Company: CGCT
Filing Date: 2025-03-05
Form Type: S-1/A
Source: 0001104659-25-020969
Chunk: 245

Company: Cartesian Growth Corp III
Filing Date: 2025-03-05
Form: S-1/A
Chunk 245
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 by our                                                                                       
 sponsor and 100,000 founder shares held by DirectorCo (of which 90,000 shares are held for the benefit of our independent directors). 
 Our sponsor is the sole managing member of DirectorCo. Pangaea Three-B, LP is the sole member of our sponsor and is controlled by     
 Peter Yu, our Chairman and Chief Executive Officer. Consequently, each of Pangaea Three-B, LP and Mr. Yu may be deemed to share       
 voting and dispositive control over the founder shares held by our sponsor and DirectorCo, and thus to share beneficial ownership     
 of such securities. Mr. Yu disclaims beneficial ownership of the founder shares held by our sponsor and DirectorCo, except to         
 the extent of his pecuniary interest therein.                                                                                         |

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| (4) | Includes up to 750,000 founder shares that                                               
 will be surrendered by our sponsor to us for no consideration depending on the extent to 
 which the underwriters’ over-allotment option is exercised.                              |

| (5) | Does not include certain shares indirectly                                            
 owned by this individual as a result of his or her membership interest in DirectorCo. |

Immediately after this offering, our initial
shareholders will beneficially own 20% of the then issued and outstanding ordinary shares (assuming they do not purchase any units in
this offering). Prior to the closing of our initial business combination, only holders of our Class B ordinary shares will be entitled
to vote on the appointment and removal of directors or continuing the company in a jurisdiction outside the Cayman Islands (including
any special resolution required to amend our constitutional documents or to adopt new constitutional documents, in each case, as a result
of our approving a transfer by way of continuation in a jurisdiction outside the Cayman Islands). Because of this ownership block, our
initial shareholders may be able to effectively influence the outcome of all other matters requiring approval by our shareholders, including
the appointment of directors or continuing the company in a jurisdiction outside the Cayman Islands (including any special resolution
required to amend our constitutional documents or to adopt new constitutional documents, in each case, as a result of our approving a
transfer by way of continuation in a jurisdiction outside the Cayman Islands), and approval of significant corporate transactions including
our initial business combination.

Our sponsor and Cantor have committed, pursuant
to written agreements, to purchase an aggregate of 6,000,000 private placement warrants, each exercisable to purchase one Class A