Berto Acquisition Corp. II closed an initial public offering that raised $315.1 million by selling 31.51 million units at $10 per unit. The offering included the full exercise of the underwriters' over-allotment option, contributing 4.11 million of the units sold.
The units commenced trading on NASDAQ on May 15, 2026. Each unit consists of one ordinary share and one-third of a redeemable warrant; with three unit-warrants combining to form one whole warrant. Each whole warrant entitles the holder to purchase one ordinary share at an exercise price of $11.50. Following separation, the ordinary shares and the warrants are slated to trade under the symbols "GUAC" and "GUACW," respectively.
At the same time as the public offering, the company completed a private placement of 3.5 million warrants at $1 per warrant, producing additional gross proceeds of $3.5 million. The private placement warrants are described as substantially identical to the warrants issued in the public offering.
Founded by Harry You, Berto Acquisition Corp. II is the founder's tenth special purpose acquisition company. The blank-check company is incorporated in the Cayman Islands and is organized to pursue a business combination - specifically, to merge with or acquire one or more businesses. Management has identified artificial intelligence and AI infrastructure as the primary area of focus, including opportunities tied to components, data, energy, and the infrastructure that supports AI scaling.
Needham & Company acted as sole book-running manager for the transaction. The Securities and Exchange Commission declared the registration statement effective on May 14, 2026.
According to the press release statement, the company placed $315.1 million of net proceeds in trust, representing $10 per unit sold in the public offering.
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