Berto Acquisition Corp. (TACO) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: August 13, 2025

Risk Assessment Details

Potential Dilution: 85.96% of current shares
Recent Dilution: 422.0% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
38M
Potential Supply
32M
Additional shares possible
Splits
None
Past 2 years

Summary

TACO currently has 37.5M outstanding shares. with significant dilution risk as 32.3M authorized shares could dilute existing holders by 86.0%. The company has significantly diluted shareholders by 422.0% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Aug 13, 2025

10-Q filing | 37.5M shares outstanding

38M 32M
Jun 12, 2025

10-Q filing | 37.5M shares outstanding

38M 32M
May 07, 2025

8-K filing: Berto Acquisition Corp. consummated its initial public offering of 30,015,000 units at $10.00 per Unit, generating gross proceeds of $300,150,000, and completed a private sale of 3,500,000 warrants to Berto Acquisition Sponsor LLC at $1.00 per warrant, generating gross proceeds of $3,500,000, and issued 3,750,000 warrants as compensation to a designee of Cohen & Company Capital Markets. ($303.65M proceeds)

7.2M 32M
May 01, 2025

8-K filing: Berto Acquisition Corp. consummated its initial public offering of 30,015,000 units at $10.00 per unit, generating gross proceeds of $300,150,000, and completed the private sale of 3,500,000 warrants to the Sponsor at $1.00 per warrant, generating gross proceeds of $3,500,000, and issued 3,750,000 warrants to designees of the Representatives. ($303.65M proceeds)

7.2M 32M
Apr 18, 2025

S-1/A filing: This S-1/A filing registers the offering of 25,000,000 units at $10.00 per unit, each unit consisting of one ordinary share and one half of one redeemable warrant, as well as private placement warrants and underwriter warrants.

7.2M 32M
Apr 15, 2025

S-1/A filing: This S-1/A filing details a proposed offering of 25,000,000 units at $10.00 per unit, each consisting of one ordinary share and one-half of one redeemable warrant, along with 3,500,000 private placement warrants and 3,750,000 underwriter warrants.

7.2M 32M
Apr 09, 2025

S-1/A filing: This S-1/A filing relates to an offering of 25,000,000 units at $10.00 per unit, with each unit consisting of one ordinary share and one half of one redeemable warrant, as well as the offering of private placement warrants and underwriter warrants.

7.2M 32M
Mar 21, 2025

S-1 filing: This S-1 filing details the offering of 25,000,000 units at $10.00 per unit, each unit consisting of one ordinary share and one half of one redeemable warrant, along with a concurrent private placement of 7,750,000 warrants at $1.00 per warrant, to fund a business combination.

7.2M 33M
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