Company: CGCT
Filing Date: 2025-01-29
Form Type: S-1
Source: 0001104659-25-006780
Chunk: 327

Company: Cartesian Growth Corp III
Filing Date: 2025-01-29
Form: S-1
Chunk 327
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 and furnishing any required information.

<div align='center'>165

Underwriting</div>

Cantor Fitzgerald & Co. is acting as
representative of the underwriters named below. Subject to the terms and conditions of the underwriting agreement dated , 2025, each
underwriter named below has severally agreed to purchase, and we have agreed to sell to such underwriter, the number of units set forth
opposite the underwriter’s name.

| Underwriter      |     | Number 
 of     
 Units  |            |
| Cantor           
 Fitzgerald & Co. |     |        |            |
| Total            |     |        | 20,000,000 |

The underwriting agreement provides that the
obligations of the underwriters to purchase the units included in this offering are subject to approval of legal matters by counsel and
to other conditions. The underwriters are obligated to purchase all of the units (other than those covered by the underwriters’
over-allotment option described below) if they purchase any of the units.

The offering of the units by the underwriters
is subject to receipt and acceptance and subject to the underwriters’ right to reject any order in whole or in part.

Pricing of the Offering

We have been advised by the underwriters that
they propose to offer the units to the public at the initial offering price set forth on the cover page of this prospectus. The
underwriters may allow dealers concessions not in excess of $ per unit and the dealers may re-allow a concession not in excess of $ per
unit to other dealers. After the initial offering of the units, the representative may change the offering price and other selling terms.
The offering of the units by the underwriters is subject to receipt and acceptance and subject to the underwriters’ right to reject
any order in whole or in part. Sales of any units outside the United States may be made by affiliates of the underwriters.

Over-allotment Option

If the underwriters sell more units than the
total number set forth in the table above, we have granted to the underwriters an option, exercisable for 45 days from the date
of this prospectus, to purchase up to 3,000,000 additional units at the public offering price less the underwriting discount. The underwriters
may exercise this option solely for the purpose of covering over-allotments, if any, in connection with this offering. To the extent
the option is exercised, each underwriter