Company: CGCT
Filing Date: 2025-03-21
Form Type: S-1/A
Source: 0001104659-25-026623
Chunk: 264

Company: Cartesian Growth Corp III
Filing Date: 2025-03-21
Form: S-1/A
Chunk 264
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 A ordinary
shares which we are authorized to issue at the same time as our shareholders vote on the business combination to the extent we seek shareholder
approval in connection with our initial business combination. Our board of directors is divided into three classes with only one class
of directors being appointed in each year and each class (except for those directors appointed prior to our first annual general meeting)
serving a three-year term.

In accordance with Nasdaq corporate governance
requirements, we are not required to hold an annual general meeting until one year after our first fiscal year end following our listing
on Nasdaq. There is no requirement under the Companies Act for us to hold annual or general meetings or appoint directors other than
to ensure that the company has at least one director at all times. We may not hold an annual general meeting to appoint new directors
prior to the consummation of our initial business combination.

We will provide our public shareholders with
the opportunity to redeem all or a portion of their public shares, regardless of whether they abstain, vote for, or vote against, our
initial business combination, upon the completion of our initial business combination at a per share price, payable in cash, equal to
the aggregate amount then on deposit in the trust account calculated as of two business days prior to the consummation of our
initial business combination, including interest earned on the funds held in the trust account (less taxes payable, but without deduction
for any excise or similar tax that may be due or payable), divided by the number of then-outstanding public shares, subject to the limitations
and on the conditions described herein. The amount in the trust account is initially anticipated to be $10.00 per public share. The per
share amount we will distribute to investors who properly redeem their shares will not be reduced by the deferred underwriting commissions
we will pay to the underwriters. Our initial shareholders, officers and directors have entered into letter agreements with us, pursuant
to which they have agreed to waive their redemption rights with respect to their founder shares and any public shares they may hold in
connection with the completion of our initial business combination.

Unlike many SPACs that hold shareholder votes
and conduct proxy solicitations in conjunction with their initial business combinations and provide for related redemptions of public
shares for cash upon completion of such initial business combinations even when a vote is not required by law, if a shareholder vote
is not required by law and we do not decide to hold a shareholder vote for business or other legal reasons