Company: CGCT
Filing Date: 2025-03-05
Form Type: S-1/A
Source: 0001104659-25-020969
Chunk: 77

Company: Cartesian Growth Corp III
Filing Date: 2025-03-05
Form: S-1/A
Chunk 77
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 of our public shares if we have not consummated an initial business combination within the completion window or (B) with respect
to any other material provisions relating to shareholders’ rights or pre-initial business combination activity; or (iii) the
redemption of our public shares if we are unable to complete an initial business combination within the completion window, subject to
applicable law and as further described herein.

We are aware of litigation claiming that certain
SPACs should be considered to be investment companies. Although we believe that these claims were without merit, we cannot guarantee
that we will not be deemed to be an investment company and thus subject to the Investment Company Act. If we were deemed to be subject
to the Investment Company Act, compliance with these additional regulatory burdens would require additional expenses for which we have
not allotted funds and may hinder our ability to complete an initial business combination or may result in our winding down our operations
and our liquidation. If we are unable to complete our initial business combination, our public shareholders may receive only approximately
$10.00 per share on the liquidation of our trust account and our warrants will expire worthless, and our public shareholders would also
lose the possibility of an investment opportunity in a target company as well as any potential price appreciation in the combined company
following a business combination.

To mitigate the risk that we might be deemed to be an investment company for purposes of the Investment Company Act, which risk increases the longer that we hold investments in the trust account, we may, at any time (based on our management team’s ongoing assessment of all factors related to our potential status under the Investment Company Act), instruct the trustee to liquidate the investments held in the trust account and instead to hold the funds in the trust account in cash or in an interest bearing demand deposit account at a bank until the earlier of the consummation of our initial business combination or our liquidation. As a result, following the liquidation of investments in the trust account, we would likely receive less interest on the funds held in the trust account, which would likely reduce the dollar amount our public shareholders would receive upon any redemption or liquidation.

The funds to be held in the trust account will,
following this offering, be initially held only in U.S. government treasury obligations with a maturity of 185 days or less,
in money market funds investing solely in U.S. government treasury obligations and meeting certain conditions under Rule 2a-7 under
the Investment Company Act and in cash or cash like items (including