Berto Acquisition Corp., a Cayman Islands-incorporated blank check company listed on NASDAQ:TACO, filed its Form 10-Q for the quarterly period ended June 30, 2026, with the SEC on August 14, 2026.

Key Highlights

  • Trust Account Balance: Investments held in Trust Account totaled $314,091,737 as of June 30, 2026, up from $308,659,912 at December 31, 2025.
  • Net Income: The company reported net income of $1,110,431 for the three months ended June 30, 2026, and $3,329,182 for the six months ended June 30, 2026.
  • Operating Loss: General and administrative expenses of $1,624,853 for Q2 2026 produced a loss from operations of $1,624,853 for the quarter.
  • Redemption Price: 30,015,000 ordinary shares were subject to possible redemption at $10.46 per share as of June 30, 2026.
  • Shareholders' Deficit: Total shareholders' deficit widened to $(13,809,822) at June 30, 2026, from $(11,707,179) at December 31, 2025.
  • Cash Position: Cash on hand declined to $146,740 at June 30, 2026, compared with $578,683 at December 31, 2025.
  • Shell Company Status: The registrant confirmed its status as a shell company, as defined in Rule 12b-2 of the Exchange Act.

Berto Acquisition Corp. Trust Income Offsets Operating Costs in First Half of 2026

Berto Acquisition Corp. is a special purpose acquisition company incorporated in the Cayman Islands, with its principal executive offices located at 1180 North Town Center Drive, Suite 100, Las Vegas, Nevada 89144. The company's securities trade on The Nasdaq Stock Market LLC under three symbols: ordinary shares as NASDAQ:TACO, units as TACOU, and warrants as TACOW. Each unit consists of one ordinary share with a $0.0001 par value and one-half of one redeemable warrant. As of August 14, 2026, the filing disclosed 37,518,750 ordinary shares issued and outstanding.

According to the filing, the company's primary source of income during the first half of 2026 was investment income from the Trust Account, which totaled $5,431,825 for the six months ended June 30, 2026, compared with $2,083,940 for the same period in 2025. This trust income more than offset general and administrative expenses of $2,106,953 for the six-month period, which were substantially higher than the $247,085 reported in the comparable prior-year period. The company attributed net cash used in operating activities of $(181,943) for the six months ended June 30, 2026, in part to the non-cash nature of trust investment income and rising accrued expenses, which increased to $1,756,922 from $46,611 at year-end 2025.

The balance sheet as of June 30, 2026, reflected total assets of $314,402,436, of which $314,091,737 was held in the Trust Account. Total liabilities stood at $14,120,521, including $11,705,850 in deferred underwriting commissions carried at the same level as year-end 2025. The accumulated deficit grew to $(13,810,572), driven in part by remeasurement of ordinary shares subject to possible redemption, which the filing recorded as $(2,697,661) in Q1 2026 and $(2,734,164) in Q2 2026. The 7,503,750 non-redeemable founder shares remained unchanged throughout the reported periods.

What Was Disclosed

Berto Acquisition Corp. disclosed unaudited condensed financial statements for the quarter and six months ended June 30, 2026, showing a net income of $3,329,182 for the half-year period, a Trust Account balance of $314,091,737, and a total shareholders' deficit of $(13,809,822), alongside confirmation of its shell company classification.