Company: CGCT
Filing Date: 2025-03-05
Form Type: S-1/A
Source: 0001104659-25-020969
Chunk: 196

Company: Cartesian Growth Corp III
Filing Date: 2025-03-05
Form: S-1/A
Chunk 196
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 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 balance sheet by reducing its debt ratio. Because we are able to complete
our initial business combination using our cash, debt or equity securities, or a combination of the foregoing, we have the flexibility
to use the most efficient combination that will allow us to tailor the consideration to be paid to the target business to fit its needs
and desires. However, we have not taken any steps to secure third party financing and there can be no assurance it will be available
to us.

Competition

In identifying, evaluating and selecting a target
business for our initial business combination, we expect to encounter intense competition from other entities having a business objective
similar to ours, including private investors (which may be individuals or investment partnerships), other SPACs (including CGC II) and
other entities, domestic and international, competing for the types of businesses we intend to acquire. Many of these individuals and
entities are well-established and have extensive experience in identifying and effecting, directly or indirectly, acquisitions of companies
operating in or providing services to various industries. Moreover, many of these competitors possess financial, technical, human and
other resources that are similar to or greater than ours. Our ability