Company: CGCT
Filing Date: 2025-04-14
Form Type: S-1/A
Source: 0001104659-25-034635
Chunk: 304

Company: Cartesian Growth Corp III
Filing Date: 2025-04-14
Form: S-1/A
Chunk 304
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 received (or deemed received) by a holder in consideration for the sale
or other disposition of our securities will be in U.S. dollars.

This discussion does not address the United States
federal income tax consequences to our founders, sponsors, officers or directors, or to holders of our founder shares or private placement
warrants. This discussion is a summary only and does not describe all of the tax consequences that may be relevant to the acquisition,
ownership and disposition of a unit by a prospective investor in light of its particular circumstances, including but not limited to,
the alternative minimum tax, the Medicare tax on net investment income and the different consequences that may apply to investors that
are subject to special rules under U.S. federal income tax laws, including but not limited to:

| · | banks,                                                 
 financial institutions or financial services entities; |

| · | broker-dealers; |

| · | taxpayers                                                    
 that are subject to the mark-to-market tax accounting rules; |

| · | tax-exempt 
 entities;  |

| · | governments                               
 or agencies or instrumentalities thereof; |

| · | insurance  
 companies; |

| · | regulated             
 investment companies; |

| · | real                      
 estate investment trusts; |

| · | expatriates                                         
 or former long-term residents of the United States; |

| · | except                                                                                   
 as specifically provided below, persons that actually or constructively own five percent 
 or more (by vote or value) of our shares;                                                |

| · | persons                                                                                       
 that acquired our securities pursuant to an exercise of employee share options, in connection 
 with employee share incentive plans or otherwise as compensation;                             |

| · | persons                                                                                         
 that hold our securities as part of a straddle, constructive sale, hedge, wash sale, conversion 
 or other integrated or similar transaction;                                                     |

| · | U.S. Holders                                      
 whose functional currency is not the U.S. dollar; |

| · | controlled            
 foreign corporations; |

| · | passive                           
 foreign investment companies; and |

| · | partnerships                                                                               
 (or entities or arrangements classified as partnerships or other pass-through entities for 
 U.S. federal income tax purposes) and any beneficial owners of such partnerships.          |

Moreover, the discussion below is based upon
the provisions of the Code, the Treasury regulations promulgated thereunder and administrative and judicial interpretations thereof,
all as of the date hereof, and such provisions may be repealed, revoked, modified or subject to differing interpretations, possibly on
a