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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are offering 25,000,000 units at an offering price of $10.00 per unit. We estimate that the net proceeds of this offering together with the funds we will receive from the sale of the private placement warrants will be used as set forth in the following table. Without Over-allotment Option Over-allotment Option Exercised Gross proceeds Gross proceeds from units offered to public (1) $ 250,000,000 $ 287,500,000 Gross proceeds from private placement warrants offered in the private placement $ 3,500,000 $ 3,500,000 Total gross proceeds $ 253,500,000 $ 291,000,000 Estimated offering expenses (2) Underwriting commissions ([●]% of gross proceeds from units offered to public, excluding units sold pursuant to the over-allotment option and excluding deferred portion) (3) Consulting fee (4) $ 500,000 $ 500,000 Legal fees and expenses Printing and engraving expenses Accounting fees and expenses SEC Expenses FINRA Expenses Nasdaq listing and filing fees Travel and road show expenses Miscellaneous

Total offering expenses (other than underwriting commissions)

Proceeds after estimated offering expenses $ $

Held in trust account (3) $ $

% of public offering size % %

Not held in trust account

The following table shows the use of the approximately $[●] net proceeds not held in the trust account(5)

Amount % of Total

Accounting, due diligence, travel, and other
expenses in connection with any business combination $ %

Legal and accounting fees related to regulatory reporting obligations %

Nasdaq continued listing fees %

Payment for office space, secretarial and administrative
services (6) %

D&O insurance %

Working capital to cover miscellaneous expenses %

Total $ %

(1)	Includes amounts payable to public shareholders who properly redeem their shares in connection with our successful completion of our initial business combination.

(2)	A portion of the offering expenses have been paid from the proceeds of loans from our sponsor of up to $300,000 as described in this prospectus. These loans will be repaid upon completion of this offering out of the [●] of offering proceeds that has been allocated for the payment of offering expenses other than underwriting commissions. In the event that offering expenses are less than set forth in this table, any such amounts will be used for post-closing working capital expenses. As of December 31, 2025, we had borrowed approximately $16,000 under the promissory note.

(3)	The underwriters have agreed to defer underwriting commissions equal to [●] of the gross proceeds of this offering, or up to [●] in the aggregate, payable to the underwriters in this offering upon completion of our initial business combination. Such fees will be paid to the underwriters from the remaining cash held in the Company’s trust account at the closing of the initial business combination. However, such deferred commissions shall be due solely from amounts remaining in the trust account following all properly submitted shareholder redemptions in connection with the consummation of our initial business combination and less any funds sourced by initial shareholders or any cash remaining in the trust pursuant to structured agreements such as forward purchase agreements, non-redemption agreements, any agreements or arrangements alike, or any other incentivization provided to the shareholders to not to redeem. The remaining funds will be released to us and can be used to pay all or a portion of the purchase price of the business or businesses with which our initial business combination occurs or for general corporate purposes, including payment of principal or interest on indebtedness incurred in connection with our initial business combination, to fund the purchases of other companies, or for working capital. The underwriters will not be entitled to any interest accrued on the deferred underwriting discounts and commissions.

(4)	Includes a one-time consulting fee of $500,000 payable to Meteora Capital, LLC upon the closing of this offering. This fee will be paid out of the proceeds of this offering not held in the Trust Account.

(5)	These expenses are estimates only. Our actual
expenditures for some or all of these items may differ from the estimates set forth herein. For example, we may incur greater legal and
accounting expenses than our current estimates in connection with negotiating and structuring our initial business combination based
upon the level of complexity of such business combination. In the event we identify a business combination target in a specific industry
subject to specific regulations, we may incur additional expenses associated with legal due diligence and the engagement of special legal
counsel. In addition, our staffing needs may vary and as a result, we may engage a number of consultants to assist with legal and financial
due diligence. We do not anticipate any change in our intended use of proceeds, other than fluctuations among the current categories
of allocated expenses, which fluctuations, to the extent they exceed current estimates for any specific category of expenses, would not
be available for our expenses. The amount in the table above does not include interest available to us from the trust account.

(6)	Subsequent to the closing of this offering, we will pay our sponsor and/or its affiliates or designees an aggregate of [$15,000] per month for office space, secretarial and administrative services provided to members of our management team. Upon completion of our initial business combination or our liquidation, we will cease paying these monthly fees.

Table of Contents

Nasdaq rules provide that at least 90% of the gross proceeds from this offering and the sale of the private placement warrants be deposited in a trust account. Of the net proceeds we will 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), will be deposited into a segregated trust account located in the United States at Morgan Stanley with Continental Stock Transfer & Trust Company acting as trustee, 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 for working capital following the closing of this offering. Pursuant to the investment management trust agreement, the proceeds held in the trust account will only be held uninvested as cash, 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 invested only in U.S. government securities, within the meaning of Section 2(a)(16) of 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; the holding of these assets in this form is intended to be temporary and for the sole purpose of facilitating the intended business combination and, may at any time be held uninvested as cash, including 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. We will disclose in each quarterly and annual report filed with the SEC prior to our initial business combination whether the proceeds deposited in the trust account are invested in U.S. government securities or money market funds or a combination thereof or held uninvested as cash, or in interest-bearing or non-interest bearing demand deposit accounts.

We expect that the interest earned on the trust account will be sufficient to pay income taxes, if any. We will not be permitted to withdraw any of the principal or interest held in the trust account, except for permitted withdrawals and up to $100,000 to pay dissolution expenses, as applicable, until the earliest of (i) the completion of our initial business combination, (ii) (x) the redemption of our public shares if we are unable to complete our initial business combination within the completion window, subject to applicable law or (y) if we extend the completion window and such extension is conditioned upon depositing additional funds into the trust account, upon the end of a 30-day cure period after the date any such funds were required to be deposited but were not so deposited or (iii) the redemption of our public shares properly submitted in connection with a shareholder vote to approve an amendment to our articles not for the purpose of approving, or in conjunction with the consummation of, an initial business combination (A) to modify the substance or timing of our obligation to allow redemption in connection with our initial business combination or to redeem 100% of our public shares if we have not consummated our initial business combination within the completion window or (B) with respect to any other material provisions relating to the rights of holders of our ordinary shares or pre-initial business combination activity.