Wallbox (WBX) Registration Filing summary

Company overview and business model

• Operates as a global provider of intelligent electric vehicle charging and energy management solutions, offering hardware, software, and services for residential, business, and public use.

• Manufactures products in Spain, Germany, Morocco, and the U.S., with a vertically integrated model to accelerate time to market.

• Product portfolio includes Level 2 AC chargers, DC fast chargers, bi-directional home chargers, and proprietary software platforms for energy management and public charging.

• Seeks to capitalize on regulatory support for EV adoption in the U.S. and Europe, including NEVI, Inflation Reduction Act, and European Green Deal programs.

Financial performance and metrics

• As of December 31, 2023, cash and cash equivalents were €101.2 million, with total capitalization of €264.7 million (actual) and €296.7 million (as adjusted for recent share issuances and warrants).

• Share premium stood at €481.6 million, with an accumulated deficit of €420.2 million.

Use of proceeds and capital allocation

• Will not receive proceeds from the resale of shares by selling securityholders.

• May receive up to $39.96 million from the exercise of warrants, unless exercised on a cashless basis.

• Proceeds from warrant exercises are not reflected in the current capitalization table.