Company: SAC-UN
Filing Date: 2025-08-22
Form Type: DRS
Source: 0002077096-25-000043
Chunk: 45

Company: Safeguard Acquisition Corp.
Filing Date: 2025-08-22
Form: DRS
Chunk 45
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 public shares upon the consummation of our initial business combination. We may be a passive foreign investment company, which could result in adverse U.S. federal income tax consequences to U.S. investors. The Excise Tax could be imposed on redemptions of our ordinary shares if we were to become a “covered corporation” in the future. An investment in our securities, and certain subsequent transactions with respect to our securities, may result in uncertain or adverse U.S. federal income tax consequences for an investor, including uncertainty with respect to the allocation of basis among the components of our units, the tax treatment of a cashless exercise of public warrants and the applicable holding period of our Class A ordinary shares. Our initial business combination and our structure thereafter may not be tax -efficientto our shareholders. As a result of our business combination, our tax obligations may be more complex, burdensome and uncertain. Because we are incorporated in the Cayman Islands, you may face difficulties in protecting your interests, and your ability to protect your rights through the U.S. Federal courts may be limited. Our executive officers, directors, security holders and their respective affiliates may have competitive pecuniary interests that conflict with our interests. The other risks and uncertainties discussed in “Risk Factors” and elsewhere in this prospectus. 40 RISK FACTORS An investment in our securities involves a high degree of risk. You should consider carefully all of the risks described below, together with the other information contained in this prospectus, before making a decision to invest in our units. If any of the following events occur, our business, financial condition and operating results may be materially adversely affected. In that event, the trading price of our securities could decline, and you could lose all or part of your investment. Risks Relating to our Search for, and Consummation of, or Inability to Consummate, a Business Combination Our shareholders may not be afforded an opportunity to vote on our proposed initial business combination, which means we may complete our initial business combination even though a majority of our shareholders do not support such a combination. We may not hold a shareholder vote to approve our initial business combination unless the business combination would require shareholder approval under applicable Cayman Islands law or stock exchange listing requirements or if we decide to hold a shareholder vote for business or other reasons. For instance, NYSE rules currently allow us to engage in a tender offer in lieu of a shareholder meeting but would still require us to obtain shareholder approval if we were seeking to issue more than 15% of our issued