LSE SPAC-I Limited to begin trading on PSX

MG News | May 08, 2026 at 12:52 PM GMT+05:00

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May 08, 2026 (MLN): LSE SPAC-I Limited is set to become Pakistan's first-ever Special Purpose Acquisition Company (SPAC) to be listed on the Pakistan Stock Exchange (PSX), with trading commencing on the Main Board from Monday, May 11, 2026.

Shares of SPAC1 will be settled on a T+1 basis, with the first settlement date falling on Tuesday, May 12, 2026.

The company has been assigned the ticker symbol "SPAC1" by the National Clearing Company of Pakistan Limited (NCCPL), through which all transactions will be settled.

The opening price has been set at Rs10 per share, with a market lot of one share.

Since the company is bypassing the Book Building process, circuit breakers under PSX Regulation will apply to the opening price in the Ready Market.

SPAC1's shares have already been declared an eligible security by the Central Depository Company of Pakistan Limited (CDC).

The company will be quoted under the "Inv. Banks / Inv. Cos / Securities Cos." sector in the Exchange's Daily Quotation

The aforementioned information was disseminated through a notification to Exchange.

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