Company: CGCT
Filing Date: 2025-03-05
Form Type: S-1/A
Source: 0001104659-25-020969
Chunk: 279

Company: Cartesian Growth Corp III
Filing Date: 2025-03-05
Form: S-1/A
Chunk 279
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 to be contributed are shares of any company listed on
a national securities exchange or shares of the surviving or consolidated company.

<div align='center'>146</div>

Moreover, Cayman Islands law has separate statutory
provisions that facilitate the reconstruction or amalgamation of companies in certain circumstances, commonly referred to in the Cayman
Islands as a “scheme of arrangement,” which may be tantamount to a merger. Schemes of arrangement will generally be more
suited for complex mergers or other transactions involving widely held companies. In the event that a merger was sought pursuant to a
scheme of arrangement (the procedures for which are more rigorous and take longer to complete than the procedures typically required
to consummate a merger in the United States), the arrangement in question must be approved (i) in relation to a compromise
or arrangement between a company and its creditors or any class of them, a majority in number of such creditors or class of creditors
with whom the arrangement is to be made and who must in addition represent 75% in value of such creditors or class of creditors, as the
case may be, that are present and voting either in person or by proxy at a meeting summoned for that purpose; and (ii) in relation
to a compromise or arrangement between a company and its shareholders or any class of them, shareholders who represent 75% in value of
the company’s shareholders or class of shareholders, as the case may be, that are present and voting either in person or by proxy
at a meeting summoned for that purpose. The convening of the meetings and subsequently the terms of the arrangement must be sanctioned
by the Grand Court of the Cayman Islands. While a dissenting shareholder would have the right to express to the court the view that the
transaction should not be approved, the court can be expected to approve the arrangement if it satisfies itself that:

| · | we                                                                                        
 are not proposing to act illegally or beyond the scope of our corporate authority and the 
 statutory provisions as to majority vote have been complied with;                         |

| · | the                                                                   
 shareholders have been fairly represented at the meeting in question; |

| · | the                                                                
 arrangement is such as a businessman would reasonably approve; and |

| · | the                                                                                      
 arrangement is not one that would more properly be sanctioned under some other provision 
 of the Companies Law or that would amount to a “fraud on the minority.”                  |

If a scheme of arrangement or takeover offer
(as described below) is approved, any dissent