Company: CGCT
Filing Date: 2025-01-29
Form Type: S-1
Source: 0001104659-25-006780
Chunk: 138

Company: Cartesian Growth Corp III
Filing Date: 2025-01-29
Form: S-1
Chunk 138
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 Class A ordinary shares if the underwriters’ over-allotment option
is exercised in full) as part of the units offered by this prospectus and, simultaneously with the closing of this offering, we will be
issuing in a private placement an aggregate of 6,000,000 private placement warrants, at $1.00 per private placement warrant. In addition,
if our sponsor or an affiliate of our sponsor or certain of our officers and directors make any working capital loans, such persons may
convert those loans into up to an aggregate of 1,500,000 private placement-equivalent warrants, at the price of $1.00 per warrant. To
the extent we issue ordinary shares to effectuate a business transaction, the potential for the issuance of a substantial number of additional
Class A ordinary shares upon exercise of these warrants could make us a less attractive acquisition vehicle to a target business.
Such warrants, when exercised, will increase the number of issued and outstanding Class A ordinary shares and reduce the value of
the Class A ordinary shares issued to complete the business transaction. Therefore, our warrants may make it more difficult to effectuate
a business transaction or increase the cost of acquiring the target business.

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Because each unit contains one-half of one warrant and only a whole warrant may be exercised, the units may be worth less than units of other SPACs.

Each unit contains one-half of one warrant. Pursuant
to the warrant agreement, no fractional warrants will be issued upon separation of the units, and only whole units will trade. If, upon
exercise of the warrants, a holder would be entitled to receive a fractional interest in a share, we will, upon exercise, round down to
the nearest whole number the number of Class A ordinary shares to be issued to the warrant holder. This is different from other offerings
similar to ours whose units include one ordinary share and one whole warrant to purchase one share. We have established the components
of the units in this way in order to reduce the dilutive effect of the warrants upon completion of a business combination because the
warrants will be exercisable in the aggregate for one-half of the number of shares compared to units that each contain a whole warrant
to purchase one share, thus making us, we believe, a more attractive merger partner for target businesses. Nevertheless, this unit structure
may cause our units to be worth less than if it included a whole warrant to purchase one share.

Holders of Class A ordinary shares