Company: CGCT
Filing Date: 2025-03-21
Form Type: S-1/A
Source: 0001104659-25-026623
Chunk: 193

Company: Cartesian Growth Corp III
Filing Date: 2025-03-21
Form: S-1/A
Chunk 193
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-linked securities issued, or to be issued, to any seller in the initial
business combination and any private placement-equivalent warrants issued to our sponsor or any of its affiliates or to our 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.

If we increase or decrease the size of this
offering pursuant to Rule 462(b) under the Securities Act of 1933, as amended, we will effect a share capitalization or a share repurchase
or redemption or other appropriate mechanism, as applicable, with respect to our Class B ordinary shares immediately prior to the consummation
of this offering in such amount as to maintain the ownership of founder shares by our initial shareholders, on an as-converted basis,
at 20% of our issued and outstanding ordinary shares upon the consummation of this offering. Any conversion of Class B ordinary shares
described herein will take effect as a compulsory redemption of Class B ordinary shares and an issuance of Class A ordinary shares as
a matter of Cayman Islands law.

Pursuant to letter agreements with us, each of
our initial shareholders, directors and officers has agreed to restrictions on its ability to transfer, assign, or sell the founder shares
and private placement warrants, as summarized in the table below.

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| Subject Securities                                                                                                                 |     | Expiration                                                                                                                       
 Date                                                                                                                             |     | Natural                        
 Persons and                    
 Entities Subject to            
 Restrictions                   |     | Exceptions                                                                                                                               
 to Transfer Restrictions                                                                                                                 |
| Founder                                                                                                                            
 shares                                                                                                                             |     | The earlier of (A) one                                                                                                           
 year after the completion of our initial business combination or earlier if, subsequent to our initial business combination, the 
 closing price of our Class A ordinary shares equals or exceeds $12.00 per share (as adjusted for share sub-divisions, share      
 capitalizations, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period       
 commencing at least 150 days after our initial business combination and (B) the date following the completion of our initial     
 business combination on which we complete a liquidation, merger, share exchange or other similar transaction that results in all 
 of our shareholders having the right to exchange their Class A ordinary shares for