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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that are outstanding and the dilutive effect on our shareholders of issuing the maximum number of ordinary shares issuable upon the exercise of our warrants. In such event, each holder would pay the exercise price by surrendering the warrants for that number of ordinary shares equal to the quotient obtained by dividing (x) the product of the number of ordinary shares underlying the warrants, multiplied by the excess of the “fair market value” of our ordinary shares (defined below) over the exercise price of the warrants by (y) the fair market value. The “fair market value” will mean the average closing price of the ordinary shares for the 10 trading days ending on the third trading day prior to the date on which the notice of redemption is sent to the holders of warrants. Please see “ Description of Securities — Warrants — Public Shareholders’ Warrants ” for additional information.

Founder shares In December 2025, our sponsor and sponsor affiliates paid $23,782.61 for an aggregate of 6,837,500 founder shares (up to 937,500 of which
will be surrendered to us for no consideration after the closing of this offering depending on the extent to which the underwriters’
over-allotment option is exercised), and Oanh Truong and a consultant (neither of whom is affiliated with the sponsor) 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. The “sponsor affiliates” include Harry You, who acts as our Chief Executive Officer and
Chairman of our Board and the managing member of the Sponsor and Robert You, adult son of Harry You. Harry You directly owns 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.

Prior to the initial investment in the company of $25,000 by our initial shareholders, we had no assets, tangible or intangible. The per share price of the founder shares was determined by dividing the amount of cash contributed to the company by the number of founder shares issued. The number of founder shares outstanding was determined based on the expectation that the total size of this offering would be a maximum of 28,750,000 units if the underwriters’ over-allotment option is exercised in full, and therefore that such founder shares would represent 20% of the outstanding shares after this offering. Up to 937,500 of the founder shares held by the sponsor and sponsor affiliates will be forfeited for no consideration depending on the extent to which the underwriters’ over-allotment option is not exercised. If we increase or decrease the size of the offering pursuant to Rule 462(b) under the Securities Act, we will effect with our sponsor a share dividend or share surrender 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.

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The founder shares are identical to the ordinary shares included in the units being sold in this offering, except that:

●	the founder shares are subject to certain transfer restrictions, as described in more detail below;

●	the founder shares are entitled to registration rights;

●	our initial shareholders and officers and directors have entered into a letter agreement with us, pursuant to which they have agreed to (i) waive their redemption rights with respect to any founder shares they hold and any public shares (including public shares that are part of a public unit) the sponsor, sponsor affiliates, officers and directors may acquire during or after this offering in connection with the completion of our initial business combination, (ii) waive their redemption rights with respect to any founder shares they hold and any public shares held by the sponsor, sponsor affiliates, officers and directors in connection with a shareholder vote to approve an amendment to our articles (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 an 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 and (iii) waive their rights to liquidating distributions from the trust account with respect to any founder shares they hold if we fail to complete our initial business combination within the completion window (although they will be entitled to liquidating distributions from the trust account and to liquidating distributions from assets outside the trust account with respect to any public shares they hold if we fail to complete our initial business combination within the prescribed time frame); and

●	if we submit our initial business combination to our public shareholders for a vote, our initial shareholders have agreed to vote any
founder shares they held and any public shares the sponsor, sponsor affiliates, officers and directors purchased during or after this
offering in favor of our initial business combination (except with respect to any such public shares which may not be voted in favor of
approving the business combination transaction in accordance with the requirements of Rule 14e-5 under the Exchange Act and any SEC interpretations
or guidance relating thereto). We will only complete our initial business combination if the business combination is approved by an ordinary
resolution under Cayman Islands law, meaning the affirmative vote of at least a majority of the votes by the shareholders of the issued
shares represented in person or represented by proxy and are voted at a general meeting of the company, voting together as a single class.
As a result, in addition to our initial shareholders’ founder shares, we would need 9,375,001 or 37.5% of the 25,000,000 public
shares sold in this offering to be voted in favor of an initial business combination in order to have our initial business combination
approved (assuming all outstanding shares are voted, the over-allotment option is not exercised and the parties to the letter agreement
do not acquire any public shares). Assuming that only the holders of one-third of our issued and outstanding ordinary shares, representing
a quorum under our articles, vote their ordinary shares at a general meeting of the company, we will not need any public shares in addition
to our founder shares to be voted in favor of an initial business combination in order to approve an initial business combination.

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Transfer restrictions on founder shares Our initial shareholders have agreed not to transfer, assign or sell any of their founder shares until the earlier to occur of: (i) 18 months after the completion of our initial business combination or (ii) the date on which we complete a liquidation, merger, share exchange or other similar transaction after our initial business combination that results in all of our shareholders having the right to exchange their ordinary shares for cash, securities or other property; except to certain permitted transferees and under certain circumstances as described herein under “ Principal Shareholders — Transfers of Founder Shares and Private Placement Warrants ,” or (iii) if the closing price of the ordinary shares equals or exceeds $12.00 per share (as adjusted for share sub-divisions, share capitalizations, reorganizations, recapitalizations and the like) for any 20 trading days within any 30 trading-day period commencing at least 150 days after the company’s initial business combination. Any permitted transferees will be subject to the same restrictions and other agreements of our initial shareholders with respect to any founder shares. We refer to such transfer restrictions throughout this prospectus as the lock-up.

Voting Each ordinary share will entitle the holder to one vote, with respect to matters submitted to a vote of our shareholders prior to or in connection with the completion of our initial business combination, including any vote in connection with our initial business combination, except as required by law.