Safeguard Acquisition Corp. Announces Closing of $230 Million Initial Public Offering Including Full Exercise of Underwriters’ Over-Allotment Option

Core Viewpoint - Safeguard Acquisition Corp. successfully closed its initial public offering (IPO) of 23 million units at a price of $10.00 per unit, including an over-allotment of 3 million units, with each unit comprising one Class A ordinary share and one-half of a redeemable warrant [1][2] Group 1: IPO Details - The IPO units began trading on the New York Stock Exchange under the ticker symbol "SAC.U" on December 4, 2025, with plans for separate trading of Class A ordinary shares and warrants under the symbols "SAC" and "SAC WS" respectively [2] - The gross proceeds from the IPO amounted to $230 million, with $10.00 per unit sold being placed in trust [3] Group 2: Private Placement - Concurrently with the IPO, the company closed a private placement of 700,000 units at $10.00 per unit, generating gross proceeds of $7 million [3] - The private placement included 470,000 units purchased by Safeguard Acquisition Management LLC and 230,000 units purchased by Jefferies, with the same structure as the IPO units [3] Group 3: Company Purpose and Focus - Safeguard Acquisition Corp. is a blank check company aimed at executing mergers, share exchanges, asset acquisitions, or similar business combinations [4] - The company intends to target opportunities in the aerospace & defense, government services & national security, and space sectors [4] Group 4: Underwriting - Jefferies acted as the sole book-running manager for the offering [5]