Company: CGCT
Filing Date: 2025-01-29
Form Type: S-1
Source: 0001104659-25-006780
Chunk: 33

Company: Cartesian Growth Corp III
Filing Date: 2025-01-29
Form: S-1
Chunk 33
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 to compliance with applicable securities laws, we would
only complete such financing simultaneously with the completion of our initial business combination. If we are unable to complete our
initial business combination because we do not have sufficient funds available to us, we will be forced to liquidate the trust account.
In addition, following our initial business combination, if cash on hand is insufficient, we may need to obtain additional financing in
order to meet our obligations.

Initial Shareholders Information

Our sponsor is a Cayman Islands limited liability
company, which was recently formed to invest in our company. DirectorCo is also a Cayman Islands limited liability company, which was
recently formed to hold founder shares for the benefit of our independent directors. Each of our sponsor and DirectorCo is permitted to
undertake any activities permitted under the LLC Act and other applicable law; however, our sponsor’s business is focused on investing
in our company, and DirectorCo’s business is solely to hold our securities as described above. Our sponsor is the sole managing
member of DirectorCo. Pangaea Three-B, LP is the sole member of our sponsor and is controlled by Peter Yu, our Chairman and Chief Executive
Officer. Consequently, each of Pangaea Three-B, LP and Mr. Yu may be deemed to share voting and dispositive control over the founder
shares held by our sponsor and DirectorCo, and thus to share beneficial ownership of such securities. As of the date of this prospectus,
no other person has a direct or indirect material interest in our sponsor. In addition, our independent directors will receive for their
services as directors an indirect interest in an aggregate of 100,000 founder shares through membership interests in DirectorCo.

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The following table sets forth the payments to be received by our initial shareholders and their affiliates from us prior to or in connection with the completion of our initial business combination and the securities issued and to be issued by us to our initial shareholders or their affiliates:

| Entity/Individual                                                             |     | Amount of Compensation to be Received or                                                                                                                                                    
 Securities Issued or to be Issued                                                                                                                                                           |     |                                                                                                                                                                               Consideration Paid or to be Paid |
| CGC III Sponsor LLC                                                           |     | $10,000 per month                                                                                                                                                                           |     |                                                                                                                                             Office space, utilities and secretarial and administrative support |
|                                                                               |     | 5,650,000 Class B ordinary shares (up to 750,000 of which are subject to forfeiture to the extent the under