Company: CGCT
Filing Date: 2025-03-21
Form Type: S-1/A
Source: 0001104659-25-026623
Chunk: 305

Company: Cartesian Growth Corp III
Filing Date: 2025-03-21
Form: S-1/A
Chunk 305
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 federal income tax consequences different from those discussed below. Furthermore,
this discussion does not address any aspect of United States federal non-income tax laws, such as gift or estate tax laws, or state,
local or non-United States tax laws.

We have not sought, and do not expect to seek,
a ruling from the IRS as to any United States federal income tax consequence described herein. The IRS may disagree with the discussion
herein, and its determination may be upheld by a court. Moreover, there can be no assurance that future legislation, regulations, administrative
rulings or court decisions will not adversely affect the accuracy of the statements in this discussion.

If a partnership (or other entity or arrangement
classified as a partnership or other pass-through entity for United States federal income tax purposes) is the beneficial owner
of our securities, the United States federal income tax treatment of a partner, member or beneficial owner in such partnership or
other pass-through entity generally will depend on the status of the partner, member or other beneficial owner and the activities of
the partnership or other pass-through entity. Partners, members or other beneficial owners of a partnership or other pass-through entity
holding our securities are urged to consult their own tax advisors regarding the tax consequences of the acquisition, ownership and disposition
of our securities.

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THIS DISCUSSION IS ONLY A SUMMARY OF CERTAIN
UNITED STATES FEDERAL INCOME TAX CONSIDERATIONS ASSOCIATED WITH THE ACQUISITION, OWNERSHIP AND DISPOSITION OF OUR SECURITIES. EACH
PROSPECTIVE INVESTOR IN OUR SECURITIES IS URGED TO CONSULT ITS OWN TAX ADVISOR WITH RESPECT TO THE PARTICULAR TAX CONSEQUENCES TO SUCH
INVESTOR OF THE ACQUISITION, OWNERSHIP AND DISPOSITION OF OUR SECURITIES, INCLUDING THE APPLICABILITY AND EFFECT OF ANY UNITED STATES
FEDERAL NON-INCOME, STATE, LOCAL, AND NON-UNITED STATES TAX LAWS.

Allocation of Purchase Price and Characterization of a Unit

No statutory, administrative or judicial authority
directly addresses the treatment of a unit or any instrument similar to a unit for United States federal income tax purposes, and
therefore, that treatment is not entirely clear. The acquisition of a unit should be treated for United States federal income tax
purposes as the acquisition of one Class A ordinary share and one-half of one warrant, and we intend to treat the acquisition of
a unit in