Company: CGCT
Filing Date: 2025-03-05
Form Type: S-1/A
Source: 0001104659-25-020969
Chunk: 232

Company: Cartesian Growth Corp III
Filing Date: 2025-03-05
Form: S-1/A
Chunk 232
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 at the applicable general meeting of the company. In accordance with
Nasdaq corporate governance requirements, we are not required to hold an annual general meeting until one year after our first fiscal
year end following our listing on Nasdaq. The term of office of the first class of directors, which will consist of Sanford Litvack,
will expire at our first annual general meeting. The term of office of the second class of directors, which will consist of Ali Bouzarif
and Kevin Gold, will expire at the second annual general meeting. The term of office of the third class of directors, which will consist
of Peter Yu and Rafael de Luque, will expire at the third annual general meeting.

Our officers are appointed by the board of directors
and serve at the discretion of the board of directors, rather than for specific terms of office. Our board of directors is authorized
to vote to appoint officers as it deems appropriate pursuant to our amended and restated memorandum and articles of association.

Director Independence

Nasdaq rules require that a majority of
our board of directors be independent within one year of our initial public offering. An “independent director” is defined
generally as a person who, in the opinion of the company’s board of directors, has no material relationship with the listed company
(either directly or as a partner, shareholder or officer of an organization that has a relationship with the company). Upon the commencement
of trading of our units on Nasdaq, we expect to have three “independent directors” as defined in Nasdaq rules and applicable
SEC rules prior to completion of this offering. Our board of directors expects to determine that Ali Bouzarif, Kevin Gold and Sanford
Litvack are “independent directors” as defined in Nasdaq listing standards and applicable SEC rules. Our independent directors
will have regularly scheduled meetings at which only independent directors are present.

Executive Officer and Director Compensation

None of our executive officers or directors have
received any cash compensation for services rendered to us. We are not prohibited from paying any fees (including advisory fees), reimbursements
or cash payments to our initial shareholders, officers or directors, or our or their affiliates, for services rendered to us prior to
or in connection with the completion of our initial business combination, including the following payments, all of which, if made prior
to the completion of our initial business combination, will be paid from funds held outside the trust account:

| · | Repayment                                                                                      
 of up to an aggregate of $250,