Company: CGCT
Filing Date: 2025-01-29
Form Type: S-1
Source: 0001104659-25-006780
Chunk: 325

Company: Cartesian Growth Corp III
Filing Date: 2025-01-29
Form: S-1
Chunk 325
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 shares or warrants. If you are such an individual, you should consult your tax advisor regarding the United States federal
income tax consequences of the acquisition, ownership and disposition of our securities.

The characterization for United States federal
income tax purposes of distributions of cash or other property on a Non-U.S. Holder’s Class A ordinary shares generally
will correspond to the United States federal income tax characterization of such distributions of a U.S. Holder’s Class A
ordinary shares, as described under “— U.S. Holders — Taxation of Distributions” above.

Dividends (including, as described under “— U.S. Holders — Possible Constructive Distributions” above, constructive distributions treated as dividends) paid or deemed paid to a Non-U.S. Holder
in respect of our Class A ordinary shares or warrants generally will not be subject to United States federal income tax, unless
the dividends are effectively connected with the Non-U.S. Holder’s conduct of a trade or business within the United States
(and, if required by an applicable income tax treaty, are attributable to a permanent establishment or fixed base that such Non-U.S. Holder
maintains in the United States) as discussed below. In addition, a Non-U.S. Holder generally will not be subject to United States
federal income tax on any gain attributable to a sale or other disposition of our Class A ordinary shares or warrants unless such
gain is effectively connected with its conduct of a trade or business in the United States (and, if required by an applicable income
tax treaty, is attributable to a permanent establishment or fixed base that such Non U.S. Holder maintains in the United States)
as discussed below.

Dividends (including, as described under “— U.S. Holders — Possible Constructive Distributions” above, constructive distributions treated as dividends) and gains that are “effectively connected”
with the Non-U.S. Holder’s conduct of a trade or business in the United States (and, if required by an applicable income
tax treaty, are attributable to a permanent establishment or fixed base in the United States) generally will be subject to United States
federal income tax at the same regular United States federal income tax rates applicable to a comparable U.S. Holder and, in
the case of a Non-U.S. Holder that is a corporation for United States federal income tax purposes, also may be subject to an
additional branch profits tax at a 30% rate or a lower applicable tax treaty rate.

The United States federal income tax