Company: SAC-UN
Filing Date: 2025-11-06
Form Type: S-1
Source: 0001213900-25-106802
Chunk: 238

Company: Safeguard Acquisition Corp.
Filing Date: 2025-11-06
Form: S-1
Chunk 238
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 at the same per -shareprice that our sponsor purchased such shares, or approximately $0.003 per share, resulting in our sponsor holding 7,541,667 founder shares. The number of founder shares issued was determined based on the expectation that such founder shares would represent 25.0% of the issued and outstanding shares (excluding the private placement shares included in the private placement units) upon completion of this offering. If we increase or decrease the size of this offering, we will effect a share capitalization or a share surrender or other appropriate mechanism, as applicable, with respect to our Class B ordinary shares immediately prior to the consummation of the offering in such amount as to maintain the ownership of our sponsor and our management team (and their permitted transferees, if any) at 25.0% of the issued and outstanding ordinary shares (excluding the private placement shares included in the private placement units) upon the consummation of this offering which may result in the issuance of additional Class B ordinary shares to our sponsor and accordingly, may result in a material dilution of our public shareholders’ equity interests. Up to 1,000,000 founder shares held by our sponsor are subject to forfeiture by our sponsor depending on the extent to which the underwriters’ over -allotmentoption is exercised. The founder shares (including the Class A ordinary shares issuable upon exercise thereof) may not, subject to certain limited exceptions, be transferred, assigned or sold by the holder. Our sponsor has committed, pursuant to a written agreement, to purchase 440,000 private placement units (or 470,000 private placement units if the over -allotmentoption is exercised in full) for a purchase price of $10.00 per share in a private placement that will occur simultaneously with the closing of this offering. As such, our sponsor’s interest in this transaction is valued at between $4,400,000 and $4,700,000, depending on the number of private placement units purchased. The private placement units and their underlying securities may not, subject to certain limited exceptions, be transferred, assigned or sold by their respective holders. As more fully discussed in the section of this prospectus entitled “ Management — Conflicts of Interest,” if any of our officers or directors becomes aware of a business combination opportunity that falls within the line of business of any entity to which he or she has then -currentfiduciary or contractual obligations, he or she will honor his or her fiduciary or contractual obligations to present such