Company: CGCT
Filing Date: 2025-01-29
Form Type: S-1
Source: 0001104659-25-006780
Chunk: 157

Company: Cartesian Growth Corp III
Filing Date: 2025-01-29
Form: S-1
Chunk 157
---
 to the underwriters for deferred underwriting commissions to be placed in a U.S.-based 
 trust account and released to Cantor Fitzgerald & Co. for its own account only upon the completion of an initial business combination.      
 See also “Underwriting” for a description of compensation and other items of value payable to the underwriters.                             |

| (3) | If we seek shareholder approval of our initial business combination                                                                    
 and we do not conduct redemptions in connection with our initial business combination pursuant to the tender offer rules, our initial  
 shareholders, directors, officers or their affiliates may purchase shares or public warrants in privately negotiated transactions or   
 in the open market either prior to or following the completion of our initial business combination. In the event of any such purchases 
 of our shares prior to the completion of our initial business combination, the number of ordinary shares subject to redemption will be 
 reduced by the amount of any such purchases, increasing the pro forma net tangible book value per share. See “Effecting Our            
 Initial Business Combination — Permitted Purchases of Our Securities.”                                                                 |

<div align='center'>86

Capitalization</div>

The following table sets forth our capitalization
at December 31, 2024, and as adjusted to give effect to the filing of our amended and restated memorandum and articles of association,
the sale of our units in this offering and the sale of the private placement warrants and the application of the estimated net proceeds
derived from the sale of such securities, assuming no exercise by the underwriters of their over-allotment option:

|                                                                                                                                                                          |     | December 31, 2024 |         |   |     |             |             |   |
|:-------------------------------------------------------------------------------------------------------------------------------------------------------------------------|:----|:------------------|--------:|:--|:----|:------------|------------:|:--|
|                                                                                                                                                                          |     | Actual            |         |   |     | As Adjusted |             |   |
| Notes payable to related party(1)                                                                                                                                        |     | $                 |  41,626 |   |     | $           |           — |   |
| Deferred underwriting commissions                                                                                                                                        |     |                   |       — |   |     |             |   9,000,000 |   |
| Class A ordinary shares, subject to redemption, 0 and 20,000,000 shares which are subject to possible redemption, actual and as adjusted, respectively(2)                |     |                   |       — |   |