Company: CGCT
Filing Date: 2025-01-29
Form Type: S-1
Source: 0001104659-25-006780
Chunk: 57

Company: Cartesian Growth Corp III
Filing Date: 2025-01-29
Form: S-1
Chunk 57
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 shareholders to sell their shares to us in a tender offer will be made by us, solely in our discretion, and will be based
on a variety of factors, such as the timing of the transaction and whether the terms of the transaction would otherwise require us to
seek shareholder approval. Even if we seek shareholder approval, the holders of our founder shares will participate in the vote on such
approval, which means we may complete our initial business combination even though a majority of our public shareholders do not support
such a combination. Additionally, assuming that only the holders of one-third of our issued and outstanding ordinary shares, representing
a quorum under our amended and restated memorandum and articles of association, vote their shares at a general meeting of the company,
we may not need any public shares in addition to our founder shares to be voted in favor of an initial business combination in order to
approve an initial business combination. Please see the section entitled “Effecting Our Initial Business Combination — Shareholders May Not Have the Ability to Approve Our Initial Business Combination” for additional information.

If we seek shareholder approval of our initial business combination, our initial shareholders and management team have agreed to vote in favor of such initial business combination, regardless of how our public shareholders vote.

Our initial shareholders will own 20% of our issued
and outstanding ordinary shares immediately following the completion of this offering (assuming our initial shareholders do not purchase
any units in this offering).

Our initial shareholders and management team also
may from time to time purchase Class A ordinary shares prior to our initial business combination. Our amended and restated memorandum
and articles of association provide that, if we seek shareholder approval of an initial business combination, such initial business combination
will be approved if we receive an ordinary resolution under Cayman Islands law and our amended and restated memorandum and articles of
association, which requires the affirmative vote of at least a majority of the votes cast by such shareholders as, being entitled to do
so, vote in person or, where proxies are allowed, by proxy at the applicable general meeting of the company. As a result, in addition
to our initial shareholders’ founder shares, we would need 7,500,001, or 37.5%, of the 20,000,000 public shares sold in this offering
to be voted in favor of an initial business combination in order to have our initial business combination approved, assuming all outstanding
shares are voted, the underwriters’ over-allotment option is not exercised and the parties to the letter