Company: CGCT
Filing Date: 2025-03-05
Form Type: S-1/A
Source: 0001104659-25-020969
Chunk: 189

Company: Cartesian Growth Corp III
Filing Date: 2025-03-05
Form: S-1/A
Chunk 189
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 following the consummation of our initial business combination, or
earlier at the option of the holder, on a one-for-one basis, subject to adjustment for share sub-divisions, share capitalizations, reorganizations,
recapitalizations and the like, and subject to further adjustment as provided herein. In the case that additional Class A ordinary
shares, or any other equity-linked securities, are issued or deemed issued in excess of the amounts sold in this offering and related
to or in connection with the closing of the initial business combination, the ratio at which Class B ordinary shares convert into
Class A ordinary shares will be adjusted (unless the holders of a majority of the outstanding Class B ordinary shares agree
to waive such adjustment with respect to any such issuance or deemed issuance) so that the number of Class A ordinary shares issuable
upon conversion of all Class B ordinary shares will equal, in the aggregate, 20% of the sum of (i) the total number of all
Class A ordinary shares outstanding upon the completion of this offering (including any Class A ordinary shares issued pursuant
to the underwriters’ over-allotment option and excluding the Class A ordinary shares underlying the private placement warrants),
plus (ii) all Class A ordinary shares and equity-linked securities issued or deemed issued, in connection with the closing
of the initial business combination (excluding any shares or equity-linked securities issued, or to be issued, to any seller in the initial
business combination and any private placement-equivalent warrants issued to our sponsor or any of its affiliates or to our officers
or directors upon conversion of working capital loans) minus (iii) any redemptions of Class A ordinary shares by public shareholders
in connection with an initial business combination; provided that such conversion of founder shares will never occur on a less than one-for-one
basis.

If we increase or decrease the size of this
offering pursuant to Rule 462(b) under the Securities Act of 1933, as amended, we will effect a share capitalization or a share repurchase
or redemption or other appropriate mechanism, as applicable, with respect to our Class B ordinary shares immediately prior to the consummation
of this offering in such amount as to maintain the ownership of founder shares by our initial shareholders, on an as-converted basis,
at 20% of our issued and outstanding ordinary shares upon the consummation of this offering. Any conversion of Class B ordinary shares
described herein will take effect as a compulsory redemption of Class B ordinary shares