Company: SAC-UN
Filing Date: 2025-08-22
Form Type: DRS
Source: 0002077096-25-000043
Chunk: 52

Company: Safeguard Acquisition Corp.
Filing Date: 2025-08-22
Form: DRS
Chunk 52
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 compares to the implied value of one of our shares upon the consummation of our initial business combination if at that time we were valued at $200,000,000, which is the amount we would have for our initial business combination in the trust account assuming the underwriters’ over -allotmentoption is not exercised, the corresponding forfeiture of an aggregate of 1,000,000 founder shares held by our sponsor, no interest is earned on the funds held in the trust account, and no public shares are redeemed in connection with our initial business combination. At such valuation, each of our ordinary shares would have an implied value of approximately $7.32 per share, which is an approximately 27% decrease as compared to the initial implied value per public share of $10.00.

| Public shares included in public units                             |     |   |  20,000,000 |
| Founder shares                                                     |     |   |   6,666,667 |
| Private placement shares included in private placement units       |     |   |     640,000 |
| 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