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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average number of ordinary shares issued and outstanding during the period, excluding ordinary shares subject to forfeiture. Weighted average shares were reduced for the effect of an aggregate of 937,500 Founder Shares (as defined in Note 5) that are subject to forfeiture if the over-allotment option is not exercised in full or in part by the underwriters (see Note 5). As of December 31, 2025, the Company did not have any dilutive securities and other contracts that could, potentially, be exercised or converted into ordinary shares and then share in the earnings of the Company. As a result, diluted loss per share is the same as basic loss per share for the period presented. Recent Accounting Standards Management does not believe that any recently issued, but not yet effective, accounting pronouncements, if currently adopted, would have a material effect on the Company’s financial statements. Note 3 — Proposed Public Offering

Pursuant to the Proposed Public Offering, the
Company intends to offer for sale up to 25,000,000 Units at a price of $10.00 per Unit for a total of $250.0 million (or 28,750,000 Units
at a price of $10.00 per Unit for a total of $287.5 million if the underwriters’ over-allotment option is exercised in full). Each
Unit consists of one ordinary share and one-fourth of one redeemable warrant. Each whole warrant entitles the holder to purchase one ordinary
share at a price of $11.50 per share, subject to adjustment (see Note 7).

The Company expects to grant the underwriters
a 45-day option to purchase up to 3,750,000 additional Units to cover any over-allotments at the Proposed Public Offering price less the
underwriting discounts and commissions. The Units that would be issued in connection with the over-allotment option would be identical
to the Units issued in the Proposed Public Offering. Based on preliminary discussions, the Company expects that underwriting discounts
and commissions will be payable upon completion of the Proposed Public Offering, including a portion that may be deferred and payable
upon the completion of an initial business combination; however, such amounts have not been determined and will be finalized upon execution
of the underwriting agreement.

Note 4 — Private Placement

The Sponsor has committed to purchase an aggregate
of 3,500,000 Private Placement Warrants at a price of $1.00 per warrant in a private placement that will close simultaneously with the
Proposed Public Offering. Each private warrant is exercisable for one Class A Share at a price of $11.50 per share. Each Private
Placement Warrant will be identical to the Public Warrants and will become exercisable 30 days after the completion of the initial business
combination and will expire after five years after completion of the initial business combination or earlier upon redemption or liquidation.
If the initial business combination is not completed within the Completion Window, the proceeds from the sale of the Private Placement
Warrants held in the trust account will be used to fund the redemption of the Public Shares (subject to the requirements of applicable
law).

Table of Contents

BERTO ACQUISITION CORP. II

NOTES TO FINANCIAL STATEMENTS

DECEMBER 31, 2025

Note 5 — Related Party Transactions

Founder Shares

In December 2025, an aggregate of 7,187,500
ordinary shares were issued for an aggregate purchase price of $25,000, consisting of (i) 6,837,500 ordinary shares purchased by the Sponsor
and its affiliates for $23,782.61, (ii) 50,000 ordinary shares purchased by Oanh Truong for $173.91, and (iii) 300,000 ordinary shares
purchased by Meteora Capital LLC (the “Consultant” or “Meteora”) for $1,043.48. These 7,187,500 ordinary shares
are referred to herein as the “Founder Shares.”

Of the 6,837,500 Founder Shares purchased by the
Sponsor and its affiliates, the holdings of such shares were as follows: the Sponsor, Harry You and Robert You (each an affiliate of the
Sponsor) held 2,525,000, 2,300,000 and 2,012,500 shares, respectively, of which 346,207, 315,356 and 275,937 shares, respectively, are
subject to forfeiture as described below.

The Sponsor and its affiliates have agreed to
forfeit up to an aggregate of 937,500 Founder Shares to the extent that the over-allotment option is not exercised in full by the underwriters
so that the Founder Shares will represent 20% of the Company’s issued and outstanding shares upon the consummation of the Proposed
Public Offering. If the Company increases or decreases the size of the offering, the Company will effect a share dividend or share surrender,
as applicable, immediately prior to the consummation of the Proposed Public Offering in such amount as to maintain such 20% ownership.
The Sponsor will not be entitled to redemption rights with respect to any Founder Shares and any Public Shares held by the Sponsor in
connection with the completion of the initial business combination.

The initial shareholders have agreed not to transfer,
assign or sell any of their Founder Shares until the earlier to occur of (i) eighteen (18) months after the completion of the initial
business combination or (ii) the date on which the Company completes a liquidation, merger, share exchange or other similar transaction
after the initial business combination that results in all of the Company’s shareholders having the right to exchange their ordinary
shares for cash, securities or other property; except to certain permitted transferees and under certain circumstances, or (iii) if the
closing price of the ordinary shares equals or exceeds $12.00 per share (as adjusted for share sub-divisions, share capitalizations, reorganizations,
recapitalizations and the like) for any 20 trading days within any 30 trading-day period commencing at least 150 days after the Company’s
initial business combination. Any permitted transferees will be subject to the same restrictions and other agreements of the initial shareholders
with respect to any Founder Shares.

Registration Rights

The holders of Founder Shares, Private Placement
Warrants (and their underlying securities) and warrants that may be issued upon conversion of working capital loans (the “Working
Capital Loans”) (and their underlying securities), if any, and any ordinary shares issuable upon conversion of the Founder Shares
and any ordinary shares held by the initial shareholders at the completion of the Proposed Public Offering or acquired prior to or in
connection with the initial business combination, will be entitled to registration rights pursuant to a registration rights agreement
to be signed prior to or on the effective date of the registration statement for the Proposed Public Offering. These holders will be entitled
to make up to three demands and have “piggyback” registration rights. The Company will bear the expenses incurred in connection
with the filing of any such registration statements.

Planned Administrative Support Agreement

Commencing on the date of the Proposed Public
Offering, the Company expects to enter into an administrative support agreement, pursuant to which it would reimburse the Sponsor and/or
its affiliate thereof in an amount equal to $15,000 per month for office space, utilities and secretarial and administrative support.
Upon completion of the initial business combination or the Company’s liquidation, the Company would cease paying these monthly fees.

Table of Contents

BERTO ACQUISITION CORP. II

NOTES TO FINANCIAL STATEMENTS

DECEMBER 31, 2025

The Sponsor, executive officers and directors,
or any of their respective affiliates may be reimbursed for any out-of-pocket expenses incurred in connection with activities on the Company’s
behalf such as identifying potential target businesses and performing due diligence on suitable business combinations. The Company may
pay cash compensation to its independent directors for services rendered to the Company. Additionally, the Company may pay consulting,
success, advisory, or finder’s fees to our Sponsor, our officers or directors, our advisors, or affiliates thereof in connection
with the consummation of the initial business combination. The Company’s audit committee will review on a quarterly basis all payments
that were made to the Sponsor, executive officers or directors, or the Company’s or their affiliates.

Related Party Loans

Promissory Note

The Company and the Sponsor entered into a loan
agreement on July 15, 2025, whereby the Sponsor agreed to loan the Company an aggregate of up to $300,000 to cover expenses related
to the Proposed Public Offering pursuant to a promissory note. This loan is non-interest bearing and payable on the earlier of December 31,
2026, or the date on which the Company consummates the Proposed Public Offering. As of December 31, 2025, the Company had approximately
$16,000 of borrowings under the promissory note. Subsequent to December 31, 2025, the Company borrowed an additional amount of approximately
$6,000 under the promissory note, resulting in an outstanding balance of approximately $22,000.

Working Capital Loans