ADDED
The accompanying notes are an integral part of these unaudited condensed financial statements.
The accompanying notes are an integral part of these unaudited condensed financial statements.
The accompanying notes are an integral part of these unaudited condensed financial statements.
As of September 30, 2025, the Company had not yet commenced operations.
The Company had no activity and no expense for the period from July 15, 2025 (inception) through September 30, 2024.
Liquidity and Capital Resources As of September 30, 2025, the Company had approximately $ 325,000 in cash and a working capital of approximately $ 216,000 .
The Company s liquidity needs prior to the closing of the Initial Public Offering were satisfied through the payment of $ 25,000 from the Sponsor, its affiliates, and the Consultant to purchase Founder Shares (as defined in Note 5), a loan under the Note (as defined in Note 5) in the amount of approximately $ 222,000 .
In addition, in order to finance transaction costs in connection with its Initial Business Combination, the Sponsor or an affiliate of the Sponsor, or the Company s officers and directors may, but are not obligated to, provide the Working Capital Loans to the Company (as defined in Note 5).
Financial Instruments The fair value of the Company s assets and liabilities, which qualify as financial instruments under the FASB ASC 820, Fair Value Measurement, approximates the carrying amounts represented in the balance sheets, primarily due to their short-term nature.
Treasury Securities (1) $ 305,577,225 $ - $ - (1) Includes approximately $1,600 of cash balance held within the Trust Account.
REMOVED
As of June 30, 2025, the Company had not yet commenced operations.
Liquidity and Capital Resources As of June 30, 2025, the Company had approximately $ 361,000 in cash and a working capital of approximately $ 392,000 .
The Company s liquidity needs through June 30, 2025 were satisfied through the payment of $ 25,000 from the Sponsor, its affiliates, and the Consultant to purchase Founder Shares (as defined in Note 5), a loan under the Note (as defined in Note 5) in the amount of approximately $ 222,000 .
Concentration of Credit Risk Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash accounts in a financial institution, which, at times, may exceed the Federal Deposit Insurance Corporation coverage limit of $ 250,000 .
Fair Value Measurements Fair value is defined as the price that would be received for sale of an asset or paid for transfer of liability in an orderly transaction between market participants at the measurement date.
Treasury Securities (1) $ 302,233,940 $ - $ - (1) Includes approximately $900 of cash balance held within the Trust Account.
There were no transfers between Level 1, Level 2, or Level 3 of the fair value hierarchy during the three and six months ended June 30, 2025.
As of June 30, 2025, the amount of Public Shares reflected on the unaudited condensed balance sheet is reconciled in the following table: Schedule of Public Shares reflected on the balance sheet Public Shares subject to possible redemption - December 31, 2024 $ - Plus: Gross proceeds 300,150,000 Less: Proceeds allocated to Public Warrants ( 2,161,080 ) Public Shares issuance costs ( 17,631,063 ) Plus: Accretion of carrying value to redemption value 21,876,083 Public Shares subject to possible redemption - June 30, 2025 $ 302,233,940 10 BERTO ACQUISITION CORP.
Net loss per share of common stock is calculated by dividing the net loss by the weighted average number of common stock outstanding for the respective period.
Recent Accounting Standards In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures.