Company: CGCT
Filing Date: 2025-03-05
Form Type: S-1/A
Source: 0001104659-25-020969
Chunk: 161

Company: Cartesian Growth Corp III
Filing Date: 2025-03-05
Form: S-1/A
Chunk 161
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However, if our estimates of the costs of identifying a target business, undertaking in-depth due diligence and negotiating an initial
business combination are less than the actual amount necessary to do so, we may have insufficient funds available to operate our business
prior to our initial business combination. In order to fund working capital deficiencies or finance transaction costs in connection with
an intended initial business combination, our sponsor or an affiliate of our sponsor or certain of our officers and directors may, but
are not obligated to, loan us funds as may be required. If we complete our initial business combination, we would repay such loaned amounts.
In the event that our initial business combination does not close, we may use amounts held outside the trust account to repay such loaned
amounts but no proceeds from our trust account would be used for such repayment. Up to $1,500,000 of such loans may be convertible into
private placement warrants of the post business combination entity at a price of $1.00 per warrant at the option of the lender, which
conversion may result in material dilution to our public shareholders. Such warrants would be identical to the private placement warrants.
The terms of such loans, if any, have not been determined and no written agreements exist with respect to such loans. Prior to the completion
of our initial business combination, we do not expect to seek loans from parties other than our sponsor or an affiliate of our sponsor
as we do not believe third parties will be willing to loan such funds and provide a waiver against any and all rights to seek access
to funds in our trust account.

We expect our primary liquidity requirements
during that period to include approximately $350,000 for legal, accounting, due diligence, travel and other expenses in connection with
any business combination; $175,000 for legal and accounting fees related to regulatory reporting obligations; $81,000 for Nasdaq and
other regulatory fees; $120,000 for office space, utilities and secretarial and administrative support; $375,000 for directors’
and officers’ liability insurance; and approximately $149,000 for working capital to cover miscellaneous expenses and reserves.
See “Use of Proceeds” for more detailed information regarding these estimated expenses.

These amounts are estimates and may differ materially
from our actual expenses. In addition, we could use a portion of the funds not being placed in trust to pay commitment fees for financing,
fees to consultants to assist us with our search for a target business or as a down payment or to fund a “