Company: SAC-UN
Filing Date: 2025-11-06
Form Type: S-1
Source: 0001213900-25-106802
Chunk: 168

Company: Safeguard Acquisition Corp.
Filing Date: 2025-11-06
Form: S-1
Chunk 168
---
5 were $0.0054 and $0.0012, respectively. Frank Bachinsky, our Chief Operating Officer, was the founder and Chief Executive Officer of ONS Acquisition Corp. (“ONS”) from March 2020 to March 2021. On August21, 2023, the SEC declared its registration statement abandoned for ONS’s failure to timely amend or withdraw the registration statement. Our directors and officers, or their respective affiliates, may in the future become affiliated with other SPACs that may have acquisition objectives that are similar to ours. See “ Risk Factors — Risks Relating to our Sponsor and Management Team — Our officers and directors presently have, and any of them in the future may have additional, fiduciary or contractual obligations to other entities, possibly including other blank check companies, and, accordingly, may have conflicts of interest in allocating their time and in determining to which entity a particular business opportunity should be presented.” 108 Business Strategy and Target Industries We believe there is a significant growth opportunity in the global defense sector, driven by sustained increases in Department of Defense (“DoD”) funding and a renewed focus on modernization and strategic deterrence, both with the U.S. military and its allies. Several macro -leveldevelopments are catalyzing this growth. The ongoing war in Ukraine, rising instability in the Middle East, and long -termstrategic competition with China and Russia have prompted a global reassessment of defense priorities. In response, the U.S. DoD and allied governments are significantly increasing defense budgets, with a focus on modernization, deterrence, and readiness. A landmark NATO agreement now commits all member states to increase pure -defensespending to 3.5% of GDP by 2035, representing a substantial long -termtailwind for the defense sector and reinforcing the durability of this investment cycle. The enacted U.S. DoD budget has grown each of the last eight years, reaching $842 billion in fiscal year 2024. While the fiscal year 2025 requested budget of $850 billion represents a modest ~1% increase over the prior year, the One Big Beautiful Bill Act (“OBBB”) outlines a fiscal year 2026 DoD budget of $962 billion, reflecting a ~13% year -over-yearincrease when reconciliations are included. This continued upward trajectory underscores the federal government’s commitment to strengthening national defense capabilities. We anticipate that the current administration’s early actions will mirror the previous Trump Administration, under which the enacted DoD budget