Berto Acquisition Corp. II announced the pricing of its initial public offering of 27.4 million units at $10.00 per unit, generating gross proceeds of $274 million. The special purpose acquisition company said the units are expected to start trading on the Nasdaq Global Market under the ticker GUACU on May 15, 2026.
Each unit is structured to include one ordinary share plus one-third of a redeemable warrant. When the components begin trading separately, the ordinary shares will use the symbol GUAC while the warrants will trade as GUACW. The underwriter for the deal has been granted a 45-day option to buy up to 4.11 million additional units to cover any over-allotments.
The company stated the offering is anticipated to close on May 18, 2026, but emphasized that the closing remains subject to customary closing conditions. Needham & Company is acting as the sole book-running manager for the transaction.
Berto Acquisition Corp. II is led by founder Harry You. According to the company's statement, You has sponsored ten prior special purpose acquisition companies. His professional background listed in the filing includes serving as chief financial officer at Accenture from 2001 to 2004 and at Oracle from 2004 to 2005, holding executive roles at EMC from 2008 to 2016, and working as a managing director in investment banking at Morgan Stanley and other firms from 1989 to 2001.
Incorporated in the Cayman Islands as a blank check company, Berto Acquisition Corp. II said it intends to complete a merger, share exchange, asset acquisition or similar business combination with one or more target businesses. The company indicated it will evaluate opportunities in the artificial intelligence sector and AI infrastructure - explicitly naming components, data, energy and infrastructure businesses as areas of interest.
The registration statement relating to the securities was declared effective by the Securities and Exchange Commission on May 14, 2026, the company disclosed.
Summary
The SPAC priced 27.4 million units at $10 each to raise $274 million and will list on Nasdaq as GUACU on May 15, 2026. Ordinary shares and warrants will trade separately as GUAC and GUACW. Needham & Company is the sole book-runner and the offering is expected to close on May 18, 2026, subject to customary closing conditions. The firm, led by Harry You, will target business combinations in AI and AI infrastructure. The SEC declared the registration effective on May 14, 2026.
Key points
- Berto Acquisition Corp. II priced 27.4 million units at $10.00 each, raising $274 million - a financing event in the SPAC market.
- The company will seek business combinations in artificial intelligence and AI infrastructure, highlighting potential impact on technology, data and energy-related sectors.
- Needham & Company is the sole book-running manager; the underwriter holds a 45-day overallotment option for up to 4.11 million additional units.
Risks and uncertainties
- The offering is expected to close on May 18, 2026, but remains subject to customary closing conditions, meaning the closing is not guaranteed.
- As a blank check company, Berto Acquisition Corp. II must identify and complete a qualifying business combination; the outcome and timing of that search are inherently uncertain.
- The underwriter's 45-day option to purchase up to 4.11 million additional units could result in additional units being issued, which may affect the eventual capital structure.