Company: CGCT
Filing Date: 2025-01-29
Form Type: S-1
Source: 0001104659-25-006780
Chunk: 349

Company: Cartesian Growth Corp III
Filing Date: 2025-01-29
Form: S-1
Chunk 349
---
 |  35,814 |   |
| Formation costs paid                                                               
 through issuance of Class B ordinary shares                                        |     |                  |   6,806 |   |
| Net                                                                                
 cash used in operating activities                                                  |     |                  |       — |   |
| Net change in cash                                                                 |     |                  |       — |   |
| Cash, beginning                                                                    
 of the period                                                                      |     |                  |       — |   |
| Cash, end                                                                          
 of the period                                                                      |     | $                |       — |   |
| Supplemental                                                                       
 disclosure of cash flow information:                                               |     |                  |         |   |
| Deferred                                                                           
 offering costs paid by Sponsor in exchange for issuance of Class B ordinary shares |     | $                |  12,790 |   |
| Deferred                                                                           
 costs included in accrued offering costs                                           |     | $                | 242,872 |   |
| Deferred                                                                           
 offering costs paid through promissory note – related party                        |     | $                |   5,812 |   |
| Deferred                                                                           
 offering costs applied to prepaid expense                                          |     | $                |   2,202 |   |

<div align='center'>The accompanying notes are an integral part of
the financial statements.

F-6

Cartesian Growth Corporation IIINOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2024</div>

Note 1 — Organization and Business Operations

Cartesian Growth Corporation III (the “Company”)
is a blank check company incorporated as a Cayman Islands exempted corporation on October 29, 2024. The Company was incorporated
for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business
combination with one or more businesses or entities (the “Business Combination”). The Company has not selected any specific
Business Combination target, and the Company has not, nor has anyone on its behalf, engaged in any substantive discussions, directly
or indirectly, with any Business Combination target with respect to an initial Business Combination with the Company.

As of December 31, 2024, the Company has
not commenced any operations. All activity for the period from October 29, 2024 (inception) through December 31, 2024 relates
to the Company’s formation and the Proposed Public Offering (as defined below). The Company will not generate any operating revenues
until after the completion of its initial Business