Company: CGCT
Filing Date: 2025-01-29
Form Type: S-1
Source: 0001104659-25-006780
Chunk: 328

Company: Cartesian Growth Corp III
Filing Date: 2025-01-29
Form: S-1
Chunk 328
---
 must purchase a number of additional units approximately proportionate to that underwriter’s
initial purchase commitment. Any units issued or sold under the option will be issued and sold on the same terms and conditions as the
other units that are the subject of this offering.

Lock-up

We, our initial shareholders and our officers
and directors have agreed that, for a period of 180 days from the date of this prospectus, we and they will not, without the prior
written consent of the representative, offer, sell, contract to sell, pledge, sell any option or contract to purchase, purchase any option
or contract to sell, grant any option, right or warrant to purchase, lend or otherwise transfer or dispose of, directly or indirectly,
any units, warrants, ordinary shares or any other securities convertible into, or exercisable or exchangeable for, any units, ordinary
shares, founder shares or warrants, subject to certain exceptions. The representative in its sole discretion may release any of the securities
subject to these lock-up agreements at any time without notice, other than in the case of the officers and directors, which shall be
with notice. Our initial shareholders, officers and directors are also subject to separate transfer restrictions on their founder shares
and private placement warrants pursuant to the letter agreements described herein.

Our initial shareholders, officers and directors
agreed not to transfer, assign or sell any founder shares until the earlier to occur of (A) one year after the completion of our
initial business combination or (B) subsequent to our initial business combination, (x) if the closing price of our Class A
ordinary shares equals or exceeds $12.00 per share (as adjusted for share sub-divisions, share dividends, reorganizations, recapitalizations
and the like) for any 20 trading days within any 30-trading day period commencing at least 150 days after our initial
business combination, or (y) the date on which we complete a liquidation, merger, share exchange, reorganization or other similar
transaction that results in all of our shareholders having the right to exchange their Class A ordinary shares for cash, securities
or other property (except with respect to permitted transferees as described in the section of this prospectus entitled “Principal Shareholders — Restrictions on Transfers of Founder Shares and Private Placement Warrants”). The private placement
warrants (including the Class A ordinary shares issuable upon exercise of such warrants) will not be transferable, assignable or
saleable by the initial purchasers