Company: CGCT
Filing Date: 2025-01-29
Form Type: S-1
Source: 0001104659-25-006780
Chunk: 286

Company: Cartesian Growth Corp III
Filing Date: 2025-01-29
Form: S-1
Chunk 286
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 consolidation becoming effective, cease to be incorporated, registered or exist under the laws of the relevant foreign
jurisdiction.

The Companies Law provides for a right of dissenting
shareholders to be paid the fair value of their shares upon their dissenting to the merger or consolidation in certain circumstances if
they follow a prescribed procedure. In essence, where such rights apply, that procedure is as follows: (i) the shareholder must give
his written objection to the merger or consolidation to the constituent company before the vote on the merger or consolidation, including
a statement that the shareholder proposes to demand payment for their shares if the merger or consolidation is authorized by the vote;
(ii) within 20 days following the date on which the merger or consolidation is authorized by the shareholders, the constituent
company must give written notice to each shareholder who made a written objection; (iii) a shareholder must within 20 days following
receipt of such notice from the constituent company, give the constituent company a written notice of his intention to dissent including,
among other details, a demand for payment of the fair value of their shares; (iv) within seven days following the date of the
expiration of the period set out in paragraph (ii) above or seven days following the date on which the plan of merger or consolidation
is filed, whichever is later, the constituent company, the surviving company or the consolidated company must make a written offer to
each dissenting shareholder to purchase their shares at a price that the company determines is the fair value and if the company and the
shareholder agree the price within 30 days following the date on which the offer was made, the company must pay the shareholder such
amount; and (v) if the company and the shareholder fail to agree on a price within such 30 day period, within 20 days following
the date on which such 30 day period expires, the company must (and any dissenting shareholder may) file a petition with the Grand
Court of the Cayman Islands to determine the fair value of all dissenting shares and such petition must be accompanied by a list of the
names and addresses of the dissenting shareholders with whom agreements as to the fair value of their shares have not been reached by
the company. At the hearing of that petition, the court has the power to determine the fair value of the shares together with a fair rate
of interest, if any, to be paid by the company upon the amount determined to be the fair value. Any dissenting shareholder whose name
appears