Company: CGCT
Filing Date: 2025-03-21
Form Type: S-1/A
Source: 0001104659-25-026623
Chunk: 97

Company: Cartesian Growth Corp III
Filing Date: 2025-03-21
Form: S-1/A
Chunk 97
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 breach certain covenants that require the maintenance of certain financial        
 ratios or reserves without a waiver or renegotiation of that covenant;                           |

| · | our                                                                                      
 immediate payment of all principal and accrued interest, if any, if the debt security is 
 payable on demand;                                                                       |

| · | our                                                                                        
 inability to obtain necessary additional financing if the debt security contains covenants 
 restricting our ability to obtain such financing while the debt security is outstanding;   |

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| · | using                                                                                         
 a substantial portion of our cash flow to pay principal and interest on our debt, which will  
 reduce the funds available for expenses, capital expenditures, acquisitions and other general 
 corporate purposes;                                                                           |

| · | 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.                                                 |

We may only be able to complete one business combination with the proceeds of this offering and the sale of the private placement warrants, which will cause us to be solely dependent on a single business which may have a limited number of products or services. This lack of diversification may negatively impact our operations and profitability. The net proceeds from this offering and the private placement of warrants will provide us with $191,000,000 (or $219,050,000 if the underwriters’ over-allotment option is exercised in full) that we may use to complete our initial business combination (after taking into account the $9,000,000, or up to $10,950,000 if the underwriters’ over-allotment option is exercised in full, of deferred underwriting commissions being held in the trust account).

We may effectuate our initial business combination
with a single target business or multiple target businesses simultaneously or within a short period of time. However, we may not be able
to effectuate our initial business combination with more than one target business because of various factors, including the existence
of complex accounting issues and the requirement that we prepare and file pro forma financial statements with the SEC that present operating
results and the financial condition of several target businesses as