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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Executive Chairman) each paid $173.91 and $1,043.48 for an aggregate of 50,000 and 300,000 ordinary shares, respectively (none of which are subject to forfeiture in connection with the exercise of the over-allotment option), for a total of 7,187,500 ordinary shares issued for an aggregate purchase price of $25,000, or approximately $0.003 per share. Neither Ms. Truong nor Meteora is affiliated with the sponsor. The “sponsor affiliates” include Harry You, who is the founder of the company and the managing member of the Sponsor, and Robert You, the adult son of Harry You and our Chief Financial Officer and president. Both Messrs. You directly own membership interests in our sponsor. Out of the total 6,837,500 founder shares held by our sponsor and sponsor affiliates, the sponsor, Harry You and Robert You each directly holds 2,525,000, 2,300,000 and 2,012,500 founder shares, respectively, each purchased at approximately $0.003 per share. Table of Contents

Because our sponsor, sponsor
affiliates, Oanh Truong and Meteora (collectively, “initial shareholders”) each acquired the founder shares at a nominal
price (approximately $0.003 per share), our public shareholders will incur immediate and material dilution upon the closing of this offering.
Our public shareholders may experience additional dilution if we increase the size of the offering pursuant to Rule 462(b) under
the Securities Act and effect with our initial shareholders a share dividend or other appropriate mechanism, as applicable, with respect
to our ordinary shares immediately prior to the consummation of the offering in such amount as to maintain the ownership of founder shares
by our initial shareholders at 20% of our issued and outstanding ordinary shares upon the consummation of this offering. See the section
titled “Risk Factors — The nominal purchase price paid by the initial shareholders for the founder shares and the anti-dilution
adjustment we intend to make with respect to the founder shares if the size of this offering is increased may result in significant dilution
to the implied value of your public shares upon the consummation of our initial business combination, and the value of the founder shares
following completion of our initial business combination is likely to be substantially higher than the nominal price paid for them, even
if the trading price of our ordinary shares at such time is substantially less than $10.00 per share.” We will also pay
an affiliate of our sponsor for office space and administrative services provided to members of our management team in an amount equal
to $15,000 per month. Our sponsor may loan us up to $300,000 under an unsecured, non-interest bearing promissory note for offering-related
and organizational expenses. The loan is due at the earlier of December 31, 2026 or the closing of this offering and is anticipated
to be repaid upon completion of this offering. Our sponsor or an affiliate of our sponsor or certain of our officers and directors may
loan us funds to finance transaction costs in connection with an intended initial business combination. Such loans may be convertible
into private placement warrants of the post-business combination entity at a price of $1.00 per warrant at the option of the lender.
The issuance of shares upon the exercise of such warrants may result in material dilution to our public shareholders. See the section
titled “Summary — Our Sponsor” for more information regarding, among other things, the amount of compensation
and securities received or to be received by our sponsor, its affiliates and our officers and directors.

The following table illustrates the difference between the public offering price and our net tangible book value per share, as adjusted to reflect various potential redemption levels that may occur in connection with the closing of our initial business combination, which we refer to as Adjusted NTBVPS, on a pro forma basis to give effect to this offering and the issuance of the private placement shares, assuming no exercise of the over-allotment option and exercise of the over-allotment option in full. Adjusted NTBVPS excludes the effect of the consummation of our initial business combination or any related transactions or expenses. See the section titled “Dilution” for more information.

Offering Price of $10.00,
No Redemptions 25% of Maximum Redemptions 50% of Maximum Redemptions 75% of Maximum Redemptions Maximum Redemptions

Adjusted NTBV Adjusted NTBV Difference between Adjusted
NTBV and Offering Price Adjusted NTBV Difference between Adjusted
NTBV and Offering Price Adjusted NTBV Difference between Adjusted
NTBV and Offering Price Adjusted NTBV Difference between Adjusted
NTBV and Offering Price

Assuming Full Exercise of Over-Allotment Option

Assuming No Exercise of Over-Allotment Option

Our founder shares are of the same class as the ordinary shares included in the units being sold in this offering. Our founder shares are identical to the public shares except that the founder shares are entitled to registration rights and subject to certain transfer restrictions, as described in more detail in this prospectus. Unlike in other SPACs, our founder shares do not have conversion and anti-dilution rights in connection with the closing of a business combination. Therefore, if additional ordinary shares or equity-linked securities are issued or deemed issued in connection with our initial business combination, our founder shares will be diluted by such issuance pro rata with the public shares.

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Members of our management team will directly or indirectly own founder shares and/or private placement warrants following this offering and, accordingly, may have a conflict of interest in determining whether a particular target business is an appropriate business with which to effectuate our initial business combination. The low price that our sponsor, sponsor affiliates, officers and directors (directly or indirectly) paid for the founder shares creates an incentive whereby our officers and directors could potentially make a substantial profit even if we select an acquisition target that subsequently declines in value and is unprofitable for public shareholders. In addition to their investments (directly or indirectly) in the founder shares and private placement warrants, our sponsor, officers, directors and/or their affiliates may make loans or advances to us for working capital from time to time. If we are unable to complete our initial business combination within the completion window, our sponsor, officers and directors may lose their entire investment in us, except to the extent they are entitled to receive distributions on the founder shares from assets outside the trust account or liquidating distributions from the trust account with respect to any public shares they may acquire, if any, upon our liquidation and winding up, which could create an incentive for our sponsor, officers and directors to complete a transaction even if we select an acquisition target that subsequently declines in value and is unprofitable for public shareholders. Further, each of our officers and directors may have a conflict of interest with respect to evaluating a particular business combination if the retention or resignation of any such officers and directors were to be included by a target business as a condition to any agreement with respect to our initial business combination. Additionally, each of our officers and directors presently has, and any of them in the future may have additional, fiduciary or contractual obligations to another entity pursuant to which such officer or director is or will be required to present a business combination opportunity to such entity. There may be actual or potential material conflicts of interest between our sponsor, its 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, an investment adviser specializing in SPAC-related investments. Meteora’s principals have previous experience across the full lifecycle of SPACs, from the initial public offering to the de-SPAC business combination process. The managing member of Meteora, Vikas Mittal, serves as our Executive Chairman. 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.