsor’s investment in our founder shares and our private placement warrants will be worthless.

If we are unable to complete our initial business combination within the completion window, we will as promptly as reasonably possible but not more than ten business days thereafter, subject to lawfully available funds, redeem 100% of the public shares at a per share price, payable in cash, equal to the aggregate amount then on deposit in the trust account, including interest earned on the funds held in the trust account (net of taxes paid or payable and up to $100,000 of interest to pay dissolution expenses), divided by the number of then issued and outstanding public shares, subject to our obligations under Cayman Islands law to provide for claims of creditors and subject to the other requirements of applicable law.