Karachi: LSE SPAC-I Limited (SPAC1) will be delisted from the Pakistan Stock Exchange effective Thursday, October 29, 2026, following its merger with Ningbo Green Light Energy Limited (NGLEL). The delisting comes after the fulfillment of all relevant requirements, marking a significant development in the corporate structure of the involved entities.

According to information available from the Pakistan Stock Exchange (PSX), the merger has led to the issuance of shares of NGLEL to the shareholders of SPAC1. The swap ratio agreed upon by both parties facilitated this transition, ensuring that the shareholders of the dissolved entity received their due shares in the surviving company.

This move is part of a broader strategy to streamline operations and optimize the market presence of the entities involved. The PSX's role in facilitating such transactions underscores its importance in the regional market category, where mergers and acquisitions form a critical aspect of corporate strategy and economic growth.