Company: CGCT
Filing Date: 2025-03-21
Form Type: S-1/A
Source: 0001104659-25-026623
Chunk: 173

Company: Cartesian Growth Corp III
Filing Date: 2025-03-21
Form: S-1/A
Chunk 173
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 completed, as our management team has done with multiple investments over a wide range of sectors, industries and geographical locations.

Although we anticipate acquiring a target business
that is an operating business, we are not obligated to do so and may determine instead to merge with or acquire a company with no operating
history if the terms of the transaction are determined by us to be favorable to our public shareholders and the target business has a
fair market value of at least 80% of the assets held in the trust account (excluding the deferred underwriting commissions and taxes
payable, if any, on the income accrued on the trust account) at the time of our signing a definitive agreement in connection with our
initial business combination. In such event, investors would not have the benefit of basing the decision on whether to remain with our
company following such transaction on the past operations of such target business. Furthermore, in such a situation, many of the acquisition
criteria and guidelines set forth in this prospectus may be rendered irrelevant. If we do not obtain a fairness opinion from an independent
investment banking firm or another independent entity that commonly renders valuation opinions with respect to such criteria, the fair
market value of such a target would be determined by our board of directors based upon one or more standards generally accepted by the
financial community, such as actual and potential sales, earnings, cash flow and/or book value, discounted cash flow valuation or value
of comparable businesses. We can provide no assurances that our management team’s expertise will guarantee a successful initial
business combination. In addition, our management team is not required to devote a significant or certain amount of time to our businesses
and our management team is currently devoting time to, and is involved with, other businesses.

The past performance of our management team and
their affiliates is not a guarantee (i) that we will be able to identify a suitable candidate for our initial business combination
or (ii) of success with respect to any business combination we may consummate. You should not rely on the historical record of our
sponsor, management team and their affiliates as indicative of our future performance.

Our Sponsor, Recent SPAC Experience, Board of Directors and Team Members

Cartesian Capital Group

Our sponsor is an affiliate of Cartesian, a global
private equity firm and registered investment adviser headquartered in New York City, New York. Cartesian has extensive experience providing
growth capital to companies around the world. Since its inception in 2006, Cartesian has managed more than $3 billion in committed capital.
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