Company: CGCT
Filing Date: 2025-01-29
Form Type: S-1
Source: 0001104659-25-006780
Chunk: 326

Company: Cartesian Growth Corp III
Filing Date: 2025-01-29
Form: S-1
Chunk 326
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 treatment
of a Non-U.S. Holder’s receipt of any Class A ordinary share upon the exercise of a warrant or the lapse of a warrant
held by a Non-U.S. Holder generally will correspond to the United States federal income tax treatment of the receipt of a Class A
ordinary share on the exercise of a warrant or the lapse of a warrant held by a U.S. Holder, as described under “— U.S. Holders — Exercise, Lapse or Redemption of a Warrant,” above, although to the extent a cashless exercise results in a taxable exchange, the consequences
would be similar to those described in the preceding paragraphs above for a Non-U.S. Holder’s gain on the sale or other disposition
of our Class A ordinary shares and warrants.

The characterization for United States federal
income tax purposes of the redemption of the Non-U.S. Holder’s Class A ordinary shares or warrants generally will correspond
to the United States federal income tax treatment of such a redemption of a U.S. Holder’s Class A ordinary shares
or warrants, as described under “— U.S. Holders — Redemption of Class A Ordinary Shares”
or “— U.S. Holders — Exercise, Lapse or Redemption of a Warrant” above, as applicable,
and the consequences of the redemption to the Non-U.S. Holder will be as described in the paragraphs above under the heading “— Non-U.S. Holders”
based on such characterization.

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Information Reporting and Backup Withholding

Dividend payments with respect to our Class A
ordinary shares and proceeds from the sale, exchange or redemption of our Class A ordinary shares or warrants may be subject to
information reporting to the IRS and possible United States backup withholding. Backup withholding will not apply, however, to a
U.S. Holder who furnishes a correct taxpayer identification number and makes other required certifications, or who is otherwise
exempt from backup withholding and establishes such exempt status. A Non-U.S. Holder generally will eliminate the requirement for
information reporting and backup withholding by providing certification of its foreign status, under penalties of perjury, on a duly
executed applicable IRS Form W-8 or by otherwise establishing an exemption.

Backup withholding is not an additional tax.
Amounts withheld as backup withholding may be credited against a holder’s United States federal income tax liability, and
a holder generally may obtain a refund of any excess amounts withheld under the backup withholding rules by timely filing the appropriate
claim for refund with the IRS