SPAC Safeguard Acquisition prices $200 million IPO, targeting aerospace and defense
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Safeguard Acquisition, a SPAC led by Mark Gottfredson, raised $200 million in its IPO, pricing 20 million units at $10 each. The company targets aerospace, defense, government services, and national security sectors. Each unit includes one share and half a warrant, exercisable at $11.50. The SPAC will list on NYSE under SAC.U, with Jefferies as the sole bookrunner.
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