Company: CGCT
Filing Date: 2025-03-05
Form Type: S-1/A
Source: 0001104659-25-020969
Chunk: 122

Company: Cartesian Growth Corp III
Filing Date: 2025-03-05
Form: S-1/A
Chunk 122
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 Nasdaq Capital Market which has different initial listing requirements,
our share price would generally be required to be at least $4.00 per share and we would be required to have a minimum of 400 round lot
holders of our securities. We cannot assure you that we will be able to meet those initial listing requirements at that time.

If Nasdaq delists our securities from trading
on its exchange and we are not able to list our securities on another national securities exchange, we expect our securities could be
quoted on an over-the-counter market. If this were to occur, we could face significant material adverse consequences, including:

| · | a                                                             
 limited availability of market quotations for our securities; |

| · | reduced                       
 liquidity for our securities; |

| · | a                                                                                         
 determination that our Class A ordinary shares are a “penny stock” which                  
 will require brokers trading in our Class A ordinary shares to adhere to more stringent   
 rules and possibly result in a reduced level of trading activity in the secondary trading 
 market for our securities;                                                                |

| · | a                                                
 limited amount of news and analyst coverage; and |

| · | a                                                                                              
 decreased ability to issue additional securities or obtain additional financing in the future. |

The National Securities Markets Improvement Act of 1996,
which is a federal statute, prevents or preempts the states from regulating the sale of certain securities, which are referred to as
“covered securities.” Because we expect that our units and eventually our Class A ordinary shares and warrants will
be listed on Nasdaq, our units, Class A ordinary shares and warrants will qualify as covered securities under the statute. Although
the states are preempted from regulating the sale of our securities, the federal statute does allow the states to investigate companies
if there is a suspicion of fraud, and, if there is a finding of fraudulent activity, then the states can regulate or bar the sale of
covered securities in a particular case. While we are not aware of a state having used these powers to prohibit or restrict the sale
of securities issued by blank check companies, other than the State of Idaho, certain state securities regulators view blank check companies
unfavorably and might use these powers, or threaten to use these powers, to hinder the sale of securities of blank check companies in
their states. Further, if we were no longer listed on Nasdaq, our securities would not qualify as covered securities under the statute
and we would be subject to regulation in each state in which we offer our securities.

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