Berto Acquisition Corp. II (GUAC) names Vikas Mittal interim CFO
Rhea-AI Filing Summary
Berto Acquisition Corp. II states that President and Chief Financial Officer Robert You resigned effective immediately on July 31, 2026. The company states that his resignation was not due to any disagreement with management, the board, or with operations, policies or practices.
The board appointed Executive Chairman Vikas Mittal, age 46, as Interim Chief Financial Officer, effective the same day, while an executive search for a permanent CFO is conducted. Mittal leads Meteora Capital, LLC, which acquired 300,000 founder shares for $1,043.48 and received a $500,000 cash fee under a consulting agreement related to the SPAC’s IPO. He is party to indemnity, letter and registration rights agreements and has executed an omnibus joinder to those agreements.
Positive
- None.
Negative
- Immediate loss of President and CFO: Robert You resigned effective July 31, 2026, leading to an interim arrangement for the company’s chief financial role.
Filing Explained
Although the filing formally appoints Executive Chairman Vikas Mittal as interim CFO effective July 31, 2026, it also states that he has served as the company’s CFO since June 2025; the change therefore designates an existing CFO as interim while the search for a permanent CFO continues.
8-K Event Classification
2 items: 5.02, 9.01
2 items
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Founder shares issued to Meteora: 300,000 shares
Payment for founder shares: $1,043.48
Consulting fee to Meteora: $500,000
+3 more
6 metrics
Founder shares issued to Meteora
300,000 shares
Acquired by Meteora Capital, LLC in December 2025 as initial shareholder
Payment for founder shares
$1,043.48
Total amount paid by Meteora Capital, LLC for 300,000 founder shares
Consulting fee to Meteora
$500,000
Cash fee paid upon closing of the IPO under consulting agreement
Warrant exercise price
$11.50 per share
Exercise price for each whole warrant of Berto Acquisition Corp. II
Ordinary share par value
$0.0001 per share
Par value of the company’s ordinary shares
Interim CFO appointment date
July 31, 2026
Effective date of Vikas Mittal’s appointment as Interim Chief Financial Officer
Key Terms
special purpose acquisition company, founder shares, registration rights agreement, indemnity agreement, +1 more
5 terms
special purpose acquisition company financial
"Mr. Mittal has nearly two decades of experience related to special purpose acquisition companies."
A special purpose acquisition company (SPAC) is a company formed with the sole purpose of raising money through a public offering to buy or merge with an existing private business. It acts like a vehicle that allows private companies to go public more quickly and with less complexity. For investors, it offers an opportunity to invest early in a potential acquisition, though it also carries risks if the intended deal doesn’t materialize.
registration rights agreement financial
"Meteora ... entered into a letter agreement and a registration rights agreement with the Company"
A registration rights agreement is a contract that gives investors the option to have their ownership stakes officially registered with the government, making it easier to sell their shares later. This agreement matters because it provides investors with a clearer path to cash out their investments if they choose, offering more liquidity and confidence in their ability to sell their holdings when desired.
indemnity agreement financial
"Mr. Mittal ... entered into an indemnity agreement with the Company"
Emerging growth company regulatory
"Emerging growth company"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What executive changes did GUAC report on July 31, 2026?
Berto Acquisition Corp. II reported that President and Chief Financial Officer Robert You resigned effective July 31, 2026. The board then appointed Executive Chairman Vikas Mittal as Interim Chief Financial Officer while the company conducts a search for a permanent CFO.
Who is Vikas Mittal and what roles does he hold at GUAC?
Vikas Mittal serves as Executive Chairman of Berto Acquisition Corp. II and became Interim Chief Financial Officer on July 31, 2026. He also manages Meteora Capital, LLC and has nearly two decades of experience related to special purpose acquisition companies.
What compensation did Meteora Capital receive from Berto Acquisition Corp. II (GUAC)?
Meteora Capital, managed by Vikas Mittal, acquired 300,000 founder shares for $1,043.48 and received a $500,000 cash fee upon GUAC’s IPO, under a consulting agreement covering SPAC structuring and capital markets services.
What agreements link Vikas Mittal and Meteora to Berto Acquisition Corp. II (GUAC)?
Vikas Mittal is party to an indemnity agreement, while Meteora and Mittal are parties to a letter agreement, registration rights agreement, a consulting agreement, and an omnibus joinder that ties him into those shareholder arrangements.