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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affiliates or promoters on the one hand, and the investors in this offering on the other hand. See the sections titled “Our Business Combination Process” and “Management — Conflicts of Interest.” Our sponsor is supported by affiliates of Meteora Capital, LLC, an investment adviser specializing in SPAC-related investments (“Meteora”). Meteora’s principals have previous experience across the full lifecycle of SPACs, from the initial public offering to the de-SPAC business combination process. Meteora will act as a consultant to the company and purchased 300,000 founder shares at a price per share of approximately $0.003 in December 2025. Meteora is expected to purchase public units from the underwriters in this offering at the $10.00 per unit offering price. Meteora is neither a broker-dealer nor affiliated with one and is not acting as an underwriter in connection with this offering. Meteora is not an affiliate of us or our sponsor, officers or directors.

Of the gross proceeds we receive from this offering and the sale of the private placement warrants described in this prospectus, $250,000,000, or $287,500,000 if the underwriters’ over-allotment option is exercised in full ($10.00 per unit in either case), after deducting $[●] in underwriting discounts and commissions payable upon the closing of this offering and an aggregate of approximately $[●] to pay fees and expenses in connection with the closing of this offering and approximately $[●] for working capital following the closing of this offering, 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) invested only in U.S. government securities, within the meaning of Section 2(a)(16) of the Investment Company Act of 1940, as amended (the “Investment Company Act”) 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.”

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Currently, there is no public
market for our units, ordinary shares or warrants. We intend to apply to have our units listed on the Nasdaq Global Market, or Nasdaq,
under the symbol “GUACU” on or promptly after the date of this prospectus. We cannot guarantee that our securities will be
approved for listing on Nasdaq. We expect the ordinary shares and warrants comprising the units will begin separate trading on the 52nd
day following the date of this prospectus unless Needham & Company, LLC (“Needham”), the representative of the underwriters
of this offering, informs us of its decision to allow earlier separate trading, subject to our satisfaction of certain conditions as described
further herein. Once the securities comprising the units begin separate trading, we expect that the public shares and warrants will be
listed on Nasdaq under the symbols “GUAC” and “GUACW”, respectively.

We are an “emerging growth company” and a “smaller reporting company” under applicable federal securities laws and will be subject to reduced public company reporting requirements. Investing in our securities involves a high degree of risk. See “Risk Factors” beginning on page [46] for a discussion of information that should be considered in connection with an investment in our securities. Investors will not be entitled to protections normally afforded to investors in Rule 419 blank check offerings.

Neither the U.S. Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined if this prospectus is truthful or complete. Any representation to the contrary is a criminal offense. No offer or invitation, whether directly or indirectly, may be made to the public in the Cayman Islands to subscribe for our securities.

Per Unit Total

Public offering price $

Underwriting discounts and commissions (1) $

Proceeds, before expenses, to us $

The underwriters are offering the units for sale on a firm commitment basis. The underwriters expect to deliver the units to the purchasers on or about [●], 2026.

Sole Book-Running Manager

Needham & Company

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SUMMARY 1

THE OFFERING 20

SUMMARY FINANCIAL DATA 45

RISK FACTORS 46

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS 94

USE OF PROCEEDS 96

DIVIDEND POLICY 99

DILUTION 100

CAPITALIZATION 103

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 104

PROPOSED BUSINESS 111

MANAGEMENT 144

PRINCIPAL SHAREHOLDERS 155

CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS 158

DESCRIPTION OF SECURITIES 161

TAXATION 182

UNDERWRITING 194

LEGAL MATTERS 204

EXPERTS 204

WHERE YOU CAN FIND ADDITIONAL INFORMATION 204

INDEX TO FINANCIAL STATEMENTS F-1

We have not, and the underwriters have not, authorized anyone to provide you with information that is different from or inconsistent with that contained in this prospectus. 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.

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TRADEMARKS

This prospectus contains references to trademarks and service marks belonging to other entities. Solely for convenience, trademarks and trade names referred to in this prospectus may appear without the ® or ™ symbols, but such references are not intended to indicate, in any way, that the applicable licensor will not assert, to the fullest extent under applicable law, its rights to these trademarks and trade names. We do not intend our use or display of other companies’ trade names, trademarks or service marks to imply a relationship with, or endorsement or sponsorship of us by, any other companies.

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SUMMARY

This summary only highlights the more detailed information appearing elsewhere in this prospectus. As this is a summary, it does not contain all of the information that you should consider in making an investment decision. You should read this entire prospectus carefully, including the information under “Risk Factors” and our financial statements and the related notes included elsewhere in this prospectus, before investing.

Unless otherwise stated in this prospectus or the context otherwise requires, references to:

●	“we,” “us,” “company” or “our company” are to Berto Acquisition Corp. II, a Cayman Islands exempted company.

●	“articles” refers to the amended and restated memorandum and articles association of the company which will be adopted prior to the consummation of this offering;

●	“Companies Act” are to the Companies Act (As Revised) of the Cayman Islands as the same may be amended from time to time;

●	“completion window” are to the period of time (a) commencing on, and including, the closing date of the this offering and (b) ending on the date that is twenty four (24) months after the closing date of the closing of this offering (or 27 months from the closing of this 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 this offering), or such later date as our shareholders may approve in accordance with the articles.

●	“directors” are to our current directors and director nominees;

●	“founder shares” are to ordinary shares initially purchased by the initial shareholders in a private placement prior to this offering;

●	“initial shareholders” are to our sponsor, sponsor affiliates, Oanh Truong, a consultant, and any other holder of our founder shares prior to this offering;

●	“management” or our
“management team” are to our officers and directors;

●	“Needham” are to Needham &
Company, LLC, a representative of the underwriters in this offering.

●	“ordinary shares” are to the ordinary shares of par value US$0.0001 each in the capital of the company;