Company: CGCT
Filing Date: 2025-01-29
Form Type: S-1
Source: 0001104659-25-006780
Chunk: 78

Company: Cartesian Growth Corp III
Filing Date: 2025-01-29
Form: S-1
Chunk 78
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the longer that we hold investments in the trust account, 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 the trustee to liquidate the investments held
in the trust account and instead to hold the funds in the trust account in cash or in an interest bearing demand deposit account at a
bank.

Pursuant to the trust agreement, the trustee is
not permitted to invest in securities or assets other than as described above. By restricting the investment of the proceeds to these
instruments, and by having a business plan targeted at acquiring and growing businesses for the long term (rather than on buying and selling
businesses in the manner of a merchant bank or private equity fund), we intend to avoid being deemed an “investment company”
within the meaning of the Investment Company Act. This offering is not intended for persons who are seeking a return on investments in
government securities or investment securities. The trust account is intended solely as a temporary depository for funds pending the earliest
to occur of: (i) the completion of our initial business combination; (ii) the redemption of any public shares properly submitted
in connection with a shareholder vote to amend 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 any
other material provisions relating to shareholders’ rights or pre-initial business combination activity; or (iii) the redemption
of our public shares if we are unable to complete an initial business combination within the completion window, subject to applicable
law and as further described herein.

We are aware of litigation claiming that certain
SPACs should be considered to be investment companies. Although we believe that these claims were without merit, we cannot guarantee that
we will not be deemed to be an investment company and thus subject to the Investment Company Act. If we were deemed to be subject to the
Investment Company Act, compliance with these additional regulatory burdens would require additional expenses for which we have not allotted
funds and may hinder our ability to complete an initial business combination or may result in our winding down our operations and our
liquidation. If we are unable to complete our initial business combination, our public shareholders may receive only approximately $10.00
per share