Company: CGCT
Filing Date: 2025-03-05
Form Type: S-1/A
Source: 0001104659-25-020969
Chunk: 90

Company: Cartesian Growth Corp III
Filing Date: 2025-03-05
Form: S-1/A
Chunk 90
---
 sufficient liquidity and capital to the post-business combination entity. The price of the shares we issue may therefore
be less, and potentially significantly less, than the market price for our shares at such time. Any such issuances of equity securities
could dilute the interests of our existing shareholders.

<div align='center'>53</div>

Because only holders of our Class B ordinary shares will have the right to vote on the appointment of directors, upon the listing of our shares on Nasdaq, Nasdaq will consider us to be a “controlled company” within the meaning of Nasdaq rules and, as a result, we may qualify for exemptions from certain corporate governance requirements.

After completion of this offering and prior to
the consummation of a business combination, only holders of our Class B ordinary shares will have the right to vote on the appointment
of directors. As a result, Nasdaq will consider us to be a “controlled company” within the meaning of Nasdaq corporate governance
standards. Under Nasdaq corporate governance standards, a company of which more than 50% of the voting power for the appointment of directors
is held by an individual, group or another company is a “controlled company” and may elect not to comply with certain corporate
governance requirements, including the requirements that:

| · | we                                                                           
 have a board that includes a majority of “independent directors,” as defined 
 under the rules of Nasdaq; and                                               |

| · | we                                                                                             
 have a compensation committee of our board that is comprised entirely of independent directors 
 with a written charter addressing the committee’s purpose and responsibilities.                |

We currently do not intend to rely on the “controlled
company” exemption but may do so in the future. Accordingly, if we choose to do so, you will not have the same protections afforded
to shareholders of companies that are subject to all of the Nasdaq corporate governance requirements.

Resources could be wasted in researching business combinations that are not completed, which could materially adversely affect subsequent attempts to locate and acquire or merge with another business. If we are unable to complete our initial business combination, our public shareholders may only receive their pro rata portion of the funds in the trust account that are available for distribution to public shareholders, and our warrants will expire worthless.

We anticipate that the investigation of each
specific target business and the negotiation, drafting and execution of relevant agreements, disclosure documents and other instruments
will require substantial management time and attention and substantial costs for accountants, attorneys, consultants and others. If