Company: CGCT
Filing Date: 2025-04-14
Form Type: S-1/A
Source: 0001104659-25-034635
Chunk: 307

Company: Cartesian Growth Corp III
Filing Date: 2025-04-14
Form: S-1/A
Chunk 307
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 States; |

| · | a                                                                                        
 corporation (or other entity taxable as a corporation) organized in or under the laws of 
 the United States, any state thereof or the District of Columbia;                        |

| · | an                                                                                   
 estate whose income is subject to United States federal income tax regardless of its 
 source; or                                                                           |

| · | a                                                                                          
 trust, if: (i) a court within the United States is able to exercise primary supervision    
 over the administration of the trust and one or more United States persons (as defined     
 in the Code) have authority to control all substantial decisions of the trust, or (ii) it  
 has a valid election in effect under Treasury Regulations to be treated as a United States 
 person (as defined in the Code).                                                           |

Taxation of Distributions

Subject to the PFIC rules discussed below,
a U.S. Holder generally will be required to include in gross income as dividends in the year actually or constructively received
by the U.S. Holder the amount of any distribution of cash or other property (other than certain distributions of our shares or rights
to acquire our shares) paid on our Class A ordinary shares to the extent the distribution is paid out of our current or accumulated
earnings and profits (as determined under United States federal income tax principles). Distributions in excess of such earnings
and profits generally will be applied against and reduce the U.S. Holder’s basis in its Class A ordinary shares (but
not below zero) and, to the extent in excess of such basis, will be treated as gain from the sale or exchange of such Class A ordinary
shares (the treatment of which is described under “— Gain or Loss on Sale, Taxable Exchange or Other Taxable Disposition of Class A Ordinary Shares and Warrants” below).

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Dividends paid by us will be taxable to a corporate
U.S. Holder at regular rates and will not be eligible for the dividends-received deduction generally allowed to domestic corporations
in respect of dividends received from other domestic corporations. With respect to non-corporate U.S. Holders, dividends generally
will be taxed at the lower applicable long-term capital gains rate (see “— Gain or Loss on Sale, Taxable Exchange or Other Taxable Disposition of Class A Ordinary Shares and Warrants” below) only if (i) our Class A ordinary
shares are readily tradable on an established securities market in the United States, (ii) we are