Company: CGCT
Filing Date: 2025-03-21
Form Type: S-1/A
Source: 0001104659-25-026623
Chunk: 224

Company: Cartesian Growth Corp III
Filing Date: 2025-03-21
Form: S-1/A
Chunk 224
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 If
we have not completed our initial business combination within such time period, we will (i) cease all operations except for the
purpose of winding up, (ii) as promptly as reasonably possible but not more than ten business days thereafter (and subject
to lawfully available funds therefor), redeem the public shares, at a per share price, payable in cash, equal to the aggregate amount
then on deposit in the trust account, including interest earned on the funds held in the trust account (which interest shall be net of
taxes payable, but without deduction for any excise or similar tax that may be due or payable, and less up to $100,000 of interest to
pay dissolution expenses), divided by the number of then-outstanding public shares, which redemption will completely extinguish public
shareholders’ rights as shareholders (including the right to receive further liquidating distributions, if any), subject to applicable
law, and (iii) as promptly as reasonably possible following such redemption, subject to the approval of our remaining shareholders
and our board of directors, liquidate and dissolve, subject in each case to our obligations under Cayman Islands law to provide for claims
of creditors and the requirements of other applicable law. There will be no redemption rights or liquidating distributions with respect
to our warrants, which will expire worthless if we fail to complete our initial business combination within the completion window.

Our initial shareholders, officers and directors
have entered into letter agreements with us, pursuant to which they have waived their rights to liquidating distributions from the trust
account with respect to any founder shares held by them if we fail to complete our initial business combination within the completion
window, although they will entitled to liquidating distributions from assets outside the trust account. However, if our initial shareholders
or management team acquire public shares in or after this offering, they will be entitled to liquidating distributions from the trust
account with respect to such public shares if we fail to complete our initial business combination within the allotted completion window.

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Our initial shareholders, officers and directors
have agreed, pursuant to letter agreements with us, that they will not propose any amendment to our amended and restated memorandum and
articles of association (A) to modify the substance or timing of our obligation to allow redemption in connection with our initial
business combination or to redeem 100% of our public shares if we have not consummated an initial business combination within the completion
window or (B) with respect to