Company: CGCT
Filing Date: 2025-03-05
Form Type: S-1/A
Source: 0001104659-25-020969
Chunk: 268

Company: Cartesian Growth Corp III
Filing Date: 2025-03-05
Form: S-1/A
Chunk 268
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 of the warrant agreement. If a registration
statement covering the Class A ordinary shares issuable upon exercise of the warrants is not effective by the 60 business day
after the closing of our initial business combination, warrant holders may, until such time as there is an effective registration statement
and during any period when we will have failed to maintain an effective registration statement, exercise warrants on a “cashless
basis” in accordance with Section 3(a)(9) of the Securities Act or another exemption. Notwithstanding the above, if our
Class A ordinary shares are at the time of any exercise of a warrant not listed on a national securities exchange such that they
satisfy the definition of a “covered security” under Section 18(b)(1) of the Securities Act, we may, at our option,
require holders of public warrants who exercise their warrants to do so on a “cashless basis” in accordance with Section 3(a)(9) of
the Securities Act and, in the event we so elect, we will not be required to file or maintain in effect a registration statement.

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Redemption of warrants when the price per Class A ordinary share equals or exceeds $18.00.Once the warrants
become exercisable, we may redeem the outstanding warrants:

| · | in                     
 whole and not in part; |

| · | at                                                                            
 a price of $0.01 per warrant; upon a minimum of 30 days’ prior written notice 
 of redemption (the “30-day redemption period”); and                           |

| · | if,                                                                                      
 and only if, the closing price of our Class A ordinary shares equals or exceeds $18.00   
 per share (as adjusted for adjustments to the number of shares issuable upon exercise or 
 the exercise price of a warrant as described under the heading “— Redemption             
 Procedures — Anti-dilution Adjustments”) for any 20 trading days                         
 within a 30-trading day period commencing at least 30 days after completion of           
 our initial business combination and ending three business days before we send           
 the notice of redemption to the warrant holders.                                         |

We will not redeem the warrants as described
above unless a registration statement under the Securities Act covering the issuance of the Class A ordinary shares issuable upon
exercise of the warrants is then effective and a current prospectus relating to those Class A ordinary shares is available throughout
the measurement period. If and when the warrants become redeemable by us, we may