Safeguard Acquisition Corp. Announces Pricing of $200 Million Initial Public Offering

Rhea-AI Summary

Safeguard Acquisition Corp (NYSE:SAC) priced a $200 million initial public offering of 20,000,000 units at $10.00 per unit, expected to begin trading as SAC.U on December 4, 2025 and close December 5, 2025.

Each unit contains one Class A share and one-half warrant; whole warrants exercise for one share at $11.50. Once split, shares and warrants are expected to list as SAC and SAC WS. Jefferies is sole book-running manager and has a 45-day option to purchase up to 3,000,000 additional units.

Positive

• IPO proceeds of $200 million expected from 20,000,000 units
• Jefferies serving as sole book-running manager
• Target focus on aerospace & defense, government services, space

Negative

• Blank check structure with no assurance a business combination will occur
• Underwriters granted option for 3,000,000 units (15%), increasing potential dilution
• Warrants exercisable at $11.50 subject to adjustment and only whole warrants exercisable

Insights

Capital Markets Analyst

Safeguard priced a $200 million SPAC IPO targeting aerospace, defense and space; standard terms and timeline.

The company sold 20,000,000 units at $10.00 per unit for aggregate proceeds of $200,000,000, with each unit containing one Class A ordinary share and one-half warrant; whole warrants exercise at $11.50. The units are expected to begin trading on the NYSE under SAC.U on December 4, 2025, with separate listings for shares and warrants as SAC and SAC WS once separation occurs. The underwriter is Jefferies, and the offering includes a 45-day 15% over-allotment option for an additional 3,000,000 units; the expected closing date is December 5, 2025.

The vehicle is a blank check company formed to complete an initial business combination and expects to target aerospace & defense, government services & national security, and space sectors. The press release discloses customary forward-looking disclaimers and confirms the registration statement is effective under the Securities Act. Key risks remain the usual SPAC execution risks: completing a qualifying business combination and allocation of net proceeds as described in the prospectus; those risks and other conditions are noted in the registration statement and Risk Factors section.

Watch the completion of the offering on December 5, 2025, the exercise or non‑exercise of the 45-day over-allotment, and timing and terms of any announced target or merger agreement thereafter; these milestones will determine capital available and dilution dynamics over the next several months.

LAS VEGAS, NV, Dec. 03, 2025 (GLOBE NEWSWIRE) --  Safeguard Acquisition Corp. (the “Company”) today announced the pricing of its initial public offering of 20,000,000 units at a price of $10.00 per unit. The units will be listed on the New York Stock Exchange (the “NYSE”) and are expected to trade under the ticker symbol “SAC.U” beginning on December 4, 2025. 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, subject to certain adjustments. Only whole warrants will be exercisable. Once the securities comprising the units begin separate trading, the Class A ordinary shares and the warrants are expected to be listed on the NYSE under the symbols “SAC” and “SAC WS,” respectively. Only whole warrants will trade. The offering is expected to close on December 5, 2025.
 
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 is acting as the sole book-running manager for the offering. The Company has granted the underwriters a 45-day option to purchase up to an additional 3,000,000 units at the initial public offering price to cover over-allotments, if any.
 
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 is being made only by means of a prospectus. Copies of the prospectus may be obtained, when available, 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 proposed initial public offering and the anticipated use of the net proceeds from the offering. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, that the net proceeds of the offering will be used as indicated, or that the Company will ultimately complete a business combination transaction. 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 offering, available on the SEC’s website, www.sec.gov, and the Company’s preliminary prospectus. The Company undertakes no obligation to update these statements for revisions or changes after the issuance of this release, except as required by law.
 
CONTACT
 
Frank Bachinsky
Chief Operating Officer
Safeguard Acquisition Corp. 
frank@safeguardacquisition.com 

FAQ

What did Safeguard Acquisition Corp (SAC) price its IPO at and when will SAC.U begin trading?

Safeguard priced 20,000,000 units at $10.00 per unit; units are expected to trade as SAC.U beginning December 4, 2025.

How is each Safeguard unit structured in the SAC IPO and what is the warrant exercise price?

Each unit contains one Class A ordinary share and one-half of a warrant; whole warrants exercise for one share at $11.50 per share.

When is the Safeguard Acquisition Corp IPO expected to close and which underwriter is leading it?

The offering is expected to close on December 5, 2025, with Jefferies as sole book-running manager.

Can the size of the Safeguard (SAC) offering increase after pricing?

Yes; the company granted underwriters a 45-day option to buy up to 3,000,000 additional units at the IPO price.

What business sectors will Safeguard Acquisition Corp (SAC) target for a combination?

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