Company: CGCT
Filing Date: 2025-01-29
Form Type: S-1
Source: 0001104659-25-006780
Chunk: 269

Company: Cartesian Growth Corp III
Filing Date: 2025-01-29
Form: S-1
Chunk 269
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 shares (including Excess Shares) for
or against our initial business combination. Our shareholders’ inability to redeem the Excess Shares will reduce their influence
over our ability to complete our initial business combination, and such shareholders could suffer a material loss in their investment
if they sell such Excess Shares on the open market. Additionally, such shareholders will not receive redemption distributions with respect
to the Excess Shares if we complete our initial business combination. And, as a result, such shareholders will continue to hold that number
of shares exceeding 15% and, in order to dispose such shares would be required to sell their shares in open market transactions, potentially
at a loss.

If we seek shareholder approval in connection
with our initial business combination, our initial shareholders, officers and directors have agreed to vote their founder shares and any
public shares purchased during or after this offering (including in open market and privately-negotiated transactions, aside from shares
they may purchase in compliance with the requirements of Rule 14e-5 under the Exchange Act, which would not be voted in favor of
approving the business combination transaction) in favor of our initial business combination. As a result, in addition to our initial
shareholders’ founder shares, we would need 7,500,001 or 37.5%, of the 20,000,000 public shares sold in this offering to be voted
in favor of an initial business combination in order to have our initial business combination approved, assuming all outstanding shares
are voted, the underwriters’ over-allotment option is not exercised and the parties to the letter agreements do not acquire any
public shares. Assuming that only the holders of one-third of our issued and outstanding ordinary shares, representing a quorum under
our amended and restated memorandum and articles of association vote their shares at a general meeting of the company, we will not need
any public shares in addition to our founder shares to be voted in favor of an initial business combination in order to approve an initial
business combination. Additionally, each public shareholder may elect to redeem their public shares irrespective of whether they vote
for or vote against the proposed transaction, or whether they do not vote or abstain from voting on the proposed transaction, or whether
they were a public shareholder on the record date for the general meeting held to approve the proposed transaction.

Pursuant to our amended and restated memorandum
and articles of association, if we have not completed our initial business combination within the completion window, we will (