Company: CGCT
Filing Date: 2025-01-29
Form Type: S-1
Source: 0001104659-25-006780
Chunk: 272

Company: Cartesian Growth Corp III
Filing Date: 2025-01-29
Form: S-1
Chunk 272
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orandum and articles of association, and (v) 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).

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The founder shares will automatically convert
into Class A ordinary shares concurrently with or immediately following the consummation of our initial business combination, or
earlier at the option of the holder, on a one-for-one basis, subject to adjustment for share sub-divisions, share capitalizations, reorganizations,
recapitalizations and the like, and subject to further adjustment as provided herein. In the case that additional Class A ordinary
shares, or any other equity-linked securities, are issued or deemed issued in excess of the amounts sold in this offering and related
to or in connection with the closing of the initial business combination, the ratio at which Class B ordinary shares convert into
Class A ordinary shares will be adjusted (unless the holders of a majority of the outstanding Class B ordinary shares agree
to waive such adjustment with respect to any such issuance or deemed issuance) so that the number of Class A ordinary shares issuable
upon conversion of all Class B ordinary shares will equal, in the aggregate, 20% of the sum of (i) the total number of all Class A
ordinary shares outstanding upon the completion of this offering (including any Class A ordinary shares issued pursuant to the underwriters’
over-allotment option and excluding the Class A ordinary shares underlying the private placement warrants), plus (ii) all 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.

With certain limited exceptions, the founder shares
are not transferable, assignable or