Company: CGCT
Filing Date: 2025-03-21
Form Type: S-1/A
Source: 0001104659-25-026623
Chunk: 56

Company: Cartesian Growth Corp III
Filing Date: 2025-03-21
Form: S-1/A
Chunk 56
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 would likely      
 receive less interest on the funds held in the trust account, which would likely reduce the   
 dollar amount our public shareholders would receive upon any redemption or liquidation.       |

| · | If                                                                                             
 we are deemed to be an investment company under the Investment Company Act, we may be required 
 to institute burdensome compliance requirements and our activities may be restricted, which    
 may make it difficult for us to complete our initial business combination.                     |

| · | Changes                                                                                     
 in laws or regulations, or a failure to comply with any laws and regulations, may adversely 
 affect our business, including our ability to negotiate and complete our initial business   
 combination, and results of operations.                                                     |

| · | Our                                                                                              
 search for an initial business combination, and any target business with which we may ultimately 
 consummate an initial business combination, may be materially adversely affected by current      
 global geopolitical conditions resulting from the ongoing Russia-Ukraine conflict and the        
 recent escalation of the conflict in the Middle East and Southwest Asia.                         |

| · | Military                                                                                       
 or other conflicts in Ukraine, the Middle East and Southwest Asia or elsewhere may lead to     
 increased volume and price volatility for publicly traded securities, or affect the operations 
 or financial condition of potential target companies, which could make it more difficult       
 for us to consummate an initial business combination.                                          |

| · | An                                                                                        
 investment in this offering may result in uncertain U.S. federal income tax consequences. |

| · | The                                                                             
 other risks and uncertainties discussed in “Risk Factors” and elsewhere in this 
 prospectus.                                                                     |

<div align='center'>38

Risk Factors</div>

An investment in our securities involves a high
degree of risk. You should consider carefully all of the risks described below, together with the other information contained in this
prospectus, before making a decision to invest in our units. If any of the following events occur, our business, financial condition
and operating results may be materially adversely affected. In that event, the trading price of our securities could decline, and you
could lose all or part of your investment.

Risks Relating to our Search for, and Consummation of or Inability to Consummate, a Business Combination

Our independent registered public accounting firm’s report contains an explanatory paragraph that expresses substantial doubt about our ability to continue as a “going concern.”

As of December 31, 2024, we had a working
capital deficit of $281,296 (excluding deferred offering costs). Further,