Company: CGCT
Filing Date: 2025-03-05
Form Type: S-1/A
Source: 0001104659-25-020969
Chunk: 75

Company: Cartesian Growth Corp III
Filing Date: 2025-03-05
Form: S-1/A
Chunk 75
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 its management team in furtherance of such goals.

Compliance with the SPAC Rules and related
guidance may increase the costs of and the time needed to negotiate and complete an initial business combination and may constrain the
circumstances under which we could complete an initial business combination.

If we are deemed to be an investment company under the Investment Company Act, we may be required to institute burdensome compliance requirements and our activities may be restricted, which may make it difficult for us to complete our initial business combination.

As described in the risk factor above entitled
“— Changes in laws or regulations, or a failure to comply with any laws and regulations, may adversely affect our business, including our ability to negotiate and complete our initial business combination, and results of operations,” the
SEC’s adopting release with respect to the SPAC Rules provided guidance describing the extent to which SPACs could become
subject to regulation under the Investment Company Act and the regulations thereunder. Whether a SPAC is an investment company will be
a question of facts and circumstances. If our facts and circumstances change over time, we will update our disclosure to reflect how
those changes impact the risk that we may be considered to be operating as an unregistered investment company. We can give no assurance
that a claim will not be made that we have been operating as an unregistered investment company.

If we are deemed to be an investment company
under the Investment Company Act, we may have to change our operations, wind down our operations, or register as an investment company
under the Investment Company Act. Our activities may be restricted, including:

| · | restrictions                          
 on the nature of our investments; and |

| · | restrictions                                                                              
 on the issuance of securities, each of which may make it difficult for us to complete our 
 initial business combination.                                                             |

In addition, we may have imposed upon us burdensome
requirements, including:

| · | registration              
 as an investment company; |

| · | adoption                                       
 of a specific form of corporate structure; and |

| · | reporting,                                                                                 
 record keeping, voting, proxy and disclosure requirements and other rules and regulations. |

In order not to be regulated as an investment
company under the Investment Company Act, unless we can qualify for an exclusion, we must ensure that we are engaged primarily in a business
other than investing, reinvesting or trading in securities and that our activities do not include investing, reinvesting, owning, holding
or trading “investment securities” constituting more than