Company: CGCT
Filing Date: 2025-01-29
Form Type: S-1
Source: 0001104659-25-006780
Chunk: 127

Company: Cartesian Growth Corp III
Filing Date: 2025-01-29
Form: S-1
Chunk 127
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 paid for each founder share. At $7.64 per Class A ordinary share,
the 5,000,000 Class A ordinary shares that our initial shareholders would own upon completion of our initial business combination
(after automatic conversion of the 5,000,000 founder shares) would have an aggregate implied value of $38,200,000. As a result, even if
the trading price of our Class A ordinary share significantly declines, the value of the founder shares held by our initial shareholders
will be significantly greater than the amount our initial shareholders paid to purchase such shares. In addition, our initial shareholders
could potentially recoup their entire investment in our company even if the trading price of our Class A ordinary shares after the
initial business combination is as low as approximately $0.81 per share. As a result, our initial shareholders are likely to earn a substantial
profit on their investment in us upon disposition of the founder shares even if the trading price of our Class A ordinary shares
declines after we complete our initial business combination. Our initial shareholders may therefore be economically incentivized to complete
an initial business combination with a riskier, weaker-performing or less-established target business than would be the case
if our initial shareholders had paid the same per share price for the founder shares as our public shareholders paid for their public
shares in this offering.

This dilution would increase to the extent that
the anti-dilution provisions of the founder shares result in the issuance of Class A ordinary shares on a greater than one-to-one basis
upon conversion of the founder shares at the time of our initial business combination and would become exacerbated to the extent that
public shareholders seek redemptions from the trust for their public shares. In addition, because of the anti-dilution protection
in the founder shares, any equity or equity-linked securities issued in connection with our initial business combination would be
disproportionately dilutive to our Class A ordinary shares.

The value of the founder shares following completion of our initial business combination is likely to be substantially higher than the nominal price paid for them, even if the trading price of our ordinary shares at such time is substantially less than $10.00 per public share.

Upon the closing of this offering, our initial
shareholders will have invested in us an aggregate of $4,025,000, comprised of the $25,000 purchase price for the founder shares (or approximately
$0.004 per share) and the $4,000,000 purchase price for the private