Safeguard Acquisition Corp. (SAC)

Safeguard Acquisition Corp. is a special purpose acquisition company, or blank-check company, whose Class A ordinary shares trade on the New York Stock Exchange.

The company was formed to raise capital through an initial public offering and use the proceeds to merge with or acquire an operating business. Funds from its offering are held in a trust account until a business combination is completed or returned to shareholders if no deal closes in time. The company has no operations of its own.