Company: CGCT
Filing Date: 2025-04-14
Form Type: S-1/A
Source: 0001104659-25-034635
Chunk: 32

Company: Cartesian Growth Corp III
Filing Date: 2025-04-14
Form: S-1/A
Chunk 32
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 business combination, if cash on hand is insufficient, we may need to obtain additional financing
in order to meet our obligations.

Initial Shareholders Information

Our sponsor is a Cayman Islands limited liability
company, which was recently formed to invest in our company. DirectorCo is also a Cayman Islands limited liability company, which was
recently formed to hold founder shares, including for the benefit of our independent directors as described below. Each of our sponsor
and DirectorCo is permitted to undertake any activities permitted under the LLC Act and other applicable law; however, our sponsor’s
business is focused on investing in our company, and DirectorCo’s business is solely to hold our securities as described above.
Our sponsor is the sole managing member of DirectorCo. Pangaea Three-B, LP is the sole member of our sponsor and is controlled by Peter
Yu, our Chairman and Chief Executive Officer. Consequently, each of Pangaea Three-B, LP and Mr. Yu may be deemed to share voting
and dispositive control over the founder shares held by our sponsor and DirectorCo, and thus to share beneficial ownership of such securities.
As of the date of this prospectus, no other person has a direct or indirect material interest in our sponsor. In addition, each of our
independent directors will receive for their services as directors an indirect interest in 30,000 founder shares through membership interests
in DirectorCo.

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The following table sets forth the payments to be received by our initial shareholders and their affiliates from us prior to or in connection with the completion of our initial business combination and the securities issued and to be issued by us to our initial shareholders or their affiliates:

| Entity/Individual                                                             |     | Amount                                                                                                                              
 of Compensation to be Received or                                                                                                   
 Securities Issued or to be Issued                                                                                                   |     |                                                                                                                       Consideration 
                                                                                                                  Paid or to be Paid |
| CGC III Sponsor LLC                                                           |     | $10,000 per month                                                                                                                   |     |                                                                                                             Office space, utilities 
                                                                                          and secretarial and administrative support |
|                                                                               |     | 5,650,000 Class B ordinary shares                                                                                                   
 (up to 750,000 of which are subject to forfeiture to the extent the underwriters’ over-allotment option is not exercised in         
 full)                                                                                                                               |     |                                                                                                               Approximately $24,565 |
|                                                                               |     | 4,000,000 private placement                                                                                                         
 warrants to be purchased simultaneously