Company: CGCT
Filing Date: 2025-04-14
Form Type: S-1/A
Source: 0001104659-25-034635
Chunk: 202

Company: Cartesian Growth Corp III
Filing Date: 2025-04-14
Form: S-1/A
Chunk 202
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 balance sheet by reducing its debt ratio. Because we are able to complete
our initial business combination using our cash, debt or equity securities, or a combination of the foregoing, we have the flexibility
to use the most efficient combination that will allow us to tailor the consideration to be paid to the target business to fit its needs
and desires. However, we have not taken any steps to secure third party financing and there can be no assurance it will be available
to us.

Competition

In identifying, evaluating and selecting a target
business for our initial business combination, we expect to encounter intense competition from other entities having a business objective
similar to ours, including private investors (which may be individuals or investment partnerships), other SPACs (including CGC II) and
other entities, domestic and international, competing for the types of businesses we intend to acquire. Many of these individuals and
entities are well-established and have extensive experience in identifying and effecting, directly or indirectly, acquisitions of companies
operating in or providing services to various industries. Moreover, many of these competitors possess financial, technical, human and
other resources that are similar to or greater than ours. Our ability to acquire larger target businesses will be limited by our available
financial resources. This inherent limitation gives others an advantage in pursuing the acquisition of a target business. Furthermore,
our obligation to pay cash in connection with the exercise of redemption rights by our public shareholders may reduce the resources available
to us for our initial business combination and our issued and outstanding warrants, and the future dilution they potentially represent,
may not be viewed favorably by certain target businesses.

In recent years, the number of SPACs that have
been formed has increased substantially. Because there are more SPACs seeking to enter into an initial business combination with available
targets, the competition for available targets with attractive fundamentals or business models may increase, which could cause target
companies to demand improved financial terms, which could increase the cost of, delay or otherwise complicate or frustrate our ability
to find and consummate an initial business combination. See “Risk Factors — Risks Relating to our Search for, and Consummation of or Inability to Consummate, a Business Combination — Because of our limited resources and the significant competition for business combination opportunities, it may be more difficult for us to complete our initial business combination. If we are unable to complete our initial business combination, our public shareholders may receive only their pro rata portion of the funds in the trust account that are