Safeguard Acquisition, a blank check company targeting aerospace, defense, and government services, raised $200 million by offering 20 million units at $10.00. Each unit consists of one share of common stock and one-half of one warrant, exercisable at $11.50.
Safeguard Acquisition is led by CEO and Chairman Mark Gottfredson, a Partner at Bain & Company, where he founded the Dallas Office and Energy practice. The SPAC plans to target companies in the aerospace & defense, government services and national security, and space sectors.
Safeguard Acquisition plans to list on the NYSE under the symbol SAC.U. Jefferies acted as sole bookrunner on the deal.
