Company: CGCT
Filing Date: 2025-03-05
Form Type: S-1/A
Source: 0001104659-25-020969
Chunk: 165

Company: Cartesian Growth Corp III
Filing Date: 2025-03-05
Form: S-1/A
Chunk 165
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s and expenses and related disclosures. We base our estimates on historical experience and on various other assumptions that we believe
to be reasonable under the circumstances. Actual results could differ significantly from the estimates made by our management. We have
not identified any critical accounting estimates.

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Related Party Transactions

Pursuant to certain subscription agreements dated
October 29, 2024, on November 12, 2024, our initial shareholders paid an aggregate of $25,000, or approximately $0.004 per
share, to cover certain of our offering costs in exchange for an aggregate of 5,750,000 founder shares.

The number of founder shares outstanding was
determined based on the expectation that the total size of this offering would be a maximum of 23,000,000 units if the underwriters’
over-allotment option is exercised in full, and therefore that such founder shares would represent 20% of the outstanding ordinary shares
after this offering. Up to 750,000 of the founder shares will be surrendered by our sponsor to us for no consideration depending on the
extent to which the underwriters’ over-allotment option is exercised. If we increase or decrease the size of this offering, we
will effect a share capitalization or a share repurchase or redemption or other appropriate mechanism, as applicable, with respect to
our Class B ordinary shares immediately prior to the consummation of this offering in such amount as to maintain the number of founder
shares at 20% of our issued and outstanding ordinary shares upon the consummation of this offering.

Our sponsor and Cantor have committed to purchase
an aggregate of 6,000,000 private placement warrants, each exercisable to purchase one Class A ordinary share at $11.50 per share,
at a price of $1.00 per private placement warrant, or $6,000,000 in the aggregate, in a private placement that will close simultaneously
with the closing of this offering. Of those 6,000,000 private placement warrants, our sponsor has agreed to purchase 4,000,000 private
placement warrants and Cantor has agreed to purchase 2,000,000 private placement warrants. The private placement warrants will be
identical to the warrants sold in this offering except that, so long as they are held by the initial purchasers or their permitted transferees,
the private placement warrants (i) may not (including the Class A ordinary shares issuable upon