Company: CGCT
Filing Date: 2025-03-05
Form Type: S-1/A
Source: 0001104659-25-020969
Chunk: 214

Company: Cartesian Growth Corp III
Filing Date: 2025-03-05
Form: S-1/A
Chunk 214
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 we will complete
our initial business combination only if we receive an ordinary resolution under Cayman Islands law and our amended and restated memorandum
and articles of association, which requires the affirmative vote of at least a majority of the votes cast by such shareholders as, being
entitled to do so, vote in person or, where proxies are allowed, by proxy at the applicable general meeting of the company. A quorum
for such meeting will be present if the holders of at least one third of issued and outstanding shares entitled to vote at the meeting
are represented in person or by proxy. Our initial shareholders, officers and directors will count toward this quorum and, pursuant to
the letter agreements, our initial shareholders, officers and directors have agreed to vote their founder shares and any public shares
purchased during or after this offering (including in open market and privately-negotiated transactions, aside from shares they may purchase
in compliance with the requirements of Rule 14e-5 under the Exchange Act, which would not be voted in favor of approving the business
combination transaction) in favor of our initial business combination. For purposes of seeking approval of an ordinary resolution, non-votes
will have no effect on the approval of our initial business combination once a quorum is obtained. As a result, in addition to our initial
shareholders’ founder shares, we would need 7,500,001, or 37.5%, of the 20,000,000 public shares sold in this offering to be voted
in favor of an initial business combination in order to have our initial business combination approved, assuming all outstanding shares
are voted, the underwriters’ over-allotment option is not exercised and the parties to the letter agreements do not acquire any
public shares. Assuming that only the holders of one-third of our issued and outstanding ordinary shares, representing a quorum
under our amended and restated memorandum and articles of association vote their shares at a general meeting of the company, we may not
need any public shares in addition to our founder shares to be voted in favor of an initial business combination in order to approve
an initial business combination. However, if our initial business combination is structured as a statutory merger or consolidation with
another company under Cayman Islands law, the approval of our initial business combination will require a special resolution, which requires
the affirmative vote of at least two-thirds of the votes cast by such shareholders as, being entitled to do so, vote in person or, where
proxies are