Safeguard Acquisition Corp. completes $230M IPO and $7M private placement

Safeguard Acquisition Corp.

Sold 23,000,000 units at $10.00 each, including full over-allotment of 3,000,000 units.
Each unit consists of one Class A ordinary share and one-half of one redeemable warrant (exercise price $11.50).
Concurrent private placement of 700,000 units to sponsor (470,000) and Jefferies (230,000) at $10.00 per unit, grossing $7M.
$230M of IPO and private placement proceeds placed in trust account with Continental Stock Transfer & Trust Company.
Transaction costs totaled $14,360,472, including $4.6M cash and $9.2M deferred underwriting fees.

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