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Berto Acquisition Corp. Announces Closing of Upsized $300,150,000 Initial Public Offering

1. TACOU closed its IPO, raising $300 million at $10 per unit.

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+1.48%S&P 500
$10.1405/01 08:18 PM EDTEvent Start
$10.1505/04 08:36 PM EDTLatest Updated
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FAQ

Why Bullish?

The successful IPO indicates strong investor interest, similar to past SPAC offerings that saw significant initial gains.

How important is it?

The capital raised through the IPO can enhance TACOU's acquisition prospects and liquidity.

Why Short Term?

The immediate interest in the IPO may boost short-term trading activity for TACOU.

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SPACDNMRHYLNTHBR
NEW YORK--(BUSINESS WIRE)---- $TACOU #IPO--Berto Acquisition Corp. (Nasdaq: TACOU) (the “Company”), the ninth special purpose acquisition company sponsored by Harry You, today announced the closing of its upsized initial public offering of 30,015,000 units at $10.00 per unit, including 3,915,000 units sold pursuant to the full exercise of the underwriters' over-allotment option. The offering was priced at $10.00 per unit, resulting in gross proceeds of $300,150,000. The units began trading on The Nasdaq Global.

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