SEC Filing ● Major ⚠ 5
TACO: 10-Q · periodic report
Berto Acquisition Corp. filed its Q2 2026 10-Q reporting net income of $1.11 million for the quarter ($3.33 million for the first half), driven almost entirely by $2.73 million of investment income on its $314.1 million trust account and partially offset by $1.62 million of general and administrative expenses.
Management disclosed substantial doubt about the company's ability to continue as a going concern, with only $146,740 in operating cash and a working capital deficit of roughly $2.1 million as of June 30, 2026. The SPAC must complete an initial business combination by May 1, 2027 or liquidate, in which case public shares would be redeemed at the trust value of $10.46 per share.
Deal momentum is a concern: the non-binding letter of intent with healthcare infrastructure developer OnMed LLC, announced October 29, 2025, expired on March 23, 2026 without a definitive agreement. The company recorded approximately $1.7 million of merger-related expenses in the first half of 2026, indicating it continues to pursue alternative targets, with management citing AI and the wellness, longevity and aesthetics sectors as focus areas.
SEC 10-Q • 2mo ago 
