Company: CGCT
Filing Date: 2025-03-05
Form Type: S-1/A
Source: 0001104659-25-020969
Chunk: 140

Company: Cartesian Growth Corp III
Filing Date: 2025-03-05
Form: S-1/A
Chunk 140
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 redemption.

If you exercise your public warrants on a cashless
basis, you would pay the warrant exercise price by surrendering the warrants for that number of Class A ordinary shares equal to
the quotient obtained by dividing (x) the product of the number of Class A ordinary shares underlying the warrants, multiplied
by the excess of the “fair market value” of our Class A ordinary shares (as defined in the next sentence) over the exercise
price of the warrants by (y) the fair market value. The “fair market value” is the average closing price of our Class A
ordinary shares for the 10 trading days ending on the third trading day prior to the date on which the notice of
exercise is received by the warrant agent or on which the notice of redemption is sent to the holders of warrants, as applicable. As
a result, you would receive fewer Class A ordinary shares from such exercise than if you were to exercise such warrants for cash.

The grant of registration rights to holders of our founder shares, private placement warrants and private placement-equivalent warrants that may be issued upon conversion of working capital loans, if any, and their respective permitted transferees, may make it more difficult to complete our initial business combination, and the future exercise of such rights may adversely affect the market price of our Class A ordinary shares.

Pursuant to a registration rights agreement to
be signed prior to or on the effective date of the registration statement of which this prospectus forms a part, (i) our sponsor,
DirectorCo and their permitted transferees can demand that we register the Class A ordinary shares into which the founder shares
are convertible, (ii) our sponsor, Cantor and their permitted transferees can demand that we register the private placement warrants
and the Class A ordinary shares issuable upon exercise of the private placement warrants and (iii) holders of private placement-equivalent
warrants that may be issued upon conversion of working capital loans and their permitted transferees may demand that we register such
warrants and the Class A ordinary shares issuable upon exercise of such warrants, and in each case any other securities of the company
acquired by such persons prior to the consummation of our initial business combination. We will bear the cost of registering these securities.
The registration and availability of such a significant number of securities for trading in the public market may have an adverse effect
on the market price of our Class A ordinary shares. In addition, the existence of the registration rights may make our initial business