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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applicable law or stock exchange listing requirement. The Public Shareholders will be entitled to redeem their Public Shares for a pro rata portion of the amount then held in the trust account calculated as of two business days prior to the consummation of the initial business combination including interest earned on the funds held in the trust account (which interest shall be net of taxes paid or payable and Permitted Withdrawals), divided by the number of then issued and outstanding Public Shares. These Public Shares will be recorded in accordance with the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 480, “Distinguishing Liabilities from Equity” (“ASC 480”). The Company will proceed with a business combination if a majority of the shares voted are voted in favor of the business combination, subject to applicable law. Table of Contents BERTO ACQUISITION CORP. II NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2025

The Sponsor, Sponsor affiliates, Oanh Truong,
and the Consultant (as defined in Note 5), prior to the Proposed Public Offering (the “initial shareholders”), officers and
directors, have entered into a letter agreement with the Company, pursuant to which they have agreed to 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.

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.

Table of Contents

BERTO ACQUISITION CORP. II

NOTES TO FINANCIAL STATEMENTS

DECEMBER 31, 2025

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.

Liquidity and Capital Resources

As of December 31, 2025, the Company had
approximately $16,000 in cash and a working capital of approximately $250,000. 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 December 31, 2025, 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 financial statements.

Note 2 — Summary of Significant Accounting Policies

Basis of Presentation

The accompanying financial statements are presented in conformity with accounting principles generally accepted in the United States of America (“GAAP”) and pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (“SEC”).

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 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. II

NOTES TO FINANCIAL STATEMENTS

DECEMBER 31, 2025

Use of Estimates