Company: CGCT
Filing Date: 2025-03-05
Form Type: S-1/A
Source: 0001104659-25-020969
Chunk: 78

Company: Cartesian Growth Corp III
Filing Date: 2025-03-05
Form: S-1/A
Chunk 78
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 demand deposit accounts) at a bank. However, to mitigate the risk
of us being deemed to be an unregistered investment company (including under the subjective test of Section 3(a)(1)(A) of the
Investment Company Act) and thus subject to regulation under the Investment Company Act, we may, at any time (based on our management
team’s ongoing assessment of all factors related to our potential status under the Investment Company Act), instruct Continental
Stock Transfer & Trust Company, the trustee with respect to the trust account, to liquidate the U.S. government treasury
obligations or money market funds held in the trust account and thereafter to hold all funds in the trust account in cash or in an interest
bearing demand deposit account at a bank until the earlier of the consummation of our initial business combination or our liquidation.
Following such liquidation, we would likely receive less interest on the funds held in the trust account than we would earn if the trust
account remained invested in U.S. government treasury obligations with a maturity of 185 days or less or in money market funds
investing solely in U.S. government treasury obligations and meeting certain conditions under Rule 2a-7 under the Investment
Company Act. However, interest previously earned on the funds held in the trust account still may be released to us to pay our taxes,
if any, and certain other expenses as permitted. As a result, any decision to liquidate the investments held in the trust account and
thereafter to hold all funds in the trust account in cash or in an interest bearing demand deposit account at a bank could reduce the
dollar amount our public shareholders would receive upon any redemption or liquidation of our company as compared to what they would
have received had the investments not been so liquidated.

<div align='center'>48</div>

Notwithstanding the measures set forth above,
we may still be deemed to be an investment company. The longer that the funds in the trust account are held in short-term U.S. government
treasury obligations or in money market funds invested exclusively in such securities, the greater the risk that we may be deemed to
be an unregistered investment company, in which case we may be required to liquidate. If our facts and circumstances change over time,
we will update our disclosure to reflect how those changes impact the risk that we may be considered to be operating as an unregistered
investment company. As disclosed above, we may determine, in our discretion, to liquidate the securities