other material
confidence high
sentiment positive
materiality 0.60
Berto Acquisition Corp. II closes $315.1M IPO and $3.5M private placement
Berto Acquisition Corp. II
- Closed IPO of 31,510,000 units at $10.00/unit, including full exercise of over-allotment; gross proceeds $315.1M.
- Private placement of 3,500,000 warrants to sponsor Berto Acquisition Sponsor LLC at $1.00/warrant, gross $3.5M.
- Net proceeds of $315.1M placed in trust account with Continental Stock Transfer & Trust Co.
- Balance sheet at May 18, 2026 shows $317.3M total assets, $12.6M total liabilities, and $315.1M in redeemable ordinary shares.
- Company has until May 18, 2028 to complete initial business combination, or it will liquidate.