Company: CGCT
Filing Date: 2025-03-21
Form Type: S-1/A
Source: 0001104659-25-026623
Chunk: 139

Company: Cartesian Growth Corp III
Filing Date: 2025-03-21
Form: S-1/A
Chunk 139
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 the market price of our Class A ordinary shares and make it more difficult to effectuate our initial business combination.

We will be issuing warrants to purchase 10,000,000
of our Class A ordinary shares (or up to 11,500,000 Class A ordinary shares if the underwriters’ over-allotment option
is exercised in full) as part of the units offered by this prospectus and, simultaneously with the closing of this offering, we will
be issuing in a private placement an aggregate of 6,000,000 private placement warrants, at $1.00 per private placement warrant. If the
private placement warrants become exercisable on a cashless basis, the exercise of such warrants may result in material dilution to our
public shareholders. In addition, if our sponsor or an affiliate of our sponsor or certain of our officers and directors make any working
capital loans, such persons may convert those loans into up to an aggregate of 1,500,000 private placement-equivalent warrants, at the
price of $1.00 per warrant, which conversion may result in material dilution to our public shareholders. To the extent we issue ordinary
shares to effectuate a business transaction, the potential for the issuance of a substantial number of additional Class A ordinary
shares upon exercise of these warrants could make us a less attractive acquisition vehicle to a target business. Such warrants, when
exercised, will increase the number of issued and outstanding Class A ordinary shares and reduce the value of the Class A ordinary
shares issued to complete the business transaction. Therefore, our warrants may make it more difficult to effectuate a business transaction
or increase the cost of acquiring the target business.

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Because each unit contains one-half of one warrant and only a whole warrant may be exercised, the units may be worth less than units of other SPACs.

Each unit contains one-half of one warrant. Pursuant
to the warrant agreement, no fractional warrants will be issued upon separation of the units, and only whole units will trade. If, upon
exercise of the warrants, a holder would be entitled to receive a fractional interest in a share, we will, upon exercise, round down
to the nearest whole number the number of Class A ordinary shares to be issued to the warrant holder. This is different from other
offerings similar to ours whose units include one ordinary share and one whole warrant to purchase one share. We have established the
components of the units in this way