Company: CGCT
Filing Date: 2025-04-14
Form Type: S-1/A
Source: 0001104659-25-034635
Chunk: 206

Company: Cartesian Growth Corp III
Filing Date: 2025-04-14
Form: S-1/A
Chunk 206
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 remain an emerging growth company until
the earlier of (1) the last day of the fiscal year (a) following the fifth anniversary of the completion of this offering,
(b) in which we have total annual gross revenue of at least $1.235 billion, or (c) in which we are deemed to be a large
accelerated filer, which means the market value of our Class A ordinary shares that are held by non-affiliates exceeds $700 million
as of the prior June 30, and (2) the date on which we have issued more than $1.0 billion in non-convertible
debt during the prior three-year period.

Additionally, we are a “smaller reporting
company” as defined in Item 10(f)(1) of Regulation S-K. Smaller reporting companies may take advantage of certain
reduced disclosure obligations, including, among other things, providing only two years of audited financial statements. We will
remain a smaller reporting company until the last day of the fiscal year in which (1) the market value of our Class A
ordinary shares held by non-affiliates equals or exceeds $250 million as of the end of that year’s second fiscal quarter,
or (2) our annual revenues equaled or exceeded $100 million during such completed fiscal year and the market value of our Class A
ordinary shares held by non-affiliates exceeds $700 million as of the end of that year’s second fiscal quarter.

In addition, after completion of this offering
and prior to the consummation of a business combination, only holders of our Class B ordinary shares will have the right to vote
on the appointment or removal of directors. As a result, Nasdaq will consider us to be a “controlled company” within the
meaning of Nasdaq corporate governance standards. Under Nasdaq corporate governance standards, a company of which more than 50% of the
voting power for the appointment of directors is held by an individual, group or another company is a “controlled company”
and may elect not to comply with certain corporate governance requirements. We currently do not intend to rely on the “controlled
company” exemption but may do so in the future. Accordingly, if we choose to do so, you will not have the same protections afforded
to shareholders of companies that are subject to all of the Nasdaq corporate governance requirements.

Legal Proceedings

There is no material litigation, arbitration
or governmental proceeding currently pending against us or any members of our management team