Berto Acquisition, a blank check company led by SPAC veteran Harry You targeting AI and wellness, raised $261 million by offering 26.1 million units at $10. The company offered 1.1 million more units than anticipated. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50.
Berto Acquisition is led by Executive Chairman Harry You, the founder and former Vice Chairman of SaaS company GTY. You has been involved with several SPACs in the past. The SPAC plans to target opportunities in AI as well as in the rapidly growing wellness, longevity, and aesthetics areas.
Berto Acquisition plans to list on the Nasdaq under the symbol TACOU. Cohen & Company Securities and Needham & Co. acted as joint bookrunners on the deal.
