SPAC1 · LSE SPAC-I Limited
LSE SPAC-I Submits Lahore High Court Sanctioned Merger Scheme
Official PSX filing title: Court Order and Sactioned Scheme
- Filed
- 13 October 2026 at 1:18 pm
- Category
- Material
- Sentiment
- Good
- Impact
- High
Executive summary
LSE SPAC-I Limited has submitted the official court order from the Lahore High Court sanctioning the Scheme of Compromise, Arrangement and Reconstruction for its merger into Ningbo Green Light Energy Limited (NGLE). Under the approved scheme, SPAC1 will merge into NGLE and stand dissolved without winding up, while SPAC1 shareholders will receive shares of NGLE at a ratio of 1.50 NGLE shares for every 1 SPAC1 share, with NGLE becoming the surviving and listed entity.
Key takeaways
- Lahore High Court sanctioned the Scheme of Arrangement for merging LSE SPAC-I Limited into Ningbo Green Light Energy Limited (NGLE).
- SPAC1 shareholders to receive 1.50 shares of NGLE for every 1 share held in SPAC1.
- SPAC1 will be dissolved without winding up, and NGLE will become the surviving listed entity on the PSX.
- #merger
- #court-order
- #spac
- #scheme-of-arrangement
- #acquisition
Please cross-check with the official PSX filing before making an investment decision.