Karachi: LSE SPAC-II Limited has taken a significant step forward in its strategic initiatives as the Board of Directors announced the identification of a proposed target company for potential investment. The announcement was made on July 22, 2026, in compliance with the regulations of the Pakistan Stock Exchange.

The Board convened on July 21, 2026, and resolved to engage the services of M/s Kreston Hyder Bhimji & Co., Chartered Accountants, to carry out due diligence on the prospective investment. This move is in line with the requirements set by the Public Offering Regulations, 2017.

According to information available from the Pakistan Stock Exchange (PSX), the Board's decision is contingent upon receiving a satisfactory due diligence report. Following this, the investment proposal will be presented to the shareholders of LSE SPAC-II Limited for approval, adhering to the regulatory framework that governs Special Purpose Acquisition Companies (SPACs).

LSE SPAC-II Limited has assured that it will keep the Exchange updated on any further material developments as required by the applicable regulatory provisions. This development marks a potentially transformative phase for the company as it evaluates new investment opportunities.