Company: CGCT
Filing Date: 2025-03-05
Form Type: S-1/A
Source: 0001104659-25-020969
Chunk: 163

Company: Cartesian Growth Corp III
Filing Date: 2025-03-05
Form: S-1/A
Chunk 163
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or other indebtedness in connection with our initial business combination, including pursuant to forward purchase agreements or backstop
agreements we may enter into following consummation of this offering. Subject to compliance with applicable securities laws, we would
only complete such financing simultaneously with the completion of our initial business combination. If we are unable to complete our
initial business combination because we do not have sufficient funds available to us, we will be forced to liquidate the trust account.
In addition, following our initial business combination, if cash on hand is insufficient, we may need to obtain additional financing
in order to meet our obligations.

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Controls and Procedures

We are not currently required to maintain an
effective system of internal controls as defined by Section 404 of the Sarbanes-Oxley Act. We will be required to comply with the
internal control requirements of the Sarbanes-Oxley Act for the fiscal year ending December 31, 2025. Only in the event that we
are deemed to be a large accelerated filer or an accelerated filer and no longer an emerging growth company would we be required to comply
with the independent registered public accounting firm attestation requirement. Further, for as long as we remain an emerging growth
company as defined in the JOBS Act, we intend to take advantage of certain exemptions from various reporting requirements that are applicable
to other public companies that are not emerging growth companies including, but not limited to, not being required to comply with the
independent registered public accounting firm attestation requirement.

Prior to the closing of this offering, we have
not completed an assessment, nor has our independent registered public accounting firm tested our systems, of internal controls. We expect
to assess the internal controls of our target business or businesses prior to the completion of our initial business combination and,
if necessary, to implement and test additional controls as we may determine are necessary in order to state that we maintain an effective
system of internal controls. A target business may not be in compliance with the provisions of the Sarbanes-Oxley Act regarding the adequacy
of internal controls. Many small and mid-sized target businesses we may consider for our initial business combination may have internal
controls that need improvement in areas such as:

| · | staffing                                                                                 
 for financial, accounting and external reporting areas, including segregation of duties; |

| · | reconciliation 
 of accounts;   |

| · | proper                                                                    
 recording of expenses and liabilities in the period to which