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

Rhea-AI Summary

Safeguard Acquisition Corp (NYSE:SAC.U) closed its initial public offering of 23,000,000 units at $10.00 per unit, including the full exercise of a 3,000,000-unit$230,000,000

Each unit contains one Class A ordinary share and one-half of a redeemable warrant; each whole warrant is exercisable for one Class A share at $11.50December 4, 2025 under the ticker SAC.U. When separated, shares and warrants are expected to list as SAC and SAC WS.

The company also closed a concurrent private placement of 700,000 units for $7,000,000 (sponsor purchased 470,000; Jefferies purchased 230,000

Positive

• Gross proceeds of $230,000,000 placed in trust
• Public offering of 23,000,000 units at $10.00
• Full exercise of 3,000,000-unit
• Concurrent private placement raised $7,000,000

Negative

• None.

Key Figures

IPO gross proceeds $230,000,000 Initial public offering including over-allotment

IPO units 23,000,000 units Public units sold at IPO

IPO price $10.00 per unit Public offering price per unit

Private placement units 700,000 units Concurrent private placement size

Private placement proceeds $7,000,000 Gross proceeds from private placement

Sponsor units 470,000 units Units purchased by Safeguard Acquisition Management LLC

Jefferies units 230,000 units Private placement units purchased by Jefferies

Warrant exercise price $11.50 per share Exercise price for each whole redeemable warrant

Market Reality Check

Market Pulse Summary

This announcement details the completion of Safeguard Acquisition Corp.’s IPO, with 23,000,000 public units sold at $10.00 each and a concurrent private placement of 700,000 units for $7,000,000. The company reports $230,000,000 placed in trust and defines unit and warrant terms, including an exercise price of $11.50 per share. Investors may monitor progress toward identifying a target in the stated aerospace, defense, government services, and space sectors, as well as any subsequent regulatory or financing developments.

Key Terms

over-allotment option financial

"includes 3,000,000 units issued pursuant to the exercise by the underwriters of their over-allotment option in full"

An over-allotment option is a special agreement that allows underwriters to sell more shares than initially planned if demand is high. Think of it like a retailer offering extra units of a popular product to meet additional customer interest. This option helps ensure the full sale is completed and can also give investors extra shares if they want more.

redeemable warrant financial

"one Class A ordinary share and one-half of one redeemable warrant, with each whole warrant exercisable"

A redeemable warrant is a financial tool that gives its holder the right to buy shares of a company at a fixed price within a certain period. If the holder chooses to do so, the company can buy back or cancel the warrant before it expires, often to encourage investment or manage share issuance. For investors, it provides an option to potentially buy shares at a favorable price while offering some flexibility for the issuing company.

private placement financial

"the Company closed on a private placement of 700,000 units at a price of $10.00 per unit"

A private placement is a way for companies to raise money by selling securities directly to a small group of investors instead of through a public offering. This process is often quicker and less regulated, making it similar to offering a special, exclusive investment opportunity to select individuals or institutions. For investors, it can provide access to unique investment options that are not available on public markets.

book-running manager financial

"Jefferies acted as the sole book-running manager of the offering"

A book-running manager is the lead organizer responsible for coordinating a large financial sale, such as issuing new stocks or bonds. They oversee preparing all necessary documents, setting the sale’s price, and finding buyers, much like a concert promoter arranging a major event. Their role matters to investors because they help ensure the offering is successfully sold at the best possible terms.

registration statement regulatory

"A registration statement relating to these securities has become effective pursuant to Section 8(a)"

A registration statement is a formal document that companies file with a government agency to offer new shares of stock to the public. It provides essential information about the company's finances, operations, and risks, helping investors make informed decisions. Think of it as a detailed product description that ensures transparency and trust before buying into a company.

prospectus regulatory

"The offering was made only by means of a prospectus. Copies of the prospectus may be obtained"

A prospectus is a detailed document that explains a company's plans for offering new shares or investments to the public. It’s important because it provides potential investors with key information about the company’s business, risks, and how they might make money, helping them decide whether to invest. Think of it as a guidebook for understanding what you're buying into.

AI-generated analysis. Not financial advice.

12/05/2025 - 02:24 PM

LAS VEGAS, NV, Dec. 05, 2025 (GLOBE NEWSWIRE) -- Safeguard Acquisition Corp. (NYSE: SAC.U) (the “Company”) today announced the closing of its initial public offering of 23,000,000 units, which includes 3,000,000 units issued pursuant to the exercise by the underwriters of their over-allotment option in full, at a public offering price of $10.00 per unit. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant, with each whole warrant exercisable to purchase one Class A ordinary share at a price of $11.50 per share.

The units are listed on the New York Stock Exchange (“NYSE”) and commenced trading under the ticker symbol “SAC.U” on December 4, 2025. Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on NYSE under the symbols “SAC” and “SAC WS,” respectively.

Concurrently with the closing of the initial public offering, the Company closed on a private placement of 700,000 units at a price of $10.00 per unit, resulting in gross proceeds of $7,000,000. Safeguard Acquisition Management LLC, the Company’s sponsor, purchased 470,000 of the private placement units and Jefferies purchased 230,000 of the private placement units. Each private placement unit consists of one Class A ordinary share and one-half of one redeemable warrant, with each whole warrant exercisable to purchase one Class A ordinary share at a price of $11.50 per share. Of the proceeds received from the consummation of the initial public offering and a simultaneous private placement of units, $230,000,000 (or $10.00 per unit sold in the public offering) was placed in trust.

Safeguard Acquisition Corp. is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. While the Company may pursue an initial business combination in any industry, sector or geographic region, it expects to target opportunities and companies in the aerospace & defense, government services & national security, and space sectors.

Jefferies acted as the sole book-running manager of the offering.

A registration statement relating to these securities has become effective pursuant to Section 8(a) of the Securities Act of 1933, as amended. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

The offering was made only by means of a prospectus. Copies of the prospectus may be obtained from Jefferies LLC, 520 Madison Avenue, New York, NY 10022, Attention: Equity Syndicate Prospectus Department, or by telephone at 877-821-7388 or email at Prospectus_Department@Jefferies.com.

FORWARD-LOOKING STATEMENTS

This press release contains statements that constitute “forward-looking statements,” including with respect to the Company’s search for an initial business combination and the anticipated use of the net proceeds of the initial public offering and simultaneous private placement. No assurance can be given that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement for the initial public offering filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law. 

CONTACT

Frank Bachinsky
Chief Operating Officer
Safeguard Acquisition Corp.
frank@safeguardacquisition.com 

FAQ

How many units did Safeguard Acquisition Corp (SAC) sell in its December 2025 IPO?

Safeguard sold 23,000,000 units in the IPO, including 3,000,000 units from the underwriters' full over-allotment.

How much money was placed in trust after Safeguard Acquisition Corp's (SAC) IPO on December 5, 2025?

$230,000,000 was placed in trust from the public offering proceeds.

What does each Safeguard Acquisition Corp (SAC) unit include and what is the warrant exercise price?

Each unit includes one Class A ordinary share and one-half of a redeemable warrant; each whole warrant is exercisable at $11.50 per share.

When did Safeguard Acquisition Corp (SAC.U) begin trading and what symbols will the securities use?

Units began trading on December 4, 2025 under SAC.U; Class A shares and warrants are expected to trade as SAC and SAC WS when separated.

Who participated in Safeguard Acquisition Corp's (SAC) private placement and how many units were sold?

The private placement sold 700,000 units for $7,000,000; the sponsor purchased 470,000 units and Jefferies purchased 230,000 units.

What industries will Safeguard Acquisition Corp (SAC) target for an initial business combination?

The company expects to target opportunities in aerospace & defense, government services & national security, and space sectors.