Company: CGCT
Filing Date: 2025-04-14
Form Type: S-1/A
Source: 0001104659-25-034635
Chunk: 92

Company: Cartesian Growth Corp III
Filing Date: 2025-04-14
Form: S-1/A
Chunk 92
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 Class A ordinary shares and equity-linked
securities issued or deemed issued, in connection with the closing of the initial business combination (excluding any shares or equity-linked
securities issued, or to be issued, to any seller in the initial business combination and any private placement-equivalent warrants issued
to our sponsor or any of its affiliates or to our officers or directors upon conversion of working capital loans) minus (iii) any
redemptions of Class A ordinary shares by public shareholders in connection with an initial business combination; provided that
such conversion of founder shares will never occur on a less than one-for-one basis. Any conversion of Class B ordinary shares described
herein will take effect as a compulsory redemption of Class B ordinary shares and an issuance of Class A ordinary shares as
a matter of Cayman Islands law.

We may issue our shares to investors in connection with our initial business combination at a price which is less than the prevailing market price of our shares at that time.

In connection with our initial business combination,
we may issue shares to investors in private placement transactions (so-called PIPE transactions) at a price of $10.00 per share or lower,
or at a price that approximates the per share amounts in our trust account at such time. The purpose of such issuances will be to enable
us to provide sufficient liquidity and capital to the post-business combination entity. The price of the shares we issue may therefore
be less, and potentially significantly less, than the market price for our shares at such time. Any such issuances of equity securities
could dilute the interests of our existing shareholders.

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Because only holders of our Class B ordinary shares will have the right to vote on the appointment of directors, upon the listing of our shares on Nasdaq, Nasdaq will consider us to be a “controlled company” within the meaning of Nasdaq rules and, as a result, we may qualify for exemptions from certain corporate governance requirements.

After completion of this offering and prior to
the consummation of a business combination, only holders of our Class B ordinary shares will have the right to vote on the appointment
of directors. As a result, Nasdaq will consider us to be a “controlled company” within the meaning of Nasdaq corporate governance
standards. Under Nasdaq corporate governance standards, a company of which more than 50% of the voting power for the appointment of directors
is held by an individual, group or another company is a “controlled company” and