Company: CGCT
Filing Date: 2025-03-05
Form Type: S-1/A
Source: 0001104659-25-020969
Chunk: 338

Company: Cartesian Growth Corp III
Filing Date: 2025-03-05
Form: S-1/A
Chunk 338
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 the Company’s
internal control over financial reporting. Accordingly, we express no such opinion.

Our audit included performing procedures to assess
the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond
to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial
statements. Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as
evaluating the overall presentation of the financial statements. We believe that our audit provides a reasonable basis for our opinion.

/s/ CBIZ CPAs P.C.

We have served as the Company’s auditor since 2025.

Houston, Texas
January 28, 2025

<div align='center'>F-2

Cartesian Growth Corporation IIIBALANCE SHEET</div>

|                                                                                                              |     | December 31, 
 2024         |         |   |
|:-------------------------------------------------------------------------------------------------------------|:----|:-------------|--------:|:--|
| Assets:                                                                                                      |     |              |         |   |
| Prepaid                                                                                                      
 expenses – current asset                                                                                     |     | $            |   3,202 |   |
| Deferred                                                                                                     
 offering costs                                                                                               |     |              | 263,676 |   |
| Total                                                                                                        
 Assets                                                                                                       |     | $            | 266,878 |   |
| Liabilities and                                                                                              
 Shareholders’ Deficit:                                                                                       |     |              |         |   |
| Accrued offering expenses                                                                                    |     | $            | 242,872 |   |
| Promissory                                                                                                   
 note – related party                                                                                         |     |              |  41,626 |   |
| Total                                                                                                        
 Current Liabilities                                                                                          |     |              | 284,498 |   |
| Commitments and                                                                                              
 Contingencies (Note 6)                                                                                       |     |              |         |   |
| Shareholders’                                                                                                
 Deficit                                                                                                      |     |              |         |   |
| Preference shares,                                                                                           
 $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding                                   |     |              |       — |   |
| Class A ordinary                                                                                             
 shares, $0.0001 par value; 200,000,000 shares authorized; none issued or outstanding                         |     |              |       — |   |
| Class B                                                                                                      
 ordinary