Company: CGCT
Filing Date: 2025-01-29
Form Type: S-1
Source: 0001104659-25-006780
Chunk: 4

Company: Cartesian Growth Corp III
Filing Date: 2025-01-29
Form: S-1
Chunk 4
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 offering depending on the
extent to which the underwriters’ over-allotment option is exercised, which will automatically convert into Class A ordinary
shares concurrently with or immediately following the consummation of our initial business combination, or earlier at the option of the
holders thereof, on a one-for-one basis, subject to the adjustments described herein. Because our initial shareholders acquired the Class B
ordinary shares at a nominal price, our public shareholders will incur an immediate and substantial dilution upon the closing of this
offering, assuming no value is ascribed to the warrants included in the units. Further, the Class A ordinary shares issuable in connection
with the conversion of the Class B ordinary shares may result in material dilution to our public shareholders due to the anti-dilution
rights of our Class B ordinary shares that may result in an issuance of Class A ordinary shares on a greater than one-to-one
basis upon conversion. Prior to the closing of our initial business combination, only holders of our Class B ordinary shares (i) will
have the right to vote to appoint and remove directors prior to or in connection with the completion of our initial business combination
and (ii) will be entitled to vote on continuing our company in a jurisdiction outside the Cayman Islands (including any special resolution
required to amend our constitutional documents or to adopt new constitutional documents, in each case, as a result of our approving a
transfer by way of continuation in a jurisdiction outside the Cayman Islands). On any other matters submitted to a vote of our shareholders
prior to or in connection with the completion of our initial business combination, holders of our Class B ordinary shares and holders
of our Class A ordinary shares will vote together as a single class, except as required by law. Upon consummation of this offering
or thereafter, we will repay up to $250,000 in loans made to us by our sponsor to cover offering-related and organizational expenses,
and we will begin paying our sponsor $10,000 per month for office space, utilities and secretarial and administrative support. In the
event that following this offering we obtain working capital loans from our sponsor or an affiliate of our sponsor or certain of our officers
and directors to finance transaction costs related to our initial business combination, up to $1,500,000 of such loans may be convertible
into warrants of the post-business combination entity at a price of $1.00 per warrant at the option of the lender. Additionally, our initial
shareholders, officers or directors,