Company: CGCT
Filing Date: 2025-03-05
Form Type: S-1/A
Source: 0001104659-25-020969
Chunk: 102

Company: Cartesian Growth Corp III
Filing Date: 2025-03-05
Form: S-1/A
Chunk 102
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 case all of the current directors will continue in office until at least the completion of the business
combination. If there is an annual general meeting, as a consequence of our “staggered” board of directors, only a minority
of the board of directors will be considered for appointment and our initial shareholders, because of their ownership position, will
have considerable influence regarding the outcome. In addition, only holders of our Class B ordinary shares will have the right
to vote on directors prior to our initial business combination. Accordingly, our initial shareholders will continue to exert control
at least until the completion of our initial business combination.

We may not be able to complete an initial business combination because such initial business combination may be subject to regulatory review and approval requirements, including foreign investment regulations and review by government entities such as the Committee on Foreign Investment in the United States (“CFIUS”), or may be ultimately prohibited.

Our initial business combination may be subject
to regulatory review and approval requirements by governmental entities, or ultimately prohibited. For example, CFIUS has authority to
review direct or indirect foreign investments in U.S. companies. Among other things, CFIUS is empowered to require certain foreign
investors to make mandatory filings, to charge filing fees related to such filings, and to self-initiate national security reviews of
foreign direct and indirect investments in U.S. companies if the parties to that investment choose not to file voluntarily. In the
case that CFIUS determines an investment to be a threat to national security, CFIUS has the power to unwind or place restrictions on
the investment. Whether CFIUS has jurisdiction to review an acquisition or investment transaction depends on — among
other factors — the nature and structure of the transaction, including the level of beneficial ownership interest and
the nature of any information or governance rights involved. While our sponsor is a limited liability company formed in the Cayman Islands,
it is not controlled by, nor does it have substantial ties with, a non-U.S. person; however, investments that result in “control”
of a U.S. business by a foreign person are always subject to CFIUS jurisdiction. CFIUS’s expanded jurisdiction under the Foreign
Investment Risk Review Modernization Act of 2018 and implementing regulations that became effective on February 13, 2020
further includes investments that do not result in control of a U.S. business by a foreign person but afford certain foreign investors
certain information or governance rights in a U.S. business that has