Safeguard Acquisition Corp. (SAC) Form 10-Q — Nov 2, 2026
Safeguard Acquisition Corp. filed its 10-Q for the quarter ended September 30, 2026, reporting Q3 net income of $1,940,114 driven by $2,170,315 of interest earned on its $236.8 million trust account. The filing contains going-concern language: with only $938,218 in working cash and no business combination target identified, management concluded there is substantial doubt about the company's ability to sustain operations through its December 2027 Completion Window. The SPAC remains dependent on optional sponsor loans for working capital, and warrants will expire worthless if no deal is consummated within the window.
Key figures
- Total Assets
- 237878137
- Cash Position
- 938218
- Q3 net income
- 1940114
- Working capital
- 921520
- Ipo gross proceeds
- 230000000
- Nine month net income
- 5569243
- Trust account balance
- 236834020
- Warrant exercise price
- 11.5
- Q3 trust interest income
- 2170315
- Deferred underwriting fee
- 9200000
- Completion window deadline
- December 2027
- Redemption value per share
- 10.3
- Nine month trust interest income
- 6307824
AI analysis
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