Company: CGCT
Filing Date: 2025-03-05
Form Type: S-1/A
Source: 0001104659-25-020969
Chunk: 94

Company: Cartesian Growth Corp III
Filing Date: 2025-03-05
Form: S-1/A
Chunk 94
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 of the completion window nears, which is the deadline for our completion
of an initial business combination. You should consider our independent directors’ potential conflict of interest when deciding
whether to invest in this offering. If you do invest in this offering, you should consider this potential conflict of interest when you
decide whether to redeem your shares at the time of our initial business combination.

We may issue notes or other debt securities, or otherwise incur substantial debt, to complete a business combination, which may adversely affect our leverage and financial condition and thus negatively impact the value of our shareholders’ investment in us.

Although we have no commitments as of the date
of this prospectus to issue any notes or other debt securities, or to otherwise incur outstanding debt following this offering, we may
choose to incur substantial debt to complete our initial business combination. The incurrence of debt could have a variety of negative
effects, including:

| · | 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;   |

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| · | 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;                                                                           |

| · | limitations                                                                                    
 on our flexibility in planning for and reacting to changes in our business and in the industry 
 in which we operate;                                                                           |

| · | increased                                                                                 
 vulnerability to adverse changes in general economic, industry and competitive conditions 
 and adverse changes in government regulation; and                                         |

| · | limitations                                                                                     
 on our ability to borrow additional amounts for expenses, capital expenditures, acquisitions,   
 debt service requirements, execution of our strategy and other purposes and other disadvantages 
 compared to our competitors who have less debt.                                                 |

We may only be able to complete one business combination with