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Berto Acquisition TACO · USD

Consumer Discretionary · US listing · 🇺🇸 United States

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10.52

+0.14%

Close of 9 Nov 2026, in USD

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About Berto Acquisition

From its filings with the US Securities and Exchange Commission

SEC filings

Berto Acquisition is based in Las Vegas, Nevada and is incorporated in Cayman Islands. Its shares trade on Nasdaq under the ticker TACO. The SEC classifies its business as blank checks. In the fiscal year to 31 December 2025, it reported net income of $7.9m. At that date it held total assets of $309.4m and shareholders' equity of −$11.7m.

In its own words

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 neither engaged in any operations nor generated any revenue to date. Based on our business activities, the Company is a “shell company” as defined under the Exchange Act of 1934 (the “Exchange Act”) because we have no operations and nominal assets consisting almost entirely of cash.

Simultaneously with the closing of the IPO, pursuant to a private placement warrants purchase agreement (the “Sponsor Warrants Purchase Agreement”), the Company completed the private sale of an aggregate of 3,500,000 warrants (the “sponsor private placement warrants”) to the Sponsor at a purchase price of $1.00 per sponsor private placement warrant, generating gross proceeds to the Company of $3,500,000. Additionally, on May 1, 2025, simultaneously with the closing of the IPO, pursuant to a private placement warrant purchase agreement (the “Underwriter Warrants Purchase Agreement”) and an underwriting agreement (the “Underwriting Agreement), each by and among the Company, Cohen & Company Capital Markets, a division of J.V.B.

Quoted from its 10-K, filed 31 Mar 2026. Read the filing on SEC.gov ↗

Company facts

Sector
Consumer Discretionary
Industry
Hotels, Restaurants & Leisure
Listed since
14 Nov 2013
Employees
7,844
Head office
1180 NORTH TOWN CENTER DRIVE, LAS VEGAS, NV, 89144
Incorporated in
E9
Classification
Blank Checks
Filer status
Non-accelerated filer<br>Smaller reporting company<br>Emerging growth company

Leadership

Pay as last reported

  • Mr. Lawrence LevyIndependent Chairman of the Board, since 2019$136,750
  • Mr. John CappasolaPresident, Chief Executive Officer, Director, since 2017$2.5m
  • Mr. Steven BrakeChief Financial Officer, Executive Vice President, since 2012$1.1m
  • Mr. Chad GretzemaChief Operating Officer, since 2019$808,581
  • Mr. Joseph SteinLead Independent Director, since 2019$146,950
  • Ms. Valerie InsignaresDirector, since 2021
  • Ms. Karen Luey-SiuDirector, since 2021
  • Ms. Eileen AptmanIndependent Director, since 2015$93,000
  • Mr. Ari LevyIndependent Director, since 2019$103,000
  • Mr. R.J. MelmanIndependent Director, since 2015$10,500
  • Mr. Raphael GrossInvestor Relations, since 2017
  • Mr. David PearSenior Vice President - Operations, since 2015$587,761

Environmental, social and governance

Scores out of 100, from our data supplier

ESG
Overall
0
Environment
0
Social
0
Governance
0

SWOT analysis

AI-generated by our data supplier. Not written or checked by our editors.

AI-generated

Strengths

  • Del Taco operates 551 restaurants as of January 3, 2017 with 310 company-operated locations.
  • Del Taco's menu features Mexican-inspired dishes like tacos and burritos alongside American classics such as Double Del cheeseburgers.
  • The Platos menu offers plated meals with entree, two sides, and chips and salsa for a complete dining experience.

Weaknesses

  • Del Taco has 241 franchise-operated restaurants which may affect brand consistency.
  • The company's 7,844 employees represent a significant operational cost for a restaurant chain.
  • Del Taco's 2013 IPO date indicates limited market history for a publicly traded entity.

Opportunities

  • Expanding into new markets could increase Del Taco's 551 restaurant count beyond current levels.
  • The growing demand for Mexican-inspired cuisine presents an opportunity for menu innovation.
  • Franchise expansion could leverage the 241 existing franchise locations to grow the brand.

Threats

  • Competition from other restaurant chains in the Consumer Discretionary sector poses a risk.
  • Economic downturns may impact consumer spending on discretionary dining options.
  • Rising food costs could affect Del Taco's profit margins on menu items like burgers and fries.

Sources and methodology

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