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

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vote in favor of the initial business combination and waive their redemption rights with respect to any Founder Shares (as defined in Note 5) they hold and any Public Shares that the Sponsor, Sponsor affiliates, officers and directors may acquire during or after this Proposed Public Offering in connection with the completion of the initial business combination. Table of Contents BERTO ACQUISITION CORP. NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS MARCH 31, 2026 The Company’s charter also provides that a public shareholder, together with any affiliate of such shareholder or any other person with whom such shareholder is acting in concert or as a “group” (as defined under Section 13 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)), will be restricted from redeeming its shares with respect to more than an aggregate of 15% or more of the Public Shares, without the prior consent of the Company.

Pursuant to the Company’s
memorandum and articles of association, if the Company is unable to complete the initial business combination within 24 months from the
closing of the Proposed Public Offering, or within 27 months from the closing of the Proposed Public Offering if the Company has executed
a letter of intent, agreement in principle or definitive agreement for an initial business combination within 24 months from the closing
of the Proposed Public Offering (the “Completion Window”), the Company will (i) cease all operations except for the purpose
of winding up, (ii) as promptly as reasonably possible but no more than ten business days thereafter subject to lawfully available funds
therefor, redeem 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 held in the trust account (which interest shall be net of taxes, Permitted Withdrawals, subject to
an annual limit of $500,000, to fund working capital, and up to $100,000 of interest to pay dissolution expenses), divided by the number
of then outstanding Public Shares, which redemption will completely extinguish the holders’ rights as shareholders (including the
right to receive further liquidating distributions, if any), subject to applicable law, and (iii) as promptly as reasonably possible
following such redemption, subject to the approval of the Company’s remaining shareholders and the Company’s board of directors,
dissolve and liquidate, subject in each case to the Company’s obligations under Cayman Islands law to provide for claims of creditors
and the requirements of other applicable law. The Sponsor, officers and directors, and any other holders of Founder Shares will not be
entitled to rights to liquidating distributions from the trust account with respect to any Founder Shares held by them if the Company
fails to complete the initial business combination within the Completion Window. However, if the Sponsor, management team and holders
of Founder Shares acquire Public Shares in or after the Proposed Public Offering, they will be entitled to liquidating distributions
from the trust account with respect to such shares if the Company fails to complete the initial business combination within the Completion
Window.

Risks and Uncertainties

Global economic conditions
remain subject to significant uncertainty and volatility resulting from a combination of changes in laws or regulations, downturns in
the financial markets or in economic conditions, inflation, fluctuations in interest rates, increases in tariffs, supply chain disruptions,
declines in consumer confidence and spending, public health considerations. Ongoing and escalating military conflicts, including the
conflict between Russia and Ukraine and conflicts in the Middle East, as well as the risk of further escalation or expansion of such
conflicts, have contributed to heightened geopolitical instability and increased uncertainty in global markets.

These conditions have adversely
affected, and may continue to adversely affect, global economic activity through, among other things, disruptions to energy and commodity
markets, volatility in foreign exchange and capital markets, supply chain dislocations, increased cybersecurity risks, and reduced cross-border
trade and investment. In addition, elevated interest rates, inflationary pressures, tightening credit conditions, and concerns regarding
sovereign debt and fiscal stability in various jurisdictions have contributed to increased volatility and reduced liquidity in global
financial markets.

The extent and duration
of these conditions remain uncertain, and the ultimate impact on the global economy, financial markets, and business confidence cannot
be predicted. Continued or worsening geopolitical tensions, adverse macroeconomic developments, or additional policy or regulatory responses
could adversely affect the Company’s search for an initial business combination and any target business with which the Company
may ultimately consummate an initial business combination.

Table of Contents

BERTO ACQUISITION CORP.
NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS
MARCH 31, 2026

Liquidity and Capital
Resources

As of March 31, 2026,
the Company had approximately $15,000 in cash and a working capital of approximately $114,000. The Company has incurred and expects to
continue to incur significant costs in pursuit of its financing and acquisition plans. In connection with the Company’s assessment
of going concern considerations in accordance with ASC 205-40 - Presentation of Financial Statements – Going Concern, “Disclosures
of Uncertainties about an Entity’s Ability to Continue as a Going Concern”, as of March 31, 2026, management has determined
that the Company’s current liquidity including access to funds from the Sponsor and/or its affiliates and the fact that the Sponsor
and/or its affiliates agreed to make those funds available and has the financial wherewithal to provide such funds, is sufficient to
fund the working capital needs of the Company until the earlier of the consummation of the Proposed Public Offering or a minimum of one
year from the date of issuance of these unaudited condensed financial statements.

Note 2 — Summary
of Significant Accounting Policies

Basis of Presentation

The unaudited condensed
financial statements are presented in U.S. dollars in conformity with accounting principles generally accepted in the United States of
America (“U.S. GAAP”) and pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (the “SEC”)
for interim financial information. Certain disclosures normally included in the unaudited condensed financial statements have been condensed
or omitted from these unaudited condensed financial statements as they are not required for interim financial statements under GAAP and
the rules of the SEC. Accordingly, these unaudited condensed financial statements do not include all the information and footnotes necessary
for a comprehensive presentation of financial position, results of operations, or cash flows. In the opinion of management, all adjustments
(consisting of normal accruals) considered for a fair presentation of the financial position, operating results and cash flows for the
periods presented have been included. Operating results for the three months ended March 31, 2026 are not necessarily indicative
of the results that may be expected for the year ending December 31, 2026 or any future period.

The accompanying unaudited
condensed financial statements should be read in conjunction with the Company’s Annual Report as of December 31, 2025,
as included elsewhere in this filing, which contains the Company’s audited financial statements and notes thereto.

Emerging Growth Company

As an emerging growth company,
the Company may take advantage of certain exemptions from various reporting requirements that are applicable to other public companies
that are not emerging growth companies including, but not limited to, not being required to comply with the auditor attestation requirements
of Section 404 of the Sarbanes-Oxley Act of 2002, reduced disclosure obligations regarding executive compensation in its periodic
reports and proxy statements, and exemptions from the requirements of holding a non-binding advisory vote on executive compensation and
shareholder approval of any golden parachute payments not previously approved.

Section 102(b)(1) of
the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until
private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class
of securities registered under the Exchange Act) are required to comply with the new or revised financial accounting standards. The JOBS
Act provides that an emerging growth company can elect to opt out of the extended transition period and comply with the requirements
that apply to non-emerging growth companies but any such election to opt out is irrevocable. The Company has elected not to opt out of
such extended transition period which means that when a standard is issued or revised and it has different application dates for public
or private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies
adopt the new or revised standard. This may make comparison of the Company’s unaudited condensed financial statements with another
public company which is neither an emerging growth company nor an emerging growth company which has opted out of using the extended transition
period difficult or impossible because of the potential differences in accounting standards used.

Table of Contents

BERTO ACQUISITION CORP.
NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS
MARCH 31, 2026

Use of Estimates