Wallbox Nv SEC Filings

Wallbox N.V. director Richer Marc Sabe has filed an initial Form 3 reporting indirect holdings of Class A Ordinary Shares. The filing shows 43,176 shares held through his spouse and 1,011,397 shares held through Mingkiri S.L. In both cases, he may be deemed to share beneficial ownership because he or his spouse exercises voting and investment discretion over the entities that hold the shares.

Wallbox N.V. reported the results of its annual general meeting held on May 22, 2026. A total of 12,030,551 Class A and Class B shares were represented by proxy, corresponding to approximately 74.42% of the company’s voting power as of the April 24, 2026 record date.

Shareholders approved the 2025 annual accounts and granted discharge from liability to the directors for their duties during 2025. They reappointed Enric Asunción Escorsa as executive director and several non-executive directors, and appointed two new non-executive directors. The board was authorized to acquire shares in the company’s own capital, EY Accountants was reappointed as external auditor for 2026, and a combined proposal related to granting pledges over certain subsidiaries’ shares and issuing warrants or equivalent convertible instruments in connection with a restructuring was also approved.

Wallbox N.V. has obtained approval from the Commercial Court of Barcelona for its comprehensive financial restructuring plan, making the plan binding on all affected financial and non-financial creditors of the Group.

The plan, signed in April 2026, contemplates refinancing approximately €169.6 million of outstanding financial indebtedness and a capital increase. Management expects this comprehensive refinancing to strengthen Wallbox’s liquidity and support operational continuity as the company pursues cost initiatives and advances toward sustainable profitability.

Wallbox N.V. reported first quarter 2026 revenue of €29.7 million, with a gross margin of 37.3% and an operating loss of €11.7 million. Labor and other operating expenses were €17.1 million, while capital expenses were €0.3 million, reflecting a focus on cost control.

AC chargers generated €21.1 million or 71% of revenue, DC chargers €2.5 million or 8%, and software, services and other products €6.1 million or 21%. Europe contributed €22.6 million of revenue, North America €6.7 million, Asia Pacific about €6 thousand and Latin America €0.4 million.

Adjusted EBITDA was €(6.0) million, a 23% year-over-year improvement, supported by a 31% year-over-year reduction in labor and operating expenses and a 15% inventory reduction. Wallbox also secured €11 million in interim financing and signed a comprehensive restructuring plan. For second quarter 2026 it expects revenue between €33 million and €36 million, gross margin of 38–40%, and negative adjusted EBITDA between €(5) million and €(3) million.

Wallbox N.V. is convening its 2026 Annual General Meeting on 22 May 2026 in Amsterdam and asking shareholders to vote on key governance, capital and restructuring items. The agenda includes approval of the 2025 annual accounts, director elections, renewal of a share buyback authorization and reappointment of EY Accountants as external auditor for 2026.

The Board reports that, as of 31 December 2025, Wallbox had total negative equity of approximately €31.7 million and must therefore formally discuss its equity position and possible measures. It outlines a court‑sanctioned restructuring of the Company’s financial indebtedness under Spanish insolvency law, designed to establish a sustainable long‑term capital structure and align debt service with expected cash generation.

A central element is a proposed capital increase via a private placement of newly issued Class A shares with a nominal value of €2.40 each, with total commitments of at least €10,650,000 from reference shareholders, including an investment vehicle of the CEO, and from Generalitat de Catalunya. As part of the same restructuring, shareholders are asked to approve granting pledges over shares in core operating subsidiaries and issuing warrants or equivalent convertible instruments in Wall Box Chargers, S.L.U. as enforcement mechanisms for financial creditors.

Wallbox N.V. reports that additional international banks, including HSBC and Citibank, have joined its financial restructuring plan, completing the creditor accession process. The plan was originally signed on April 8 with the company’s main financial creditors and shareholders.

Wallbox has secured approximately €11 million in interim financing from certain shareholders and participating banks, providing near-term liquidity during the restructuring. The plan, which includes support from Spanish and international banks, strategic shareholders, and the Generalitat de Catalunya through IFEM as a new institutional investor, has been submitted to the Commercial Court of First Instance in Barcelona for approval.

Generac Power Systems, Inc. and Generac Holdings Inc. filed Amendment No. 1 to a Schedule 13D regarding Wallbox N.V.’s Class A ordinary shares. The amendment reports beneficial ownership of 3,455,778 Class A shares, representing 19.5% of the class, based on 16,798,563 shares outstanding as of March 1, 2026.

Generac Power Systems is the record holder of 1,904,802 Class A shares issued under subscription agreements from 2023 and 2024 and an aggregate of 885,085 warrants issued in 2024 and 2025. A 229,938‑warrant grant on October 9, 2025, exercisable through July 30, 2028 at up to $61.00 per share, was issued under anti‑dilution rights with no separate consideration.

The filing explains that the updated percentage results from a 1‑for‑20 reverse stock split by Wallbox, the new warrant issuance, and changes in the number of outstanding Class A shares. The reporting persons also reference a Letter Agreement relating to shares held by Mr. Asuncion and Kariega but expressly disclaim beneficial ownership of those Asuncion shares and any group status.

Wallbox N.V. reports severe financial stress, with an ongoing court-supervised debt restructuring that is critical to its ability to continue operating.

For the year ended December 31, 2025, the company recorded a net loss of €103.2 million after a €151.8 million loss in 2024. As of that date, Wallbox had negative equity of €31.5 million, a working capital deficit of €74.7 million, and only €4.4 million of cash and cash equivalents, against €164.7 million of loans and borrowings.

The company is pursuing a Spanish restructuring plan supported by most lenders and major shareholders, including a proposed €22.5 million liquidity injection and a new capital structure featuring a €57.6 million term loan, a €69.1 million payment-in-kind bullet instrument maturing in 2030, and a €42.8 million working capital line. A standstill agreement with most banks runs through March 31, 2026, while Wallbox is in covenant default under an €11.25 million HSBC facility. The auditor has expressed substantial doubt about its ability to continue as a going concern. Wallbox also highlights EV-demand uncertainty, execution risk on cost-cutting and workforce reductions, and potential damage to customer, supplier and talent relationships.

Wallbox N.V. director Beatriz Gonzalez Ordonez has reported an indirect holding of 575,293 Class A Ordinary Shares. The shares are held through Seaya Ventures II FCR, a Spanish venture capital fund managed by Seaya Capital Gestion, SGEIC, S.A.

The fund’s management company is overseen by a three-member Board of Directors that includes Ms. Gonzalez Ordonez. This Form 3 is an initial statement of beneficial ownership and does not reflect a new purchase or sale of Wallbox shares.