Company: CGCT
Filing Date: 2025-03-21
Form Type: S-1/A
Source: 0001104659-25-026623
Chunk: 367

Company: Cartesian Growth Corp III
Filing Date: 2025-03-21
Form: S-1/A
Chunk 367
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 Accordingly, any indemnification provided will only be able to be satisfied by us if (i) we
have sufficient funds outside of the trust account or (ii) we consummate an initial business combination.

Insofar as indemnification for liabilities arising
under the Securities Act may be permitted to directors, officers or persons controlling us pursuant to the foregoing provisions, we have
been informed that in the opinion of the SEC such indemnification is against public policy as expressed in the Securities Act and is
therefore unenforceable.

Item 15. Recent Sales of Unregistered Securities.

Pursuant to certain subscription agreements dated
October 29, 2024, on November 12, 2024, CGC III Sponsor LLC, our sponsor, and CGC III Sponsor DirectorCo LLC, or DirectorCo,
paid an aggregate of $25,000, or approximately $0.004 per share, to cover certain of our offering costs in exchange for an aggregate
of 5,750,000 Class B ordinary shares. Such securities were issued in connection with our organization pursuant to the exemption
from registration contained in Section 4(a)(2) of the Securities Act. The number of founder shares outstanding was determined
based on the expectation that the total size of this offering would be a maximum of 23,000,000 units if the underwriters’
over-allotment option is exercised in full and therefore that such founder shares would represent 20% of the outstanding ordinary shares
after this offering. Up to 750,000 of these shares will be surrendered by our sponsor to us for no consideration depending on the extent
to which the underwriters’ over-allotment option is exercised.

Each of our sponsor and DirectorCo is an accredited
investor for purposes of Rule 501 of Regulation D. Each of the equity holders in our sponsor and DirectorCo is an accredited
investor under Rule 501 of Regulation D. The business of our sponsor is focused on investing in our company, and the business
of DirectorCo is solely to hold founder shares, including for the benefit of our independent directors.

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Our sponsor and Cantor Fitzgerald &
Co., the representative of the underwriters, have committed to, pursuant to written agreements, purchase an aggregate of 6,000,000 warrants,
each exercisable to purchase one Class A ordinary share at $11.50 per share, at a price of $1.00 per warrant, or $6,000,