Company: CGCT
Filing Date: 2025-04-14
Form Type: S-1/A
Source: 0001104659-25-034635
Chunk: 4

Company: Cartesian Growth Corp III
Filing Date: 2025-04-14
Form: S-1/A
Chunk 4
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and CGC III Sponsor DirectorCo LLC (“DirectorCo”), have purchased an aggregate of 5,750,000 Class B ordinary shares
(the “founder shares”) for an aggregate of $25,000, up to 750,000 of which will be surrendered by our sponsor to us for no
consideration after the closing of this offering depending on the extent to which the underwriters’ over-allotment option is exercised,
which 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 holders thereof, on a one-for-one basis, subject to the adjustments described
herein. If we increase or decrease the size of this offering pursuant to Rule 462(b) under the Securities Act of 1933, as amended,
we will effect a share capitalization or a share repurchase or redemption or other appropriate mechanism, as applicable, with respect
to our Class B ordinary shares immediately prior to the consummation of this offering in such amount as to maintain the ownership
of founder shares by our initial shareholders, on an as-converted basis, at 20% of our issued and outstanding ordinary shares upon the
consummation of this offering. 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. Because our initial
shareholders acquired the Class B ordinary shares at a nominal price, our public shareholders will incur an immediate and substantial
dilution upon the closing of this offering, assuming no value is ascribed to the warrants included in the units. Further, the Class A
ordinary shares issuable in connection with the conversion of the Class B ordinary shares may result in material dilution to our
public shareholders due to the anti-dilution rights of our Class B ordinary shares that may result in an issuance of Class A
ordinary shares on a greater than one-to-one basis upon conversion. Prior to the closing of our initial business combination, only holders
of our Class B ordinary shares (i) will have the right to vote to appoint and remove directors prior to or in connection with
the completion of our initial business combination and (ii) will be entitled to vote on continuing our 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