Company: CGCT
Filing Date: 2025-03-21
Form Type: S-1/A
Source: 0001104659-25-026623
Chunk: 267

Company: Cartesian Growth Corp III
Filing Date: 2025-03-21
Form: S-1/A
Chunk 267
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 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. Additionally, each public shareholder may elect to redeem their public shares irrespective of whether
they vote for or vote against the proposed transaction, or whether they do not vote or abstain from voting on the proposed transaction,
or whether they were a public shareholder on the record date for the general meeting held to approve the proposed transaction.

Pursuant to our amended and restated memorandum
and articles of association, if we have not completed our initial business combination within the completion window, we will (i) cease
all operations except for the purpose of winding up, (ii) as promptly as reasonably possible but not more than ten business days
thereafter (and subject to lawfully available funds therefor), redeem the public shares, at a per share price, payable in cash, equal
to the aggregate amount then on deposit in the trust account, including interest earned on the funds held in the trust account (which
interest shall be net of taxes payable, but without deduction for any excise or similar tax that may be due or payable, and less up to
$100,000 of interest to pay dissolution expenses), divided by the number of then-outstanding public shares, which redemption will completely
extinguish public shareholders’ rights as shareholders (including the right to receive further liquidating distributions, if any),
subject to applicable law, and (iii) as promptly as reasonably possible following such redemption, subject to the approval of our
remaining shareholders and our board of directors, liquidate and dissolve, subject in each case to our obligations under Cayman Islands
law to provide for claims of creditors and the requirements of other applicable law. Our initial shareholders, officers and directors
have entered into letter agreements with us, pursuant to which they have agreed to waive their rights to liquidating distributions from
the trust account with respect to their founder shares if we fail to complete our initial business combination within the completion
window. However, if our initial shareholders or management team acquire public shares in or after this offering, they will be entitled
to liquidating distributions from the trust account with respect to such public shares if we fail to complete our initial business combination
within the prescribed time period.

In the event of a liquidation, dissolution or
winding up of the company after a business combination, our shareholders are entitled to share ratably in all assets remaining available
for distribution to them after payment