Company: CGCT
Filing Date: 2025-03-05
Form Type: S-1/A
Source: 0001104659-25-020969
Chunk: 353

Company: Cartesian Growth Corp III
Filing Date: 2025-03-05
Form: S-1/A
Chunk 353
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Public Offering (including in open market and privately negotiated transactions, aside from shares they may purchase in compliance with
the requirements of Rule 14e-5 under the Exchange Act, which would not be voted in favor of approving the Business Combination)
in favor of the initial Business Combination.

Note 5 — Related Party Transactions

Founder Shares

On November 12, 2024, the Sponsor and DirectorCo
made a capital contribution of an aggregate of $25,000, or approximately $0.004 per share, to cover certain of the Company’s expenses,
for which the Company issued an aggregate of 5,750,000 founder shares to the Sponsor and DirectorCo. Up to 750,000 of the founder shares
may be surrendered by the Sponsor for no consideration depending on the extent to which the underwriters’ over-allotment option
is exercised.

<div align='center'>F-12

Cartesian Growth Corporation IIINOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2024</div>

The Company’s initial shareholders have
agreed not to transfer, assign or sell any of their founder shares and any Class A ordinary shares issued upon conversion thereof
until the earlier to occur of (i) one year after the completion of the initial Business Combination or (ii) the date on which
the Company completes a liquidation, merger, share exchange or other similar transaction after the initial Business Combination that
results in all of the Company’s shareholders having the right to exchange their Class A ordinary shares for cash, securities
or other property. Any permitted transferees will be subject to the same restrictions and other agreements of the Company’s initial
shareholders with respect to any founder shares (the “Lock-up”). Notwithstanding the foregoing, if the closing price of the
Class A ordinary shares equals or exceeds $12.00 per share (as adjusted for share subdivisions, share capitalizations, reorganizations,
recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing at least 150 days
after the initial Business Combination, the founder shares will be released from the Lock-up.

Promissory Note — Related Party

The Sponsor has agreed to loan the Company an
aggregate of up to $250,000 to be used for a portion of the expenses of the Proposed Public Offering. The loan is non-interest bearing,
unsecured and due at the earlier of March 31, 2025 or the closing of the Proposed Public