PSX Lists Pakistan’s First Special Purpose Acquisition Company

The Pakistan Stock Exchange (PSX) has announced listing of the country’s first Special Purpose Acquisition Company (SPAC), LSE SPAC-I Limited, with trading set to begin from May 11, 2026.

According to a notice issued by the exchange, the company will trade under the symbol “SPAC1” on the Main Board of PSX.

Trading in shares of the company will commence on Monday, May 11 and transactions will be settled on a T+1 basis, with the first settlement date scheduled for May 12.

PSX said the market lot for the company would consist of one share with a face value of ₨10 each.

The opening price of the shares has also been fixed at ₨10 per share.

The exchange stated that since the company was being listed without undergoing the book-building process, circuit breakers under PSX Regulation No. 19.3(b)(ii) would apply to the opening price in the ready market.

According to the notice, the shares have already been declared eligible securities by Central Depository Company of Pakistan Limited, while all transactions will be settled through National Clearing Company of Pakistan Limited.

NCCPL has assigned “SPAC1” as the company’s official trading symbol.

The share registrar for the company is F.D. Registrar (Pvt.) Limited, located at Saima Trade Tower on I.I. Chundrigar Road in Karachi.

PSX further stated that the company would be quoted under the “Investment Banks / Investment Companies / Securities Companies” sector in the exchange’s daily quotation list.