Wallbox signs restructuring plan and secures EUR 11M in interim financing

Wallbox (WBX) announced that it has signed its restructuring plan and certain related agreements on the terms previously disclosed on April 1. In connection with the signing of the restructuring plan, the Group has also secured EUR 11M in interim financing, comprising a EUR 5.65M bridge loan from the shareholders set forth below, the repayment of which is expected to be set-off against their equity subscription obligations under the planned capital increase and a EUR 5.35M loan from participating banks as part of the new money financing. This funding is expected to be disbursed or made available, as applicable, in the coming days and will provide near-term liquidity to support execution of the Company’s business plan. The restructuring plan has been signed with financial creditors representing approximately 83% of the Group’s financial debt, as well as key shareholders and a new institutional investor. Participants include Banco Santander, Banco Bilbao Vizcaya Argentaria, CaixaBank, the Instituto de Credito Oficial, Mora Banc Grup,EBN Banco de Negocios, and the Generalitat de Catalunya, through IFEM. The breadth of participation in the restructuring plan reflects the continued support of the Company’s financial partners and institutional stakeholders for Wallbox’s long-term strategy. The restructuring plan has been formalized in accordance with the Spanish restructuring framework and will be submitted for court approval before the Commercial Section of the Court of First Instance of Barcelona in the coming days. Once sanctioned, the plan will become binding on all affected financial and non-financial creditors, enabling Wallbox to fully implement its new capital structure.