Berto Acquisition Corp.’s Lock-Up Period Will Expire on October 27th (NASDAQ:TACOU)

Berto Acquisition’s (NASDAQ:TACOU) lock-up period will expire on Monday, October 27th. Berto Acquisition had issued 26,100,000 shares in its public offering on April 30th. The total size of the offering was $261,000,000 based on an initial share price of $10.00. After the expiration of the company’s lock-up period, major shareholders and company insiders will be able to sell their shares of the company.

Berto Acquisition Price Performance

Shares of Berto Acquisition stock opened at $10.92 on Friday. Berto Acquisition has a 1-year low of $10.10 and a 1-year high of $11.26. The firm’s 50-day simple moving average is $10.69.

Hedge Funds Weigh In On Berto Acquisition

A number of hedge funds have recently bought and sold shares of the company. Marex Group plc acquired a new position in Berto Acquisition in the second quarter worth about $227,000. Clear Street LLC bought a new position in Berto Acquisition in the second quarter worth about $460,000. JPMorgan Chase & Co. bought a new position in Berto Acquisition in the second quarter worth about $1,077,000. DLD Asset Management LP bought a new position in Berto Acquisition in the second quarter worth about $2,343,000. Finally, Wealthspring Capital LLC bought a new position in Berto Acquisition in the second quarter worth about $3,213,000.

About Berto Acquisition

We are a blank check company incorporated on July 15, 2024 as a Cayman Islands exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. We have not selected any specific business combination target, and we have not, nor has anyone on our behalf, engaged in any substantive discussions, directly or indirectly, with any business combination target with respect to an initial business combination with us.