NEW YORK (December 9, 2025) - Perkins Coie announced today that it advised Safeguard Acquisition Corp., a special purpose acquisition company, on the successful completion of its $230 million initial public offering (IPO) on the New York Stock Exchange (NYSE) through the sale of 23 million units at $10 each.
The IPO included three million units issued pursuant to the exercise by the underwriters of their over-allotment option in full. The NYSE-listed units commenced trading under the ticker symbol “SAC.U” on December 4.
While Safeguard may pursue an initial business combination in any industry, sector or geographic region, the company expects to target opportunities and companies in the aerospace and defense, government services, national security, and space sectors.
The Perkins Coie advisory team was led by Corporate Law partner Elliott Smith and included counsels Sarah Ross and Jordan Leon, as well as associate Danielle Buckles.
