Company: CGCT
Filing Date: 2025-01-29
Form Type: S-1
Source: 0001104659-25-006780
Chunk: 309

Company: Cartesian Growth Corp III
Filing Date: 2025-01-29
Form: S-1
Chunk 309
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 at the time of disposition. The separation
of the Class A ordinary share and the one-half of one warrant comprising a unit and the combination of two halves of one warrant
into a single warrant should not be a taxable event for United States federal income tax purposes.

The foregoing treatments of the units, Class A
ordinary shares and warrants and a holder’s purchase price allocation are not binding on the IRS or the courts. Because there are
no authorities that directly address instruments that are similar to the units, no assurance can be given that the IRS or the courts
will agree with the characterization described above or the discussion below. Accordingly, each prospective investor is urged to consult
its tax advisors regarding the tax consequences of an investment in a unit (including alternative characterizations of a unit). The balance
of this discussion assumes that the characterization of the units described above will be respected for United States federal income
tax purposes.

U.S. Holders

This section applies to you if you are a “U.S. Holder.”
A U.S. Holder is a beneficial owner of our units, Class A ordinary shares or warrants who or that is, for United States
federal income tax purposes:

| · | an                                                            
 individual who is a citizen or resident of the United States; |

| · | a                                                                                        
 corporation (or other entity taxable as a corporation) organized in or under the laws of 
 the United States, any state thereof or the District of Columbia;                        |

| · | an                                                                                   
 estate whose income is subject to United States federal income tax regardless of its 
 source; or                                                                           |

| · | a                                                                                          
 trust, if: (i) a court within the United States is able to exercise primary supervision    
 over the administration of the trust and one or more United States persons (as defined     
 in the Code) have authority to control all substantial decisions of the trust, or (ii) it  
 has a valid election in effect under Treasury Regulations to be treated as a United States 
 person (as defined in the Code).                                                           |

Taxation of Distributions

Subject to the PFIC rules discussed below,
a U.S. Holder generally will be required to include in gross income as dividends in the year actually or constructively received
by the U.S. Holder the amount of any distribution of cash or other property (other than certain distributions of our shares or rights
to acquire our shares) paid on our Class A ordinary shares to the extent the distribution is paid out of our current or accumulated
earnings and profits (