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Safeguard Acquisition SAC

Safeguard Acquisition reports $1.94 million net income for Q3 2026.

Form
10-Q
Filed
Importance
Notable
  1. Net income: $1.94 million for the three months ended Sep 30, 2026.
  2. Cash and equivalents: $938,218 at Sep 30, 2026.

Written from the 10-Q on EDGAR. Check the filing before you rely on it.

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Going-concern warning is new

“These conditions raise substantial doubt about the Company's ability to continue as a going concern for a reasonable period of time, which is considered to be at least one year from the date that the accompanying unaudited financial statements are…”
In the notes to the financial statements. Read it in the filing 10-Q on EDGAR

First warning: the prior 10-Q (filed Aug 6, 2026) had no going-concern warning. Prior report Prior on EDGAR

SPAC · warning tied to its merger deadline (Completion Window Dec 2027)

Income is mostly trust-account interest: net income of $1.94M against $2.17M of interest earned on the trust account, as the filing states.

Quoted from the filing. Not advice.

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What changed since last quarter

No new risk factors or legal mentions.

Compared with the 10-Q for the period ended Jun 30, 2026.

Key numbers from the XBRL in this filing and the previous one.
This filingPreviousChange vs prior 10-Q
Operating income and margin−$230K−$228K−1%
Net income$1.94M$1.85M+4.7%
Operating cash flow−$201K−$266K+25%
Cash$938K$1.14M−18%

The reading, claim by claim

  1. The filing includes balance sheets, income statements, and cash flow statements for the period ending September 30, 2026.
  2. Total assets were $237,878,137, with liabilities totaling $9,310,801.
  3. Shareholders' deficit was $8,266,684 as of that date.

3 of 5 claims matched the filing text.

Not found in the filing text

  • For the quarter ended September 30, 2026, Safeguard reported net income of $1.9 million.
  • This figure is included in the 10-Q filing and reflects the company's financial performance for that period.

From the filing

Item 1. Interim Financial Statements 1

Item 1. Interim Financial Statements 1 Balance Sheets as of September 30, 20261 and December 31, 2025 (Unaudited) 1 Statements of Operations for the Three Months Ended September 30, 20261 and 2025, for the Nine Months Ended September 30, 2026 and for the Period from June 27, 2025 (Inception) through September 30, 2025 (Unaudited) 2 Statements of Changes in Shareholders' Deficit for the Three Months Ended September 30, 2026 and 2025, for the Nine Months Ended September 30, 2026 and for the Period from June 27, 2025 (Inception) through September 30, 2025 (Unaudited) 3 Statements of Cash Flows for the Nine Months Ended September 30, 20261 and for the Period from June 27, 2025 (Inception) through September 30, 2025 (Unaudited) 4

Notes to Financial Statements (Unaudited) 5

Item 1. Interim Financial Statements.

Item 1. Interim Financial Statements.

SAFEGUARD ACQUISITION CORP.

BALANCE SHEETS (UNAUDITED)

September 30,

December 31,

2026

2025

Assets:

Current assets

Cash $ 938,218 $ 1,634,631 Prepaid expenses 26,595 16,281 Prepaid insurance – short term 67,508 67,508 Total current assets 1,032,321 1,718,420 Prepaid insurance – long term 11,796 62,426

Cash and investments held in Trust Account 236,834,020 230,526,196

Total Assets $ 237,878,1372 $ 232,307,042

Liabilities, Class A Ordinary Shares Subject to Possible Redemption, and Shareholders' Deficit

Liabilities:

Current liabilities

Accrued offering costs $ 85,000 $ 85,000

Accounts payable and accrued expenses 25,801 23,949

Total current liabilities 110,801 108,949 Deferred underwriting fee 9,200,000 9,200,000 Total Liabilities 9,310,8012 9,308,949

Commitments and Contingencies (Note 5)

Class A ordinary shares subject to possible redemption, $ 0.0001 par value; 23,000,000 shares at redemption value of approximately $ 10.30 and $ 10.02 per share as of September 30, 2026 and December 31, 2025, respectively 236,834,020 230,526,196

Shareholders' Deficit

Preference shares, $ 0.0001 par value; 5,000,000 shares authorized; none issued or outstanding as of September 30, 2026 and December 31, 2025 — — Class A ordinary shares, $ 0.0001 par value; 500,000,000 shares authorized; 700,000 issued and outstanding (excluding 23,000,000 shares subject to possible redemption) as of September 30, 2026 and December 31, 2025 70 70 Class B ordinary shares, $ 0.0001 par value; 50,000,000 shares authorized; 7,666,667 shares issued and outstanding as of September 30, 2026 and December 31, 2025 767 767

Additional paid-in capital — —

Accumulated deficit ( 8,267,521 ) ( 7,528,940 ) Total Shareholders' Deficit ( 8,266,684 )3 ( 7,528,103 )

Total Liabilities, Class A Ordinary Shares Subject to Possible Redemption, and Shareholders' Deficit $ 237,878,137 $ 232,307,042

The accompanying notes are an integral part of these unaudited financial statements.

1

SAFEGUARD

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