Company: CGCT
Filing Date: 2025-03-21
Form Type: S-1/A
Source: 0001104659-25-026623
Chunk: 169

Company: Cartesian Growth Corp III
Filing Date: 2025-03-21
Form: S-1/A
Chunk 169
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 a part, we will reimburse our sponsor in an amount equal to $10,000 per month for office space,
utilities and secretarial and administrative support made available to us. Upon completion of our initial business combination or our
liquidation, we will cease paying these monthly fees.

Prior to the closing of this offering, our sponsor
may loan us funds in an aggregate amount of up to $250,000 to be used for a portion of the expenses of this offering. These loans would
be non-interest bearing, unsecured and are due at the earlier of March 31, 2025 or the closing of this offering. As of December 31,
2024, we had borrowed $41,626 under the promissory note with our sponsor.

In addition, in order to finance transaction
costs in connection with an intended initial business combination, our sponsor or an affiliate of our sponsor or certain of our officers
and directors may, but are not obligated to, loan us funds as may be required on a non-interest basis. If we complete an initial business
combination, we would repay such loaned amounts. In the event that the initial business combination does not close, we may use amounts
held outside the trust account to repay such loaned amounts but no proceeds from our trust account would be used for such repayment.
Up to $1,500,000 of such loans may be convertible into private placement warrants of the post business combination entity at a price
of $1.00 per warrant at the option of the lender, which conversion may result in material dilution to our public shareholders. Such warrants
would be identical to the private placement warrants. Except as set forth above, the terms of such loans, if any, have not been determined
and no written agreements exist with respect to such loans. Prior to the completion of our initial business combination, we do not expect
to seek loans from parties other than our sponsor or an affiliate of our sponsor as we do not believe third parties will be willing to
loan such funds and provide a waiver against any and all rights to seek access to funds in our trust account.

We have until the date that is 24 months from
the closing of this offering, or until such earlier date as our board of directors may approve, to consummate our initial business combination.
If we anticipate that we may be unable to consummate our initial business combination within such 24-month period, we may seek shareholder
approval to amend our amended and restated memorandum and articles of association to extend