Company: CGCT
Filing Date: 2025-01-29
Form Type: S-1
Source: 0001104659-25-006780
Chunk: 203

Company: Cartesian Growth Corp III
Filing Date: 2025-01-29
Form: S-1
Chunk 203
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 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 in their capacities as such.

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Effecting Our Initial Business Combination</div>

General

We are not presently engaged in, and we will not
engage in, any operations for an indefinite period of time following this offering. We intend to effectuate our initial business combination
using cash from the proceeds of this offering and the private placement of the private placement warrants, the proceeds of the sale of
our shares in connection with our initial business combination (including pursuant to forward purchase agreements or backstop agreements
we may enter into following the consummation of this offering or otherwise), shares issued to the owners of the target, debt issued to
bank or other lenders or the owners of the target, other securities issuances, or a combination of the foregoing. We may seek to complete
our initial business combination with a company or business that may be financially unstable or in its early stages of development or
growth, which would subject us to the numerous risks inherent in such companies and businesses.

If our initial business combination is paid for
using equity or debt securities, or not all of the funds released from the trust account are used for payment of the consideration in
connection with our initial business combination or used for redemptions of our Class A ordinary shares