Company: CGCT
Filing Date: 2025-01-29
Form Type: S-1
Source: 0001104659-25-006780
Chunk: 116

Company: Cartesian Growth Corp III
Filing Date: 2025-01-29
Form: S-1
Chunk 116
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 sponsor may change, and our sponsor may divest its ownership interest in us before identifying a business combination, which could deprive us of key personnel.

Our sponsor is a limited liability company and
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. Additionally, each
of our independent directors holds a membership interest in DirectorCo. However, this may change as there is no contractual restriction
on our sponsor or Mr. Yu’s ability to share, sell or otherwise dispose of part or all of the interests in our sponsor or held
by our sponsor. As a result, there is a risk that our sponsor (or Mr. Yu) may divest the ownership or economic interests in us, our
sponsor or DirectorCo controlled by our sponsor (or Mr. Yu) before a business combination target is identified, which would likely
result in our loss of certain key personnel, including Mr. Yu. Additionally, there can be no assurance that any replacement sponsor
or key personnel will successfully identify a business combination target for us, or, even if one is so identified, successfully complete
such business combination.

Our ability to successfully effect our initial business combination and to be successful thereafter will be dependent upon the efforts of our key personnel, some of whom may join us following our initial business combination. The loss of key personnel could negatively impact the operations and profitability of our post-combination business.

Our ability to successfully effect our initial
business combination is dependent upon the efforts of our key personnel. The role of our key personnel in the target business, however,
cannot presently be ascertained. Although some of our key personnel may remain with the target business in senior management or advisory
positions following our initial business combination, it is likely that some or all of the management of the target business will remain
in place. While we intend to closely scrutinize any individuals we engage after our initial business combination, we cannot assure you
that our assessment of these individuals will prove to be correct. These individuals may be unfamiliar with the requirements of operating
a company regulated by the SEC, which could cause us to have to expend time and resources helping them become familiar with such requirements.

Our key personnel may negotiate