Company: CGCT
Filing Date: 2025-01-29
Form Type: S-1
Source: 0001104659-25-006780
Chunk: 126

Company: Cartesian Growth Corp III
Filing Date: 2025-01-29
Form: S-1
Chunk 126
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, or (vi) the target’s business itself.

| Public shares                                                                       
 Founder shares                                                                      
 Total shares                                                                        |     |   |  20,000,000 
   5,000,000 
  25,000,000 |
|:------------------------------------------------------------------------------------|:----|:--|------------:|
| Total funds in trust available for initial business combination                     |     | $ | 191,000,000 |
| Public shareholders’ investment per Class A ordinary share(1)                       |     | $ |       10.00 |
| Initial shareholders’ investment per Class B ordinary share(2)                      |     | $ |       0.004 |
| Initial implied value per public share                                              |     | $ |       10.00 |
| Implied value per public share upon consummation of initial business combination(3) |     | $ |        7.64 |

| (1) | While the public shareholders’ investment is in both the public shares and the public warrants, 
 for purposes of this table the full investment amount is ascribed to the public shares only.    |

| (2) | The total investment in the equity of our company by our initial shareholders and Cantor is $6,025,000,                              
 consisting of (i) $25,000 paid by our initial shareholders for the founder shares, (ii) $4,000,000 paid by our sponsor for 4,000,000 
 private placement warrants and (iii) $2,000,000 paid by Cantor for 2,000,000 private placement warrants. For purposes of this table, 
 the full investment amount is ascribed to the founder shares only.                                                                   |

| (3) | All founder shares would automatically convert into Class A ordinary shares upon completion of our                                       
 initial business combination, or earlier at the option of the holder, on a one-for-one basis, subject to adjustment as described herein. |

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Based on these assumptions, each Class A
ordinary share would have an implied value of $7.64 per share upon completion of our initial business combination, representing an approximately
23.6% decrease from the initial implied value of $10.00 per public share. While the implied value of $7.64 per Class A ordinary share
upon completion of our initial business combination would represent a dilution to our public shareholders, this would represent a significant
increase in value for our initial shareholders relative to the price