Company: SAC-UN
Filing Date: 2025-11-06
Form Type: S-1
Source: 0001213900-25-106802
Chunk: 116

Company: Safeguard Acquisition Corp.
Filing Date: 2025-11-06
Form: S-1
Chunk 116
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% of the equity interests or assets of a target business, but we will only complete such business combination if the post -businesscombination company owns or acquires 50% or more of the outstanding voting securities of the target or otherwise acquires a controlling interest in the target business sufficient for us not to be required to register as an investment company under the Investment Company Act. We will not consider any transaction that does not meet such criteria. Even if the post -businesscombination company owns 50% or more of the voting securities of the target, our shareholders prior to the completion of our initial business combination may collectively own a minority interest in the post -businesscombination company, depending on valuations ascribed to the target and us in the business combination. For example, we could pursue a transaction in which we issue a substantial number of new Class A ordinary shares in exchange for all of the outstanding capital stock of a target. In this case, we would acquire 77 a 100% interest in the target. However, as a result of the issuance of a substantial number of new Class A ordinary shares, our shareholders immediately prior to such transaction could own less than a majority of our outstanding Class A ordinary shares subsequent to such transaction. In addition, other minority shareholders may subsequently combine their holdings resulting in a single person or group obtaining a larger share of the company’s shares than we initially acquired. Accordingly, this may make it more likely that our management will not be able to maintain control of the target business. Since our sponsor, officers and directors, any other holder of our founder shares, and the underwriters may lose their entire investment in us (other than with respect to public shares they may acquire during or after this offering) if our initial business combination is not completed and no liquidating distributions from assets outside the trust account are available, a conflict of interest may arise in determining whether a particular business combination target is appropriate for our initial business combination. On July 18, 2025, Safeguard Acquisition Management LLC, our sponsor, paid $25,000 to cover certain expenses on our behalf in exchange for the issuance of 7,666,667 founder shares, or approximately $0.003 per share. In October 2025, our sponsor transferred 25,000 founder shares to each of our independent director nominees (for an aggregate of 100,000 founder shares) and 25,000 founder shares to our Chief Financial Officer at the same per -shareprice that our sponsor purchased such shares, or approximately $0.003 per share,