Company: CGCT
Filing Date: 2025-04-14
Form Type: S-1/A
Source: 0001104659-25-034635
Chunk: 364

Company: Cartesian Growth Corp III
Filing Date: 2025-04-14
Form: S-1/A
Chunk 364
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 a majority of the outstanding Class B ordinary
shares agree to waive such adjustment with respect to any such issuance or deemed issuance) so that the number of Class A ordinary
shares issuable upon conversion of all Class B ordinary shares will equal, in the aggregate, 20% of the sum of (i) the total
number of all Class A ordinary shares outstanding upon the completion of the Proposed Public Offering (including any Class A
ordinary shares issued pursuant to the underwriters’ over-allotment option and excluding the Class A ordinary shares underlying
the Private Placement Warrants), plus (ii) all Class A ordinary shares and equity-linked securities issued or deemed issued,
in connection with the closing of the initial Business Combination (excluding any shares or equity-linked securities issued, or to be
issued, to any seller in the initial Business Combination and any private placement-equivalent warrants issued to the Sponsor or any
of its affiliates or to the Company’s officers or directors upon conversion of Working Capital Loans) minus (iii) any redemptions
of Class A ordinary shares by public shareholders in connection with an initial Business Combination; provided that such conversion
of founder shares will never occur on a less than one-for-one basis.

<div align='center'>F-14

Cartesian Growth Corporation IIINOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2024</div>

Holders of record of the Company’s Class A
ordinary shares and Class B ordinary shares are entitled to one vote for each share held on all matters to be voted on by shareholders.
Unless specified in the Articles or as required by the Companies Act (Revised) of the Cayman Islands, as the same may be amended from
time to time, or stock exchange rules, an ordinary resolution under Cayman Islands law and the Articles, which requires the affirmative
vote of at least a majority of the votes cast by such shareholders as, being entitled to do so, vote in person or, where proxies are
allowed, by proxy at the applicable general meeting of the Company, is generally required to approve any matter voted on by the Company’s
shareholders. Approval of certain actions requires a special resolution under Cayman Islands law, which (except as specified below) requires
the affirmative vote of at least two-thirds of the votes cast by such shareholders as, being entitled to do so, vote in person or, where
proxies are allowed, by proxy at the applicable general meeting of the Company, and pursuant to the Articles, such actions include am