SAFEGUARD ACQUISITION CORP

Ticker: SAC/U CUSIP: G77676123 Class: UNIT 99/99/9999

TENOR CAPITAL MANAGEMENT Co., L.P.'s Holding History (CIK: 0001346554)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 800,000 Value ($000) $8,068 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	800,000	$8,068	—	—