Company: CGCT
Filing Date: 2025-03-21
Form Type: S-1/A
Source: 0001104659-25-026623
Chunk: 161

Company: Cartesian Growth Corp III
Filing Date: 2025-03-21
Form: S-1/A
Chunk 161
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| · | limitations                                                                                    
 on our flexibility in planning for and reacting to changes in our business and in the industry 
 in which we operate;                                                                           |

| · | increased                                                                                 
 vulnerability to adverse changes in general economic, industry and competitive conditions 
 and adverse changes in government regulation; and                                         |

| · | limitations                                                                                     
 on our ability to borrow additional amounts for expenses, capital expenditures, acquisitions,   
 debt service requirements, execution of our strategy and other purposes and other disadvantages 
 compared to our competitors who have less debt.                                                 |

As indicated in the accompanying financial statements,
at December 31, 2024, we had no cash and deferred offering costs of $263,676. Further, we expect to incur significant costs in the
pursuit of our initial business combination. Management plans to address this uncertainty through this offering. We cannot assure you
that our plans to raise capital or to complete our initial business combination will be successful. These factors, among others, raise
substantial doubt about our ability to continue as a going concern.

Results of Operations and Known Trends or Future Events

We have neither engaged in any operations nor
generated any revenues to date. Our only activities since inception have been organizational activities and those necessary to prepare
for this offering. Following this offering, we will not generate any operating revenues until after completion of our initial business
combination. We will generate non-operating income in the form of interest income on cash and cash equivalents after this offering. There
has been no significant change in our financial or trading position and no material adverse change has occurred since the date of our
audited financial statements. After this offering, we expect to incur increased expenses as a result of being a public company (for legal,
financial reporting, accounting and auditing compliance), as well as for due diligence expenses. We expect our expenses to increase substantially
after the closing of this offering.

Liquidity and Capital Resources

Our liquidity needs have been satisfied prior
to the completion of this offering through $25,000 paid by our initial shareholders to cover certain of our offering and formation costs,
in exchange for the issuance of the founder shares to our initial shareholders, and $250,000 in loans from our sponsor.

We estimate that the net proceeds from the sale
of the units in this offering and the sale of the private placement warrants for an aggregate purchase price of $6,000,000, after deducting
offering expenses of approximately $750,000 and underwriting commissions of $4,000,