Company: CGCT
Filing Date: 2025-03-05
Form Type: S-1/A
Source: 0001104659-25-020969
Chunk: 183

Company: Cartesian Growth Corp III
Filing Date: 2025-03-05
Form: S-1/A
Chunk 183
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 unable to complete our initial business
combination within 24 months from the closing of this offering, or by such earlier date as our board of directors may approve, and
do not hold a shareholder vote to amend our amended and restated memorandum and articles of association to extend the amount of time
we will have to consummate an initial business combination, we will redeem 100% of the public shares at a per share price, payable in
cash, equal to the aggregate amount then on deposit in the trust account, including interest earned thereon (less taxes payable, but
without deduction for any excise or similar tax that may be due or payable, and less up to $100,000 of interest income to pay dissolution
expenses), divided by the number of then issued and outstanding public shares, subject to applicable law as further described herein.
We expect the pro rata redemption price to be approximately $10.00 per public share (regardless of whether or not the underwriters exercise
their over-allotment option), without taking into account any interest or other income earned on such funds. However, we cannot assure
you that we will in fact be able to distribute such amounts as a result of claims of creditors, which may take priority over the claims
of our public shareholders.

If we do not complete our initial business combination
within the completion window, while we do not currently intend to seek shareholder approval to amend our amended and restated memorandum
and articles of association to extend the amount of time we will have to consummate an initial business combination, we may elect to
do so in the future. There is no limit on the number of extensions that we may seek; however, we do not expect to extend the time period
to consummate our initial business combination beyond 36 months from the closing of this offering. If we determine not to or are unable
to extend the time period to consummate our initial business combination or fail to obtain shareholder approval to extend the completion
window, our sponsor’s investment in our founder shares and our private placement warrants will be worthless.

Nasdaq rules require that we must complete
one or more business combinations having an aggregate fair market value of at least 80% of the value of the assets held in the trust
account (excluding the deferred underwriting commissions and taxes payable on the interest earned on the trust account). Our board of
directors will make the determination as to the fair market value of our initial business combination. If our board of directors is not
able to independently