Wallbox N.V. announced a private placement of its Class A ordinary shares, nominal value ?0.12 per share, pursuant to which the company agreed to sell 10,360,657 Class A shares for aggregate gross proceeds of approximately ?31.600004 million on December 4, 2023. The Company?s Class A Shares will be sold to investors at a price of ?3.05 per share. The transaction is expected to close on or about December 13, 2023, subject to the satisfaction of customary closing conditions.

The transaction will include participation from new investors such as Generac Power Systems, Inc., Skabholmen Invest AB and returning investors such as Orilla Asset Management, IBERDROLA Ventures-PERSEO and an individual investor, Asunción. The offer and sale of the PIPE shares have not been, and will not be, registered under the Securities Act of 1933, as amended.