Company: CGCT
Filing Date: 2025-05-07
Form Type: 8-K
Source: 0001104659-25-045553
Chunk: 3

Company: Cartesian Growth Corp III
Filing Date: 2025-05-07
Form: 8-K
Item: Item 3.02
Chunk 3
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Item 3.02. Unregistered Sales of Equity Securities.

On May 5, 2025, simultaneously
with the consummation of the Offering, the Company consummated the private placement of 4,400,000 warrants to the Sponsor and 2,400,000
warrants to Cantor (collectively, the “ Private Placement Warrants”) at a price of $1.00 per Private Placement Warrant, generating
gross proceeds of $6,800,000 (the “ Private Placement”). No underwriting discounts or commissions were paid with respect to
the Private Placement. The Private Placement was conducted as a non-public transaction and, as a transaction by an issuer not involving
a public offering, is exempt from registration under the Securities Act in reliance upon Section 4(a)(2) of the Securities Act.
The Private Placement Warrants are identical to the Warrants underlying the Units, except that so long as they are held by the initial
purchasers or their permitted transferees, they (i) may not (including the Class A Ordinary Shares issuable upon exercise of
the Private Placement Warrants), subject to certain limited exceptions, be transferred, assigned or sold by the holders until 30 days
after the completion of the Company’s initial business combination, (ii) are entitled to registration rights and (iii) with
respect to Private Placement Warrants held by Cantor and/or its designees, will not be exercisable more than five years from the commencement
of sales in the Offering in accordance with FINRA Rule 5110(g)(8).

Item 5.02. Departure of Directors or Certain
Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Effective as of May 1,
2025, the following individuals were appointed to the board of directors of the Company: Ali Bouzarif, Kevin Gold and Sanford Litvack.
Accordingly, effective as of May 1, 2025, the Company’s board of directors is comprised of the following individuals: Peter
Yu, Rafael de Luque, Ali Bouzarif, Kevin Gold and Sanford Litvack. Additional information regarding, among other things, each individual’s
background, board committee membership and compensatory arrangements is contained in the Registration Statement and is incorporated herein
by reference.

On May 1, 2025, the Company
entered into the Indemnity Agreements with each of Peter Yu, Rafael de Luque,