Company: CGCT
Filing Date: 2025-01-29
Form Type: S-1
Source: 0001104659-25-006780
Chunk: 222

Company: Cartesian Growth Corp III
Filing Date: 2025-01-29
Form: S-1
Chunk 222
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 completion
window, although they will entitled to liquidating distributions from assets outside the trust account. However, if our initial shareholders
or management team acquire public shares in or after this offering, they will be entitled to liquidating distributions from the trust
account with respect to such public shares if we fail to complete our initial business combination within the allotted completion window.

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Our initial shareholders, officers and directors
have agreed, pursuant to letter agreements with us, that they will not propose any amendment to our amended and restated memorandum and
articles of association (A) to modify the substance or timing of our obligation to allow redemption in connection with our initial
business combination or to redeem 100% of our public shares if we have not consummated an initial business combination within the completion
window or (B) with respect to any other material provisions relating to shareholders’ rights or pre-initial business combination
activity, in each case unless we provide our public shareholders with the opportunity to redeem their public shares upon approval of any
such amendment at a per share price, payable in cash, equal to the aggregate amount then on deposit in the trust account, 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.

We expect that all costs and expenses associated
with implementing our plan of dissolution, as well as payments to any creditors, will be funded from amounts remaining out of the approximately
$1,250,000 of proceeds held outside the trust account, although we cannot assure you that there will be sufficient funds for such purpose.
However, if those funds are not sufficient to cover the costs and expenses associated with implementing our plan of dissolution, to the
extent that there is any interest accrued in the trust account not required to pay income taxes on interest income earned on the trust
account balance, we may request the trustee to release to us an additional amount of up to $100,000 of such accrued interest to pay those
costs and expenses.

If we were to expend all of the net proceeds of
this offering and the sale of the private placement warrants, other than the proceeds deposited in the trust account, and without taking
into account interest, if any, earned on the trust account, the per share redemption amount received by shareholders upon our dissolution
would be approximately $10.00. The proceeds deposited in the trust account could,