Company: CGCT
Filing Date: 2025-03-05
Form Type: S-1/A
Source: 0001104659-25-020969
Chunk: 297

Company: Cartesian Growth Corp III
Filing Date: 2025-03-05
Form: S-1/A
Chunk 297
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 United States federal income tax purposes, as the owner of the
underlying Class A ordinary share and warrant components of the unit. As a result, the discussion below with respect to actual holders
of Class A ordinary shares and warrants also should apply to holders of units (as the deemed owners of the underlying Class A
ordinary shares and warrants that constitute the units).

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This discussion is limited to certain United States
federal income tax considerations to beneficial owners of our securities who are initial purchasers of a unit pursuant to this offering
and hold the unit and each component of the unit as a capital asset within the meaning of Section 1221 of the Code. This discussion
assumes that the Class A ordinary shares and warrants will trade separately and that any distributions made (or deemed made) by
us on our Class A ordinary shares and any consideration received (or deemed received) by a holder in consideration for the sale
or other disposition of our securities will be in U.S. dollars.

This discussion does not address the United States
federal income tax consequences to our founders, sponsors, officers or directors, or to holders of our founder shares or private placement
warrants. This discussion is a summary only and does not describe all of the tax consequences that may be relevant to the acquisition,
ownership and disposition of a unit by a prospective investor in light of its particular circumstances, including but not limited to,
the alternative minimum tax, the Medicare tax on net investment income and the different consequences that may apply to investors that
are subject to special rules under U.S. federal income tax laws, including but not limited to:

| · | banks,                                                 
 financial institutions or financial services entities; |

| · | broker-dealers; |

| · | taxpayers                                                    
 that are subject to the mark-to-market tax accounting rules; |

| · | tax-exempt 
 entities;  |

| · | governments                               
 or agencies or instrumentalities thereof; |

| · | insurance  
 companies; |

| · | regulated             
 investment companies; |

| · | real                      
 estate investment trusts; |

| · | expatriates                                         
 or former long-term residents of the United States; |

| · | except                                                                                   
 as specifically provided below, persons that actually or constructively own five percent 
 or more (by vote or value) of our shares;                                                |

| · | persons                                                                                       
 that acquired our securities pursuant to an exercise of employee share options, in connection 
 with employee share incentive plans or otherwise as compensation