Company: SAC-UN
Filing Date: 2025-08-22
Form Type: DRS
Source: 0002077096-25-000043
Chunk: 144

Company: Safeguard Acquisition Corp.
Filing Date: 2025-08-22
Form: DRS
Chunk 144
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 and the private placement units, and the public shareholders, and (ii) that was used determine the net tangible book value per share, as presented in this section:

|                            |     | SHARES PURCHASED 
           NUMBER |     | PERCENTAGE |   |     | AMOUNT |             |     |         TOTAL 
 CONSIDERATION 
    PERCENTAGE |   |     | AVERAGE PRICE 
 PER SHARE     |       |
|:---------------------------|:----|-----------------:|:----|-----------:|:--|:----|:-------|------------:|:----|--------------:|:--|:----|:--------------|------:|
| Class B Ordinary Shares(1) |     |        6,666,667 |     |      24.41 | % |     | $      |      25,000 |     |          0.01 | % |     | $             | 0.004 |
| Private Placement Units(2) |     |          640,000 |     |       2.34 | % |     |        |   6,400,000 |     |          3.10 | % |     | $             | 10.00 |
| Public Shareholders        |     |       20,000,000 |     |      73.25 | % |     |        | 200,000,000 |     |         96.89 | % |     | $             | 10.00 |
|                            |     |       27,306,667 |     |     100.00 | % |     | $      | 206,425,000 |     |        100.00 | % |     |               |       |

____________ (1)Assumes no exercise of the underwriters’ over -allotmentoption and the corresponding forfeiture of 1,000,000 Class B ordinary shares held by our sponsor. (2)Includes 640,000 private placement units purchased by our sponsor and the underwriters in a private placement simultaneously with the closing of this offering.

95

CAPITALIZATION The following table sets forth our capitalization at July 23, 2025, and as adjusted to give effect to the filing of our amended and restated memorandum and articles of association, the sale of our Class A ordinary shares included in the units sold in this offering and the private placement shares included in the private placement units sold concurrently with the consummation of