Company: CGCT
Filing Date: 2025-03-05
Form Type: S-1/A
Source: 0001104659-25-020969
Chunk: 125

Company: Cartesian Growth Corp III
Filing Date: 2025-03-05
Form: S-1/A
Chunk 125
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 the public warrants, for purposes of this table the full 
 investment amount is ascribed to the public shares only.                                  |

| (2) | The total investment in the equity of our                                                 
 company by our initial shareholders and Cantor is $6,025,000, consisting of (i) $25,000   
 paid by our initial shareholders for the founder shares, (ii) $4,000,000 paid by our      
 sponsor for 4,000,000 private placement warrants and (iii) $2,000,000 paid by Cantor      
 for 2,000,000 private placement warrants. For purposes of this table, the full investment 
 amount is ascribed to the founder shares only.                                            |

| (3) | All founder shares would automatically convert                                                  
 into Class A ordinary shares upon completion of our initial business combination, or            
 earlier at the option of the holder, on a one-for-one basis, subject to adjustment as described 
 herein.                                                                                         |

<div align='center'>69</div>

Based on these assumptions, each Class A
ordinary share would have an implied value of $7.64 per share upon completion of our initial business combination, representing an approximately
23.6% decrease from the initial implied value of $10.00 per public share. While the implied value of $7.64 per Class A ordinary
share upon completion of our initial business combination would represent a dilution to our public shareholders, this would represent
a significant increase in value for our initial shareholders relative to the price paid for each founder share. At $7.64 per Class A
ordinary share, the 5,000,000 Class A ordinary shares that our initial shareholders would own upon completion of our initial business
combination (after automatic conversion of the 5,000,000 founder shares) would have an aggregate implied value of $38,200,000. As a result,
even if the trading price of our Class A ordinary share significantly declines, the value of the founder shares held by our initial
shareholders will be significantly greater than the amount our initial shareholders paid to purchase such shares. In addition, our initial
shareholders could potentially recoup their entire investment in our company even if the trading price of our Class A ordinary shares
after the initial business combination is as low as approximately $0.81 per share. As a result, our initial shareholders are likely to
earn a substantial profit on their investment in us upon disposition of the founder shares even if the trading price of