Company: SAC-UN
Filing Date: 2025-11-06
Form Type: S-1
Source: 0001213900-25-106802
Chunk: 85

Company: Safeguard Acquisition Corp.
Filing Date: 2025-11-06
Form: S-1
Chunk 85
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 than one -to-oneat the time of our initial business combination as a result of the anti -dilutionprovisions as set forth herein. However, our amended and restated memorandum and articles of association will provide, among other things, that prior to the completion of our initial business combination, we may not issue additional shares that would entitle the holders thereof to (i) receive funds from the trust account or (ii) vote as a class with our public shares (a) on our initial business combination or on any other proposal presented to shareholders prior to or in connection with the completion of an initial business combination or (b) to approve an amendment to our amended and restated memorandum and articles of association to (x) extend the time we have to consummate a business combination beyond 24 months from the closing of this offering or (y) amend the foregoing provisions. These provisions of our amended and restated memorandum and articles of association, like all provisions of our amended and restated memorandum and articles of association, may be amended with a shareholder vote. The issuance of additional ordinary or preference shares: •may significantly dilute the equity interest of investors in this offering, which dilution would increase if the anti -dilutionprovisions in the Class B ordinary shares resulted in the issuance of Class A ordinary shares on a greater than one -to-onebasis upon conversion of the Class B ordinary shares; •may subordinate the rights of holders of Class A ordinary shares if preference shares are issued with rights senior to those afforded to Class A ordinary shares; •could cause a change in control if a substantial number of Class A ordinary shares are issued, which may affect, among other things, the post -businesscombination company’s ability to use its net operating loss carry forwards, if any, and could result in the resignation or removal of officers and directors; 60 •may have the effect of delaying or preventing a change of control of the post -businesscombination company by diluting the share ownership or voting rights of a person seeking to obtain control of the post -businesscombination company; •may adversely affect prevailing market prices for our units, Class A ordinary shares and/or warrants; and •may not result in adjustment to the exercise price of our warrants. For more information on additional financing that we may raise in connection with our business combination and risks related thereto, also see “— We may issue shares to investors in connection with our initial business combination at a price which is less than $10.00 or the prevailing market price of our shares at