Company: CGCT
Filing Date: 2025-04-14
Form Type: S-1/A
Source: 0001104659-25-034635
Chunk: 201

Company: Cartesian Growth Corp III
Filing Date: 2025-04-14
Form: S-1/A
Chunk 201
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 by non-affiliates exceeds $700 million as of the prior June 30, and
(2) the date on which we have issued more than $1.0 billion in non-convertible debt securities during the prior three-year
period.

Additionally, we are a “smaller reporting
company” as defined in Item 10(f)(1) of Regulation S-K. Smaller reporting companies may take advantage of certain
reduced disclosure obligations, including, among other things, providing only two years of audited financial statements. We will
remain a smaller reporting company until the last day of the fiscal year in which (1) the market value of our ordinary shares
held by non-affiliates is equal to or exceeds $250 million as of the prior June 30, or (2) our annual revenues
equaled or exceeded $100 million during such completed fiscal year and the market value of our ordinary shares held by non-affiliates
is equal to or exceeds $700 million as of the prior June 30.

In addition, 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 or removal 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. 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.

Financial Position

With funds available for a business combination
initially in the amount of $191,000,000, after payment of $9,000,000 of deferred underwriting fees (or $219,050,000 assuming no redemptions
and after payment of $10,950,000 of deferred underwriting fees if the underwriters’ over-allotment option is exercised in full),
we offer a target business a variety of options, such as creating a liquidity event for its owners, providing capital for the potential
growth and expansion of its operations or strengthening its