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

Chunk 120 of 135
Word Count: 1349
Character Count: 8552

Document Content:

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 March 31, 2026, the Company had not yet commenced operations. All activity for the period from July 15, 2025 (inception) through March 31, 2026 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’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-third 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) 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.

Table of Contents

BERTO ACQUISITION CORP.
NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS
MARCH 31, 2026

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, which is 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.

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.

Table of Contents

BERTO ACQUISITION CORP.
NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS
MARCH 31, 2026

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.