Company: CGCT
Filing Date: 2025-03-05
Form Type: S-1/A
Source: 0001104659-25-020969
Chunk: 159

Company: Cartesian Growth Corp III
Filing Date: 2025-03-05
Form: S-1/A
Chunk 159
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 nor
generated any revenues to date. Our only activities since inception have been organizational activities and those necessary to prepare
for this offering. Following this offering, we will not generate any operating revenues until after completion of our initial business
combination. We will generate non-operating income in the form of interest income on cash and cash equivalents after this offering. There
has been no significant change in our financial or trading position and no material adverse change has occurred since the date of our
audited financial statements. After this offering, we expect to incur increased expenses as a result of being a public company (for legal,
financial reporting, accounting and auditing compliance), as well as for due diligence expenses. We expect our expenses to increase substantially
after the closing of this offering.

Liquidity and Capital Resources

Our liquidity needs have been satisfied prior
to the completion of this offering through $25,000 paid by our initial shareholders to cover certain of our offering and formation costs,
in exchange for the issuance of the founder shares to our initial shareholders, and $250,000 in loans from our sponsor.

We estimate that the net proceeds from the sale
of the units in this offering and the sale of the private placement warrants for an aggregate purchase price of $6,000,000, after deducting
offering expenses of approximately $750,000 and underwriting commissions of $4,000,000 (excluding deferred underwriting commissions of
$9,000,000, or $10,950,000 if the underwriters’ over-allotment option is exercised in full), will be $201,250,000 (or $231,250,000
if the underwriters’ over-allotment option is exercised in full). $200,000,000 (or $230,000,000 if the underwriters’ over-allotment
option is exercised in full) will be held in the trust account, which includes the deferred underwriting commissions described above.
The proceeds held in the trust account will initially be invested only in U.S. government treasury obligations with a maturity of
185 days or less or in money market funds meeting certain conditions under Rule 2a-7 under the Investment Company Act
which invest only in direct U.S. government treasury obligations; the holding of these assets in this form is intended to be temporary
and for the sole purpose of facilitating the intended business combination. To mitigate the risk that we might be deemed to be an investment
company for purposes of the Investment Company Act, which risk increases the