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NEW YORK, April 29, 2025--(BUSINESS WIRE)--Berto Acquisition Corp. (NASDAQ: TACOU) (the "Company"), the ninth special purpose acquisition company sponsored by Harry You, today announced the pricing of its initial public offering of 26,100,000 units at $10.00 per unit. The units are expected to be listed on the Nasdaq Global Market ("Nasdaq") and trade under the ticker symbol "TACOU" beginning April 30, 2025. Each unit consists of one ordinary share and one-half of one redeemable warrant. Once the securities comprising the units begin separate trading, the ordinary shares and warrants are expected to be listed on Nasdaq under the symbols "TACO" and "TACOW", respectively. The underwriter has been granted a 45-day option to purchase up to an additional 3,915,000 units offered by the Company to cover over-allotments, if any. The offering is expected to close on May 1, 2025, subject to customary closing conditions.
The Company, which is led by Executive Chairman and Interim Chief Financial Officer Harry You, is a blank check company incorporated as a Cayman Islands exempted company whose business purpose is to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.
Harry You is an experienced executive, chief financial officer and board member with extensive experience with technology companies. Mr. You has sponsored nine previous SPACs, including Coliseum Acquisition Corp., which completed its initial business combination with Rain Enhancement Technologies, Inc. in December 2024, dMY Technology Group, Inc. IV, which completed its initial business combination with Planet Labs, Inc. in December 2021, dMY Technology Group, Inc. III, which completed its initial business combination with IonQ, Inc. in October 2021, dMY Technology Group, Inc. II, which completed its initial business combination with Genius Sports Group in April 2021, dMY Technology Group, Inc., which completed its initial business combination with Rush Street Interactive, Inc. in December 2020, and GTY Technology Holdings Inc., which completed its initial business combination with six companies in the software as a service and cloud software industry in February 2019. In addition to his prior SPAC experience, Mr. You executed several hundred investments and acquisitions as a managing director in the Investment Banking Division of Morgan Stanley and two other firms from 1989 to 2001, Chief Financial Officer at Accenture from 2001 to 2004 and Oracle from 2004 to 2005, as well as EVP in the Office of the Chairman in charge of Merger & Acquisition and Corporate Development at EMC from 2008 to 2016. Notably, Mr. You helped architect the $67 billion buyout of EMC by Dell Technologies Inc., which is one of the largest technology acquisitions and leveraged buyouts. Recently, as a member of the executive committee of the board of Broadcom, Mr. You provided input on the $92 billion acquisition of VMware LLC by Broadcom. Mr. You has raised over $2 billion in capital relative to several SPACs and deSPAC transactions and as a banker, has helped garner and execute several dozen initial public offerings of companies including the United Parcel Service, Inc., Galileo, and Perot Systems Corporation. Mr. You was Chief Financial Officer for Accenture in 2001 during its successful initial public offering.