Company: SAC-UN
Filing Date: 2025-08-22
Form Type: DRS
Source: 0002077096-25-000043
Chunk: 309

Company: Safeguard Acquisition Corp.
Filing Date: 2025-08-22
Form: DRS
Chunk 309
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 per ordinary share                       |     | $             |     (0.00 | ) |

____________ (1) This number excludes an aggregate of up to 1,000,000 Class B ordinary shares subject to forfeiture if the over -allotment option is not exercised in full or in part by the underwriters (see Note 4 and 6). The accompanying notes are an integral part of these financial statements.

F-4

SAFEGUARD ACQUISITION CORP.
STATEMENT OF CHANGES IN SHAREHOLDER’S EQUITY
FOR THE PERIOD FROM JUNE 27, 2025 (INCEPTION) THROUGH JULY 23, 2025

| SHARES                              
 Balance – June 27, 2025 (inception) |     | ORDINARY SHARES 
         CLASS B 
          AMOUNT 
               — |     |   |   — |     | ADDITIONAL 
 PAID-IN    
 CAPITAL    |      — |     | ACCUMULATED 
 DEFICIT     | —       |   |     | TOTAL         
 SHAREHOLDER’S 
 EQUITY        |       — |   |
|:------------------------------------|:----|----------------:|:----|:--|----:|:----|:-----------|-------:|:----|:------------|:--------|:--|:----|:--------------|--------:|:--|
| Issuance of Class B                 
 ordinary shares(1)                  |     |       7,666,667 |     |   | 767 |     |            | 24,233 |     |             | —       |   |     |               |  25,000 |   |
| Net loss                            |     |               — |     |   |   — |     |            |      — |     |             | (16,909 | ) |     |               | (16,909 | ) |
| Balance – July 23, 2025             |     |       7,666,667 |     | $ | 767 |     | $          | 24,233 |     | $           | (16,909 | ) |     | $             |   8,091 |   |

____________ (1) This number includes up to 1,000,000 Class B ordinary shares subject to forfeiture if the over -allotment option is not exercised in full or in part by the underwriters (see Note 4 and 6). The accompanying notes are an