Company: CGCT
Filing Date: 2025-03-05
Form Type: S-1/A
Source: 0001104659-25-020969
Chunk: 89

Company: Cartesian Growth Corp III
Filing Date: 2025-03-05
Form: S-1/A
Chunk 89
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ation of our initial business combination, or earlier at the option of the holder, on a one-for-one
basis, subject to adjustment for share sub-divisions, share capitalizations, reorganizations, recapitalizations and the like, and subject
to further adjustment as provided herein. In the case that additional Class A ordinary shares, or any other equity-linked securities,
are issued or deemed issued in excess of the amounts sold in this offering and related to or in connection with the closing of the initial
business combination, the ratio at which Class B ordinary shares convert into Class A ordinary shares will be adjusted (unless
the holders of 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 this 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 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. 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.

We may issue our shares to investors in connection with our initial business combination at a price which is less than the prevailing market price of our shares at that time.

In connection with our initial business combination,
we may issue shares to investors in private placement transactions (so-called PIPE transactions) at a price of $10.00 per share or lower,
or at a price that approximates the per share amounts in our trust account at such time. The purpose of such issuances will be to enable
us to provide