Company: CGCT
Filing Date: 2025-03-05
Form Type: S-1/A
Source: 0001104659-25-020969
Chunk: 123

Company: Cartesian Growth Corp III
Filing Date: 2025-03-05
Form: S-1/A
Chunk 123
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Our initial shareholders paid an aggregate of $25,000, or approximately $0.004 per founder share and, accordingly, you will experience immediate and substantial dilution from the purchase of our Class A ordinary shares.

The difference between the public offering price
per share (allocating all of the unit purchase price to the Class A ordinary share and none to the warrant included in the unit)
and the pro forma net tangible book value per share of our Class A ordinary shares after this offering constitutes the dilution
to you and the other investors in this offering. Our initial shareholders acquired the founder shares at a nominal price, significantly
contributing to this dilution. Upon closing of this offering, and assuming no value is ascribed to the warrants included in the units,
you and the other public shareholders will incur an immediate and substantial dilution of approximately 116.10% (or $11.61 per share,
assuming no exercise of the underwriters’ over-allotment option), the difference between the pro forma net tangible book value
per share after this offering of $(1.61) (assuming the maximum redemption) and the initial offering price of $10.00 per unit. This dilution
would increase to the extent that the anti-dilution provisions of the founder shares result in the issuance of Class A ordinary
shares on a greater than one-to-one basis upon conversion of the founder shares at the time of our initial business combination. In addition,
because of the anti-dilution protection in the founder shares, any equity or equity-linked securities issued in connection with our initial
business combination would be disproportionately dilutive to our Class A ordinary shares.

The nominal purchase price paid by our initial shareholders for the founder shares may result in significant dilution to the implied value of your public shares upon the consummation of our initial business combination, and our initial shareholders are likely to make a substantial profit on their investment in us in the event we consummate an initial business combination, even if the business combination causes the trading price of our ordinary shares to materially decline.

We are offering our units at an offering price
of $10.00 per unit and the amount in our trust account is initially anticipated to be $10.00 per public share, implying an initial value
of $10.00 per public share. However, prior to this offering, our initial shareholders paid a nominal aggregate purchase price of $25,000
for the founder shares, or approximately $0.004 per share.