Company: CGCT
Filing Date: 2025-04-14
Form Type: S-1/A
Source: 0001104659-25-034635
Chunk: 164

Company: Cartesian Growth Corp III
Filing Date: 2025-04-14
Form: S-1/A
Chunk 164
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 interest earned on the amount in the trust account will be
sufficient to pay our income taxes, if any. To the extent that our equity or debt is used, in whole or in part, as consideration to complete
our initial business combination, the remaining proceeds held in the trust account will be used as working capital to finance the operations
of the target business or businesses, make other acquisitions and pursue our growth strategies.

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Prior to the completion of our initial business
combination, we will have available to us the approximately $1,250,000 of proceeds held outside the trust account (assuming our offering
expenses are as expected). We will use these funds to primarily identify and evaluate target businesses, perform business due diligence
on prospective target businesses, travel to and from the offices, plants or similar locations of prospective target businesses or their
representatives or owners, review corporate documents and material agreements of prospective target businesses, and structure, negotiate
and complete a business combination.

We do not believe we will need to raise additional
funds following this offering in order to meet the expenditures required for operating our business prior to our initial business combination.
However, if our estimates of the costs of identifying a target business, undertaking in-depth due diligence and negotiating an initial
business combination are less than the actual amount necessary to do so, we may have insufficient funds available to operate our business
prior to our initial business combination. In order to fund working capital deficiencies or finance transaction costs in connection with
an intended initial business combination, our sponsor or an affiliate of our sponsor or certain of our officers and directors may, but
are not obligated to, loan us funds as may be required. If we complete our initial business combination, we would repay such loaned amounts.
In the event that our initial business combination does not close, we may use amounts held outside the trust account to repay such loaned
amounts but no proceeds from our trust account would be used for such repayment. Up to $1,500,000 of such loans may be convertible into
private placement warrants of the post business combination entity at a price of $1.00 per warrant at the option of the lender, which
conversion may result in material dilution to our public shareholders. Such warrants would be identical to the private placement warrants.
The terms of such loans, if any, have not been determined and no written agreements exist with respect to such loans. Prior to the completion
of our initial business combination, we do not expect to