Company: CGCT
Filing Date: 2025-03-21
Form Type: S-1/A
Source: 0001104659-25-026623
Chunk: 58

Company: Cartesian Growth Corp III
Filing Date: 2025-03-21
Form: S-1/A
Chunk 58
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 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. 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, that all founder shares are voted in favor of a proposal to approve an initial business combination, and that no additional proposal requiring an approval threshold higher than that of an ordinary resolution is required to approve such initial business combination, we would 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.

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
agreements do not acquire any public shares. 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 ordinary shares at a general
meeting of the company, that all founder shares are voted in favor of a proposal to approve an initial business combination, and that
no additional proposal requiring an approval threshold higher than that of an ordinary resolution is required to approve such initial
business