Company: CGCT
Filing Date: 2025-01-29
Form Type: S-1
Source: 0001104659-25-006780
Chunk: 155

Company: Cartesian Growth Corp III
Filing Date: 2025-01-29
Form: S-1
Chunk 155
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 which we must
consummate our initial business combination. If we seek shareholder approval for an extension, holders of public shares will be offered
an opportunity to redeem their shares, regardless of whether they abstain, vote for, or vote against, our initial business combination,
at a per share price, payable in cash, equal to the aggregate amount then on deposit in the trust account, including interest earned thereon
(less taxes payable, but without deduction for any excise or similar tax that may be due or payable), divided by the number of then issued
and outstanding public shares, subject to applicable law.

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Dividend Policy</div>

We have not paid any cash dividends on our ordinary
shares to date and do not intend to pay cash dividends prior to the completion of our initial business combination. A Cayman Islands company
may pay a dividend on its shares out of either profit or the share premium account, provided that in no circumstances may a dividend be
paid if following such payment the company would be unable to pay its debts as they fall due in the ordinary course of business. The payment
of cash dividends following completion of our initial business combination will be within the discretion of our board of directors at
such time and will be dependent upon our revenues and earnings, if any, capital requirements and general financial condition at such time.
There is no certainty we will be in a position to, or decide to, pay cash dividends after completing any business combination. If we increase
or decrease the size of this offering pursuant to Rule 462(b) under the Securities Act, we will effect a share capitalization
or other appropriate mechanism immediately prior to the consummation of this offering in such amount as to maintain the number of founder
shares at 20% of our issued and outstanding ordinary shares upon the consummation of this offering. Further, if we incur any indebtedness
in connection with our initial business combination, our ability to declare dividends following completion of our initial business combination
may be limited by restrictive covenants we may agree to in connection therewith.

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Dilution</div>

The difference between the public offering price
per unit and the NTBV per Class A ordinary share after this offering constitutes the dilution to investors in this offering. NTBV
per share is determined by dividing our NTBV, which is our total tangible assets less total liabilities (including the value of Class A
ordinary shares that may be redeemed for cash), by the number