Wallbox Announces Private Placement of Class A Ordinary Shares
Wallbox N.V. (NYSE:WBX) announced a private placement of 8,176,694 Class A ordinary shares, raising $43.5 million at $5.32 per share. The placement, expected to close on December 5, 2022, aims to strengthen the company's balance sheet and provide growth capital. Notable investors include Iberdrola and Kensington Capital Partners. The shares will not be registered under the Securities Act, indicating reliance on exemptions for the transaction. CEO Enric Asunción highlights investor trust in Wallbox's strategic plans and market position.
- Raised $43.5 million through private placement.
- Strengthens balance sheet and provides growth capital.
- Involvement of strategic partners like Iberdrola and Kensington Capital Partners.
- Ordinary shares sold without registration under the Securities Act, limiting liquidity.
This transaction is designed to further strengthen the company’s balance sheet and provide growth capital that will enable the continued execution of its strategic plan. Participants include, but are not limited to, Iberdrola and
The offer and sale of the ordinary shares has not been, and will not be, registered under the Securities Act of 1933, as amended (the “Securities Act”), or any other securities laws, and the ordinary shares cannot be offered or sold except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and any other applicable securities laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities, in any state or jurisdiction in which such offer, solicitation or sale of these securities would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
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Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). All statements contained in this press release other than statements of historical fact should be considered forward-looking statements, including, without limitation, statements regarding the private placement. The words “anticipate,” “believe,” “can,” “continue,” “could,” “estimate,” “expect,” “forecast,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “”target,” will,” “would” and similar expressions are intended to identify forward-looking statements, though not all forward-looking statements use these words or expressions. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to: Wallbox’s history of operating losses as an early stage company; the adoption and demand for electric vehicles including the success of alternative fuels, changes to rebates, tax credits and the impact of government incentives; Wallbox’s ability to successfully manage its growth; the accuracy of Wallbox’s forecasts and projections including those regarding its market opportunity; competition; risks related to health pandemics including those of COVID-19; losses or disruptions in Wallbox’s supply or manufacturing partners; impacts resulting from the conflict between
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Wallbox Investor Contact:
VP, Investor Relations
Matt.Tractenberg@wallbox.com
+1 404-574-1504
Wallbox Public Relations Contact:
Public Relations
Press@wallbox.com
+34 622 513 358
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FAQ
What is the purpose of Wallbox's recent private placement of shares?
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