Wallbox N.V. Announces Share Subscription Agreement

Wallbox (WBX) has released an update.

Wallbox N.V., a Dutch company with tax residency in Spain, has entered into a subscription agreement to issue Class A ordinary shares at $1.2385 each to certain qualified institutional buyers and accredited investors. The closing of this share issuance is slated for around August 5, 2024, with funds to be transferred via wire to the company’s account. The agreement is subject to standard closing conditions, including the accuracy of representations and warranties and compliance with governmental regulations.

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