Company: SAC-UN
Filing Date: 2025-11-06
Form Type: S-1
Source: 0001213900-25-106802
Chunk: 60

Company: Safeguard Acquisition Corp.
Filing Date: 2025-11-06
Form: S-1
Chunk 60
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000 |
| Total shares                                                       |     |   |  27,306,667 |
| Total funds in trust available for initial business combination(1) |     | $ | 200,000,000 |
| Implied value per share                                            |     |   |        7.32 |
| Public shareholders’ investment per share                          |     | $ |       10.00 |
| Sponsor’s average investment per share(2)                          |     | $ |       0.623 |

____________ (1)Does not take into account other potential impacts on our valuation at the time of the business combination, such as the trading price of our public shares, the business combination transaction costs (including payment of $8,000,000 of deferred underwriting commissions), any equity issued or cash paid to the target’s sellers or other third parties, or the target’s business itself, including its assets, liabilities, management and prospects. (2)The sponsor’s total investment in the equity of the company, inclusive of the founder shares and the sponsor’s $4,400,000 investment in the private placement units, is $4,425,000. While the implied value of our public shares may be diluted, the implied value of approximately $7.32 per share would represent a significant implied profit for our sponsor relative to the initial purchase price of the founder shares. Our sponsor has committed to invest an aggregate of $4,425,000 in us in connection with this offering, comprised of the $25,000 purchase price for the founder shares and the $4,400,000 purchase price for the private placement units. At $7.32 per share, the 6,666,667 founder shares would have an aggregate implied value of $48,800,000 and the 440,000 private placement units would have an implied value of $3,220,800. As a result, even if the trading price of our public units or Class A ordinary shares significantly declines, our sponsor will stand to make significant profit on its investment in us. In addition, our sponsor could potentially recoup its entire investment in us, assuming it retains after closing of our initial business combination 6,666,667 Class A ordinary shares with respect to its 6,666,667 founder shares and 440,000 private placement units, even if the trading price of our public units

47 or Class A ordinary shares were as low as approximately $0.62 per share. As a result, our sponsor is likely to make a