Company: CGCT
Filing Date: 2025-04-14
Form Type: S-1/A
Source: 0001104659-25-034635
Chunk: 161

Company: Cartesian Growth Corp III
Filing Date: 2025-04-14
Form: S-1/A
Chunk 161
---
 issued to
bank or other lenders or the owners of the target, other securities issuances, or a combination of the foregoing.

The issuance of additional shares in connection
with a business combination to the owners of the target or other investors:

| · | may                                                                                          
 significantly dilute the equity interest of investors in this offering, which dilution would 
 increase if the anti-dilution provisions in the Class B ordinary shares resulted in          
 the issuance of Class A ordinary shares on a greater than one-to-one basis upon conversion   
 of the Class B ordinary shares;                                                              |

| · | may                                                                                   
 subordinate the rights of holders of Class A ordinary shares if preference shares are 
 issued with rights senior to those afforded our Class A ordinary shares;              |

| · | could                                                                                         
 cause a change in control if a substantial number of our Class A ordinary shares are          
 issued, which may affect, among other things, our ability to use our net operating loss carry 
 forwards, if any, and could result in the resignation or removal of our present officers      
 and directors;                                                                                |

| · | may                                                                                       
 have the effect of delaying or preventing a change of control of us by diluting the share 
 ownership or voting rights of a person seeking to obtain control of us; and               |

| · | may                                                                                        
 adversely affect prevailing market prices for our Class A ordinary shares and/or warrants. |

Similarly, if we issue debt securities or otherwise
incur significant debt to bank or other lenders or the owners of a target, it could result in:

| · | default                                                                                       
 and foreclosure on our assets if our operating revenues after an initial business combination 
 are insufficient to repay our debt obligations;                                               |

| · | acceleration                                                                                     
 of our obligations to repay the indebtedness even if we make all principal and interest payments 
 when due if we breach certain covenants that require the maintenance of certain financial        
 ratios or reserves without a waiver or renegotiation of that covenant;                           |

| · | our                                                                                      
 immediate payment of all principal and accrued interest, if any, if the debt security is 
 payable on demand;                                                                       |

| · | our                                                                                        
 inability to obtain necessary additional financing if the debt security contains covenants 
 restricting our ability to obtain such financing while the debt security is outstanding;   |

| · | using                                                                                         
 a substantial portion of our cash flow to pay principal and interest on our debt, which will  
 reduce the funds available for expenses, capital expenditures, acquisitions and other general 
 corporate purposes;                                                                           |

<div