Company: SAC-UN
Filing Date: 2025-08-22
Form Type: DRS
Source: 0002077096-25-000043
Chunk: 310

Company: Safeguard Acquisition Corp.
Filing Date: 2025-08-22
Form: DRS
Chunk 310
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 integral part of these financial statements.

F-5

SAFEGUARD ACQUISITION CORP.
STATEMENT OF CASH FLOWS

|                                                                                         |     | FOR THE       
 PERIOD FROM   
 JUNE 27, 2025 
 (INCEPTION)   
 THROUGH       
 JULY 23, 2025 |         |   |
|:----------------------------------------------------------------------------------------|:----|:--------------|--------:|:--|
| Cash Flows from Operating Activities:                                                   |     |               |         |   |
| Net loss                                                                                |     | $             | (16,909 | ) |
| Payment of operating expenses through promissory note – related party                   |     |               |  10,558 |   |
| Changes in operating liabilities:                                                       |     |               |         |   |
| Accrued expenses                                                                        |     |               |   6,351 |   |
| Net cash used in operating activities                                                   |     |               |       — |   |
| Net change in cash                                                                      |     |               |       — |   |
| Cash – beginning of the period                                                          |     |               |       — |   |
| Cash – end of the period                                                                |     | $             |       — |   |
| Supplemental disclosure of noncash investing and financing activities:                  |     |               |         |   |
| Issuance of founder shares in exchange for prepaid expenses and deferred offering costs |     | $             |  25,000 |   |
| Prepaid expenses paid through promissory note – related party                           |     | $             |  15,450 |   |
| Deferred offering costs included in accrued offering costs                              |     | $             |  13,600 |   |

The accompanying notes are an integral part of these financial statements.

F-6 SAFEGUARD ACQUISITION CORP. NOTES TO FINANCIAL STATEMENTS July 23, 2025 Note 1 — Description of Organization and Business Operations Safeguard Acquisition Corp. (the “Company”) is a newly organized blank check company incorporated as a Cayman Islands exempted company and formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities (the “Business Combination”). The Company has not selected any specific Business Combination target and the Company has not, nor has anyone on its behalf, engaged in any substantive discussions, directly or indirectly, with