Company: CGCT
Filing Date: 2025-03-05
Form Type: S-1/A
Source: 0001104659-25-020969
Chunk: 124

Company: Cartesian Growth Corp III
Filing Date: 2025-03-05
Form: S-1/A
Chunk 124
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 As a result, the value of your public shares may be significantly diluted
upon the consummation of our initial business combination, when the founder shares are converted into public shares.

The following table shows the public shareholders’
and our initial shareholders’ investment per share and how these compare to the implied value of one Class A ordinary share
upon the completion of our initial business combination. The following table assumes that (i) our valuation is $191,000,000 (which
is the amount we would have in the trust account for our initial business combination assuming the underwriters’ over-allotment option
is not exercised and following payment of the underwriters’ deferred fee), (ii) no interest is earned on the funds held in
the trust account, (iii) no public shares are redeemed in connection with our initial business combination and (iv) all founder
shares are held by our initial shareholders upon completion of our initial business combination, and does not take into account other
potential impacts on our valuation at the time of the initial business combination, such as (i) the value of our public warrants
and private placement warrants, (ii) the trading price of our Class A ordinary shares, (iii) the initial business combination
transaction costs (other than the payment of $9,000,000 of deferred underwriting commissions), (iv) any equity issued or cash paid
to the target’s sellers, (v) any equity issued to other third party investors, or (vi) the target’s business itself.

| Public shares                                                               
 Founder shares                                                              
 Total shares                                                                |     |   |  20,000,000 
   5,000,000 
  25,000,000 |
|:----------------------------------------------------------------------------|:----|:--|------------:|
| Total funds in trust                                                        
 available for initial business combination                                  |     | $ | 191,000,000 |
| Public                                                                      
 shareholders’ investment per Class A ordinary share(1)                      |     | $ |       10.00 |
| Initial                                                                     
 shareholders’ investment per Class B ordinary share(2)                      |     | $ |       0.004 |
| Initial implied value per public share                                      |     | $ |       10.00 |
| Implied                                                                     
 value per public share upon consummation of initial business combination(3) |     | $ |        7.64 |

| (1) | While the public shareholders’ investment                                                 
 is in both the public shares and