Company: SAC-UN
Filing Date: 2025-08-22
Form Type: DRS
Source: 0002077096-25-000043
Chunk: 145

Company: Safeguard Acquisition Corp.
Filing Date: 2025-08-22
Form: DRS
Chunk 145
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     |                |  (6,598,740 | ) |
| Total shareholders’ equity (deficit)                                                                                                                                                                                                |     | $             |   8,091 |   |     | $              |  (6,598,009 | ) |
| Total capitalization                                                                                                                                                                                                                |     | $             |  34,099 |   |     | $              | 201,658,091 |   |

____________ (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)Our sponsor may loan us up to $500,000 under an unsecured promissory note to be used for a portion of the expenses of this offering. As of July 23, 2025, we have $26,008 borrowed under such promissory note. (3)$0.40 per share, or $8,000,000 in the aggregate, will be payable to the underwriters for deferred underwriting commissions. The deferred underwriting commissions will become payable to the underwriters from the amounts held in the trust account solely in the event that we complete an initial business combination, subject to the terms of the underwriting agreement. We record deferred underwriting commissions upon the closing of this offering as a reduction of additional paid -incapital. Since the actual additional paid -incapital was reduced by the recording of the accrued deferred underwriting commission, total capitalization, as adjusted, includes the amount of the deferred underwriting commission to reflect total capitalization. (4)The underwriters’ over -allotmentoption is deemed to be a freestanding financial instrument indexed on the shares subject to redemption and will be accounted for as a liability pursuant to ASC 480 if not fully exercised at the time of the initial public offering. (5)Upon the completion of our initial business combination, we will provide our public shareholders with the opportunity to redeem their public shares for cash at a per share price equal to the aggregate amount then on deposit in the trust account calculated as of two business days prior to the consummation of the initial business combination, including interest earned on the funds held in the trust account (which interest shall be net of taxes paid or payable), divided by the number of the then -outstandingpublic shares, subject to any limitations (including, but not limited to, cash requirements) created by the terms of the proposed business combination.

96 MANAGEMENT’S DIS