Company: CGCT
Filing Date: 2025-01-29
Form Type: S-1
Source: 0001104659-25-006780
Chunk: 354

Company: Cartesian Growth Corp III
Filing Date: 2025-01-29
Form: S-1
Chunk 354
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 $10.00 per share due to reductions in the value
of the trust assets, less taxes payable (but without deduction for any excise or similar tax that may be due or payable), provided that
such liability will not apply to any claims by a third party or prospective target business who executed a waiver of any and all rights
to the monies held in the Trust Account (whether or not such waiver is enforceable) nor will it apply to any claims under the Company’s
indemnity of the underwriters of the Proposed Public Offering against certain liabilities, including liabilities under the Securities
Act of 1933, as amended (the “Securities Act”). However, the Company has not asked the Sponsor to reserve for such
indemnification obligations, nor has the Company independently verified whether the Sponsor has sufficient funds to satisfy its indemnity
obligations and the Company believes that the Sponsor’s only assets are securities of the Company. Therefore, the Company cannot
assure that the Sponsor would be able to satisfy those obligations.

Going ConcernConsideration

At December 31, 2024, the Company had a
working capital deficit of $281,296 (excluding deferred offering costs). Further, the Company has incurred and expects to continue to
incur significant costs in pursuit of its acquisition plans. The Company lacks the financial resources it needs to sustain operations
for a reasonable period of time, which is considered to be one year from the date of the issuance of the financial statements. These
conditions raise substantial doubt about the Company’s ability to continue as a going concern.

<div align='center'>F-8

Cartesian Growth Corporation IIINOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2024</div>

Management plans to address this uncertainty
through the Proposed Public Offering as discussed in Note 3. There is no assurance that the Company’s plans to raise capital will
be successful. The financial statements do not include any adjustments that might result from the outcome of this uncertainty. In connection
with the Company’s assessment of going concern considerations in accordance with Accounting Standards Update (“ASU”)
2014-15, “Disclosures of Uncertainties about an Entity’s Ability to Continue as a Going Concern,” management has determined
that the Company has access to funds from the Sponsor, and the Sponsor has the financial ability to provide such funds, that are sufficient
to fund the working capital needs of the Company until the earlier of the consummation of the Proposed Public