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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to present a business combination opportunity to such entity. Table of Contents Our officers and directors presently have and, in the future, may have additional, fiduciary or contractual obligations to other entities pursuant to which such officer or director is or will be required to present a business combination opportunity to such entity. Accordingly, if any of our officers or directors becomes aware of a business combination opportunity which is suitable for an entity to which he or she has then-current fiduciary or contractual obligations, he or she will honor his or her fiduciary or contractual obligations to present such opportunity to such entity, subject to their fiduciary duties under Cayman Islands Law. As a result, our sponsor, officers and directors could have conflicts of interest in determining whether to present business combination opportunities to us or to any other special purpose acquisition company with which they may become involved.

Our articles provide that, to the fullest extent permitted by applicable law: (i) no individual serving as a director or an officer or the sponsor shall have any duty, except and to the extent expressly assumed by contract, to refrain from engaging directly or indirectly in the same or similar business activities or lines of business as us, and (ii) we renounce any interest or expectancy in, or in being offered an opportunity to participate in, any potential transaction or matter which may (a) be a corporate opportunity for any director or officer, on the one hand, and us, on the other or (b) the presentation of which would breach an existing legal obligation of a member of director, officer or sponsor to any other entity. The purpose for the surrender of corporate opportunities is to allow officers, directors or 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 an initial business combination.

Certain members of our sponsor and our officers and directors may have similar responsibilities in, or serve as directors, of other SPACs. Mr. You is serving as the Chief Executive Officer and Executive Chaiman of First Berto and the Chief Executive Officer, Chief Financial Officer and Chairman of dMY Squared. In addition, our sponsor and 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. With respect to First Berto, although on October 29, 2025, it announced that it had entered into a non-binding letter of intent for a business combination with OnMed, a business formed to solve America’s healthcare access crisis, it is not a guarantee that a definitive business combination agreement will be entered into or that such proposed business combination will consummate. Additionally, with respect to dMY Squared, although on September 9, 2025, it announced that it had entered into a business combination agreement with Horizon, a developer of advanced software development tools for quantum computers, it is not a guarantee that such proposed business combination will consummate. The fiduciary duties or obligations of our officer and directors owed to First Berto and dMy Squared 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 First Berto or dMY Squared would target. For instance, although we, First Berto and dMY Squared may pursue an initial business combination target in any industry or geographic region, we plan to focus the target search of our company in [●], while First Berto intends to focus its search on companies within the AI as well as the rapidly growing wellness, longevity and aesthetics areas and dMY Squared intends to focus its search on companies within the professional service industry that provide accounting, legal, financial, advisory or other services to public companies or private companies that are in the process of becoming public companies; (2) even if we, First Berto and dMY Squared broaden the scope of search and choose to pursue targets in any industry or geographic region, 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 (3) we have different timelines in completing a business combination. First Berto currently has until May 1, 2027 to complete a business combination. dMY Squared currently has until February 28, 2026 (which may be extended monthly for an additional one month each time to up to June 29, 2026, by resolution of the board of directors of dMY Squared) to complete a business combination. While we expect that First Berto and dMY Squared will both have priority over us with respect to acquisition opportunities, due to shorter completion windows, a target that we pursue may not be a suitable target for First Berto or dMY Squared because it may not be able to combine with either First Berto or dMY Squared before its deadline. With respect to companies other than First Berto and dMY Squared, 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.

Table of Contents

OUR SPONSOR

Our sponsor, Berto Acquisition Sponsor II LLC, is a Cayman Islands limited liability company, which was formed to invest in us. The activities undertaken by our sponsor are focused on investing in our company. The managing member of our sponsor is Harry You, the Chief Executive Officer of the company and Chairman of the Board. Mr. You controls the management of our sponsor, including the exercise of voting and investment discretion over the securities of our company held by our sponsor. As of the date of this prospectus, other than Mr. You, no other officer or director of our company has a direct material interest in our sponsor. As of the date of this prospectus, Mr. You owns membership interest representing an aggregate of approximately      % of the economic rights attributable to the founder shares held by our sponsor and 100% of the economic rights attributable to the private placement warrants held by our sponsor, each subject to potential adjustment (assuming no exercise of the over-allotment option). Berto Barquillo LLC (“Barquillo”), a Cayman Islands limited liability company and one of the non-managing investors of the Sponsor, owns membership interest representing an aggregate of approximately      % of the economic rights attributable to the founder shares held by our sponsor. The membership interests held by investors other than Mr. You are not subject to adjustment. The managing member of Barquillo is Mr. You, and Mr. You controls the management of Barquillo, including the exercise of voting and investment discretion over the membership interests of our sponsor held by Barquillo. [Other than Harry You, none of the other members of our sponsor will be officers or directors of, or otherwise participate in, the management of our company.]

The membership interests of the Sponsor do not confer on the holders voting or other rights to direct or manage our company. The direction and management of our company is vested in the board of directors and management team pursuant to our articles.

The following table sets forth the payments to be received by our sponsor and its affiliates from us prior to or in connection with the completion of our initial business combination and the securities issued and to be issued by us to our sponsor or its affiliates:

Entity Amount of Compensation to be Received or Securities Issued or to be Issued Consideration Paid or to be Paid

Berto Acquisition Sponsor II LLC 2,525,000 ordinary shares (of which 346,207 shares are subject to forfeiture if the underwriters do not exercise their over-allotment option). $8,782.61 (approximately $0.003 per share)