Company: SAC-UN
Filing Date: 2025-11-06
Form Type: S-1
Source: 0001213900-25-106802
Chunk: 329

Company: Safeguard Acquisition Corp.
Filing Date: 2025-11-06
Form: S-1
Chunk 329
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ARD ACQUISITION CORP.
STATEMENT OF CHANGES IN SHAREHOLDER’S EQUITY
FOR THE PERIOD FROM JUNE 27, 2025 (INCEPTION) THROUGH JULY 23, 2025

| SHARES                              
 Balance – June 27, 2025 (inception) |     | ORDINARY SHARES 
         CLASS B 
          AMOUNT 
               — |     |   |   — |     | ADDITIONAL 
 PAID-IN    
 CAPITAL    |      — |     | ACCUMULATED 
 DEFICIT     | —       |   |     | TOTAL         
 SHAREHOLDER’S 
 EQUITY        |       — |   |
|:------------------------------------|:----|----------------:|:----|:--|----:|:----|:-----------|-------:|:----|:------------|:--------|:--|:----|:--------------|--------:|:--|
| Issuance of Class B                 
 ordinary shares(1)                  |     |       7,666,667 |     |   | 767 |     |            | 24,233 |     |             | —       |   |     |               |  25,000 |   |
| Net loss                            |     |               — |     |   |   — |     |            |      — |     |             | (16,909 | ) |     |               | (16,909 | ) |
| Balance – July 23, 2025             |     |       7,666,667 |     | $ | 767 |     | $          | 24,233 |     | $           | (16,909 | ) |     | $             |   8,091 |   |

____________ (1) This number includes up to 1,000,000 Class B ordinary shares subject to forfeiture if the over -allotment option is not exercised in full or in part by the underwriters (see Note 4 and 6). The accompanying notes are an 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 |         |   |
|:----------------------------------------------------------------------------------------|:----|:--------------|--------:|:--|
|