Company: SAC-UN
Filing Date: 2025-11-06
Form Type: S-1
Source: 0001213900-25-106802
Chunk: 237

Company: Safeguard Acquisition Corp.
Filing Date: 2025-11-06
Form: S-1
Chunk 237
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, the letter agreement in which the transfer restrictions are included and whether and when our sponsor may sell securities, please see “ Proposed Business — Initial Business Combination” and “ Securities Eligible for Future Sale.” Our letter agreement with our sponsor, officers and directors contains provisions relating to the transfer restrictions described above and may be amended without shareholder approval with our written consent as well as the written consent of the sponsor and our directors and officers to the extent they are the subject of any change, amendment, modification or waiver to the letter agreement. The written consent of Jefferies LLC, as representative of the underwriters, will also be required for an amendment of a provision of the letter agreement that subjects the sponsor and our directors and officers to certain of the restrictions included in the underwriting agreement and pursuant to which the sponsor and our officers and directors agree that, subject to the same exceptions described in the preceding paragraph and certain other exceptions described in the underwriting agreement, for a period of 180 days from the date of this prospectus, they will not, without the prior written consent of Jefferies LLC, as representative of the underwriters, offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, units, warrants, Class A ordinary shares or any other securities convertible into, or exercisable, or exchangeable for, Class A ordinary shares (for more information on the transfer restrictions and the exceptions thereto included in the underwriting agreement, also see “ Underwriting — Contractual Transfer Restrictions in the Letter Agreement and Underwriting Agreement”). While we do not expect our board to approve any amendment to the letter agreement prior to our initial business combination, it may be possible that our board, in exercising its business judgment and subject to its fiduciary duties, chooses to approve one or more amendments to the letter agreement. Any such amendments to the letter agreement would not require approval from our shareholders and may have an adverse effect on the value of an investment in our securities. 154 CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS On July 18, 2025, Safeguard Acquisition Management LLC, our sponsor, paid $25,000 to cover certain expenses on our behalf in exchange for the issuance of 7,666,667 founder shares, or approximately $0.003 per share. In October 2025, our sponsor transferred 25,000 founder shares to each of our independent director nominees (for an aggregate of 100,000 founder shares) and 25,000 founder shares to our Chief Financial Officer