Company: CGCT
Filing Date: 2025-01-29
Form Type: S-1
Source: 0001104659-25-006780
Chunk: 348

Company: Cartesian Growth Corp III
Filing Date: 2025-01-29
Form: S-1
Chunk 348
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 value; 20,000,000 shares authorized; 5,750,000 shares issued and outstanding(1) |     |              |     575 |   |
| Additional paid-in                                                                                           
 capital                                                                                                      |     |              |  24,425 |   |
| Accumulated                                                                                                  
 deficit                                                                                                      |     |              | (42,620 | ) |
| Total                                                                                                        
 Shareholders’ Deficit                                                                                        |     |              | (17,620 | ) |
| Total                                                                                                        
 Liabilities and Shareholders’ Deficit                                                                        |     | $            | 266,878 |   |

| (1) | Includes up to 750,000                                                                      
 Class B ordinary shares subject to forfeiture if the over-allotment option is not exercised 
 in full or in part by the underwriters (Note 7).                                            |

<div align='center'>The accompanying notes are an integral part of
the financial statements.

F-3

Cartesian Growth Corporation IIISTATEMENT OF OPERATIONS</div>

|                                                                     |     | For the          
 period from      
 October 29, 2024 
 (inception)      
 through          
 December 31,     
 2024             |           |   |
|:--------------------------------------------------------------------|:----|:-----------------|----------:|:--|
| General                                                             
 and administrative costs                                            |     | $                |    42,620 |   |
| Net                                                                 
 loss                                                                |     | $                |   (42,620 | ) |
| Basic                                                               
 and diluted weighted average Class B ordinary shares outstanding(1) |     |                  | 5,000,000 |   |
| Basic                                                               
 and diluted net loss per share                                      |     | $                |     (0.01 | ) |

| (1) | Excludes up to 750,000                                                                      
 Class B ordinary shares subject to forfeiture if the over-allotment option is not exercised 
 in full or in part by the underwriters (Note 7).                                            |

<div align='center'>The accompanying notes are an integral part of the financial statements.

F-4

Cartesian Growth Corporation IIISTATEMENT OF CHANGES IN SHAREHOLDERS’ DEFICIT
for the period from October 29, 2024 (inception) through December 31, 2024</div>

| Balance                              
 as of October 29, 2024 (inception)   |     | Class B         
 Ordinary Shares 
 Shares          |