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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BERTO ACQUISITION CORP. II STATEMENT OF CASH FLOWS FOR THE PERIOD FROM JULY 15, 2025 (INCEPTION) THROUGH DECEMBER 31, 2025 Cash Flows from Operating Activities: Net loss $ (23,490 ) Adjustments to reconcile net loss to net cash used in operating activities: General and administrative expenses paid by sponsor under promissory note 16,217 Changes in operating assets and liabilities: Prepaid expenses (7,183 ) Accounts payable 5,673 Net cash used in operating activities (8,783 ) Cash Flows from Financing Activities: Proceeds from issuance of Class B ordinary shares to sponsor, its affiliate and the Consultant 25,000 Net cash provided by financing activities 25,000 Net change in cash 16,217 Cash - beginning of the period - Cash - end of the period $ 16,217 Supplemental disclosure of noncash investing and financing activities: Deferred offering costs included in accrued expenses $ 163,403 Issuance of ordinary shares to the Consultant for services $ 910,057

The accompanying notes are an integral part of the financial statements.

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BERTO ACQUISITION CORP. II

NOTES TO FINANCIAL STATEMENTS

DECEMBER 31, 2025

Note 1 — Description of Organization and Business Operations

Organization and General

Berto Acquisition Corp. II (the “Company”) was incorporated as a Cayman Islands exempted company on July 15, 2025. The Company was incorporated for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses that the Company has not yet identified, which is referred to as the initial business combination. The Company is an “emerging growth company,” as defined in Section 2(a) of the Securities Act of 1933, as amended, or the “Securities Act”, as modified by the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”).

As of December 31, 2025, the Company had
not yet commenced operations. All activity for the period from July 15, 2025 (inception) through December 31, 2025 relates
to the Company’s formation and the proposed public offering (the “Proposed Public Offering”), which is described below. The Company will not generate any
operating revenues until after the completion of its initial business combination, at the earliest. The Company will generate
non-operating income in the form of interest income from the proceeds derived from the Proposed Public Offering. The Company has
selected December 31 as its fiscal year end.

The Company’s sponsor is Berto Acquisition Sponsor II LLC, a Cayman Islands limited liability company (the “Sponsor”).

Proposed Financing

The Company’s ability to commence operations
is contingent upon obtaining adequate financial resources through the Proposed Public Offering (see Note 3) of 25,000,000 units (the “Units”)
(or 28,750,000 Units if the underwriters’ over-allotment option is exercised in full) at $10.00 per Unit, and the sale of 3,500,000
private placement warrants, (the “Private Placement Warrants”) irrespective of whether the overallotment is exercised, to
the Sponsor at a price of $1.00 per Private Placement Warrant in a private placement that will close simultaneously with the Proposed
Public Offering (see Note 4). Each Unit consists of one ordinary share (the “Public Shares”) and one-fourth of one redeemable
warrant (the “Public Warrants”). Each whole warrant, when exercisable, entitles the holder thereof to purchase one ordinary
share at a price of $11.50 per share (the “Exercise Price”), subject to adjustment as described herein.

Upon the closing of the Proposed Public Offering
and private placement, $250.0 million (or $287.5 million if the underwriters’ overallotment option is exercised in full) (see Note
3) will be held in a trust account.

The Trust Account

The funds in the trust account will be 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 the Company, or (iii) invested only in U.S. government securities with a maturity of one hundred eighty-five (185) days or less or in money market funds that meet certain conditions under Rule 2a-7 under the Investment Company Act of 1940 and that invest only in direct U.S. government treasury obligations. Funds will remain in the trust account until the earlier of (i) the consummation of the initial business combination or (ii) the distribution of the trust account proceeds as described below.

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BERTO ACQUISITION CORP. II

NOTES TO FINANCIAL STATEMENTS

DECEMBER 31, 2025

The Company’s amended and restated memorandum
and articles of association will provide that, other than the permitted withdrawals of interest earned on the funds held in the trust
account of up to an aggregate amount of $500,000 per year for working capital purposes (the “Permitted Withdrawals”), if any,
none of the funds held in the trust account will be released until the earlier of (i) the completion of the initial business combination;
(ii) the redemption of any Public Shares, that have been properly submitted in connection with a shareholder vote to approve an amendment
to the Company’s amended and restated memorandum and articles of association not for the purpose of approving, or in conjunction
with the consummation of, an initial business combination (A) in a manner that would affect the substance or timing of its obligation
to redeem 100% of the Public Shares if it does not complete an initial business combination within the Combination Period (as defined
below) or (B) with respect to any other provision relating to the rights of holders of the Public Shares or pre-initial business combination
activity; and (iii) absent an initial business combination within the Combination Period, return of the funds held in the trust account
to the holders of the Company’s Public Shares (the “Public Shareholders”) as part of the Company’s redemption
of the Public Shares (subject to the requirements of law). The proceeds deposited in the trust account could become subject to the claims
of the Company’s creditors, if any, which could have priority over the claims of the Public Shareholders.

Initial Business Combination

The Company’s management has broad discretion
with respect to the specific application of the net proceeds of the Proposed Public Offering and the sale of Private Placement Warrants,
although substantially all of the net proceeds of the Proposed Public Offering are intended to be generally applied toward consummating
an initial business combination. The initial business combination must occur with one or more businesses having an aggregate fair market
value of at least 80% of the value of the trust account (excluding any deferred underwriters fees and taxes payable on the income earned
on the trust account) at the time of the agreement to enter into the initial business combination. However, the Company will only complete
a business combination if the post-transaction company owns or acquires 50% or more of the voting securities of the target or otherwise
acquires a controlling interest in the target sufficient for it not to be required to register as an investment company under the Investment
Company Act. Furthermore, there is no assurance that the Company will be able to successfully effect an initial business combination.

The Company provides Public Shareholders with
the opportunity to redeem all or a portion of their Public Shares upon the completion of a business combination either (i) in connection
with a shareholders’ meeting called to approve the business combination or (ii) by means of a tender offer. The decision as to whether
the Company will seek shareholder approval of a business combination or conduct a tender offer will be made by the Company, solely in
its discretion, and will be based on a variety of factors such as the timing of the transaction and whether the terms of the transaction
would require the Company to seek shareholder approval under 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.

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BERTO ACQUISITION CORP. II

NOTES TO FINANCIAL STATEMENTS

DECEMBER 31, 2025