Company: CGCT
Filing Date: 2025-03-05
Form Type: S-1/A
Source: 0001104659-25-020969
Chunk: 158

Company: Cartesian Growth Corp III
Filing Date: 2025-03-05
Form: S-1/A
Chunk 158
---
 diluting the share 
 ownership or voting rights of a person seeking to obtain control of us; and               |

| · | may                                                                                        
 adversely affect prevailing market prices for our Class A ordinary shares and/or warrants. |

Similarly, if we issue debt securities or otherwise
incur significant debt to bank or other lenders or the owners of a target, it could result in:

| · | default                                                                                       
 and foreclosure on our assets if our operating revenues after an initial business combination 
 are insufficient to repay our debt obligations;                                               |

| · | acceleration                                                                                     
 of our obligations to repay the indebtedness even if we make all principal and interest payments 
 when due if we breach certain covenants that require the maintenance of certain financial        
 ratios or reserves without a waiver or renegotiation of that covenant;                           |

| · | our                                                                                      
 immediate payment of all principal and accrued interest, if any, if the debt security is 
 payable on demand;                                                                       |

| · | our                                                                                        
 inability to obtain necessary additional financing if the debt security contains covenants 
 restricting our ability to obtain such financing while the debt security is outstanding;   |

| · | using                                                                                         
 a substantial portion of our cash flow to pay principal and interest on our debt, which will  
 reduce the funds available for expenses, capital expenditures, acquisitions and other general 
 corporate purposes;                                                                           |

<div align='center'>88</div>

| · | limitations                                                                                    
 on our flexibility in planning for and reacting to changes in our business and in the industry 
 in which we operate;                                                                           |

| · | increased                                                                                 
 vulnerability to adverse changes in general economic, industry and competitive conditions 
 and adverse changes in government regulation; and                                         |

| · | limitations                                                                                     
 on our ability to borrow additional amounts for expenses, capital expenditures, acquisitions,   
 debt service requirements, execution of our strategy and other purposes and other disadvantages 
 compared to our competitors who have less debt.                                                 |

As indicated in the accompanying financial statements,
at December 31, 2024, we had no cash and deferred offering costs of $263,676. Further, we expect to incur significant costs in the
pursuit of our initial business combination. Management plans to address this uncertainty through this offering. We cannot assure you
that our plans to raise capital or to complete our initial business combination will be successful. These factors, among others, raise
substantial doubt about our ability to continue as a going concern.

Results of Operations and Known Trends or Future Events

We have neither engaged in any operations