Company: CGCT
Filing Date: 2025-04-14
Form Type: S-1/A
Source: 0001104659-25-034635
Chunk: 220

Company: Cartesian Growth Corp III
Filing Date: 2025-04-14
Form: S-1/A
Chunk 220
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 founder shares, we would need 7,500,001, or 37.5%, of the 20,000,000 public shares sold in this offering to be voted
in favor of an initial business combination in order to have our initial business combination approved, assuming all outstanding shares
are voted, the underwriters’ over-allotment option is not exercised and the parties to the letter agreements do not acquire any
public shares. Assuming that only the holders of one-third of our issued and outstanding ordinary shares, representing a quorum
under our amended and restated memorandum and articles of association vote their shares at a general meeting of the company, that all
founder shares are voted in favor of a proposal to approve an initial business combination, and that no additional proposal requiring
an approval threshold higher than that of an ordinary resolution is required to approve such initial business combination, we would not
need any public shares in addition to our founder shares to be voted in favor of an initial business combination in order to approve
an initial business combination. However, if our initial business combination is structured as a statutory merger or consolidation with
another company under Cayman Islands law, the approval of our initial business combination will require a special resolution, which requires
the affirmative vote of at least two-thirds of the votes cast by such shareholders as, being entitled to do so, vote in person or, where
proxies are allowed, by proxy at the applicable general meeting of the company. In addition, prior to the closing of our initial business
combination, only holders of our Class B ordinary shares (i) will have the right to vote to appoint and remove directors prior
to or in connection with the completion of our initial business combination and (ii) will be entitled to vote on continuing our
company in a jurisdiction outside the Cayman Islands (including any special resolution required to amend our constitutional documents
or to adopt new constitutional documents, in each case, as a result of our approving a transfer by way of continuation in a jurisdiction
outside the Cayman Islands). These quorum and voting thresholds, and the voting agreement of our sponsor, officers and directors, may
make it more likely that we will consummate our initial business combination. Each public shareholder may elect to redeem their public
shares irrespective of whether they vote for or vote against the proposed transaction, or whether they do not vote or abstain from voting
on the proposed transaction, or whether they were a public shareholder on the record date for the general meeting held to approve the