Wallbox (NYSE: WBX) secures standstill as banks suspend debt payments

Rhea-AI Filing Summary

Wallbox N.V. has entered into a standstill agreement with the majority of its banking pool, including Banco Santander, Banco Bilbao Vizcaya Argentaria and CaixaBank. The lenders give formal effect to prior waivers and consents and agree to temporarily suspend payments of principal and interest until 23:59 (CET) on 9 December 2025, or until a long-term capital structure solution is implemented, whichever happens first.

The agreement anticipates that certain breaches, including payment defaults, may occur while discussions continue and sets mechanisms to manage these events as part of talks on a long-term capital structure. Within one month, additional lenders, including Instituto de Crédito Oficial, Institut Català de Finances, Mora Banc Grup, EBN Banco de Negocios and COFIDES, as well as other minority lenders, are expected or required to join. If some minority lenders do not accede within that one-month period, the majority lenders may choose to terminate the agreement.

Positive

• None.

Negative

• Standstill agreement highlights financial stress: Wallbox obtained a temporary suspension of principal and interest payments and formalized waivers while it negotiates a long-term capital structure, indicating meaningful pressure on its existing financing arrangements.

Insights

Credit and capital structure analyst

Wallbox secures short-term debt standstill while it negotiates a long-term fix.

Wallbox N.V. has negotiated a standstill agreement with its main banks, including Banco Santander, BBVA and CaixaBank. Under this arrangement, payments of principal and interest are temporarily suspended until 9 December 2025 or until a long-term capital structure solution is in place. The document also formalizes earlier waivers and consents, signaling that lenders had already been accommodating existing financing pressures.

The agreement explicitly allows for potential breaches, including payment defaults, during its term and sets mechanisms to manage them while negotiations continue. This language indicates that the company is operating under financial strain and needs breathing room from creditors while it works on a longer-term restructuring of its capital structure.

A key contingency is that several public and private lenders, including Instituto de Crédito Oficial, Institut Català de Finances, Mora Banc Grup, EBN Banco de Negocios and COFIDES, along with other minority lenders, are expected or required to accede within one month of the agreement date. If minority lenders do not join in time, the majority lenders may terminate the standstill, so the durability of this relief depends on successful accessions and subsequent progress toward a comprehensive long-term capital structure.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO SECTION 13A-16 OR 15D-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of October 2025

Commission File Number: 001-40865

Wallbox N.V.

(Translation of registrant’s name into English)

Carrer del Foc, 68

Barcelona, Spain 08038

Tel: +34 930 181 668

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☒ Form 40-F ☐

EXPLANATORY NOTE

Wallbox N.V. (NYSE: WBX) (“Wallbox” or the “Company”) today announced that the Company, together with certain of its subsidiaries, has reached a standstill agreement on October 9, 2025 (the “Agreement”) with the majority of its banking pool, namely Banco Santander, S.A., Banco Bilbao Vizcaya Argentaria, S.A., and CaixaBank, S.A. (the “Majority Lenders”)

The Agreement is intended to provide a stable framework to facilitate a long-term solution to the capital structure of the Company and its subsidiaries (the "Long Term Capital Structure"). By virtue of the Agreement, the Majority Lenders, among other things: (i) give formal effect to certain waivers and consents previously provided to Wallbox, (ii) agree to temporarily suspend payments of principal and interest until 23:59 (CET) on 9 December 2025, or until the Long Term Capital Structure is effectively implemented, whichever occurs first and (iii) expressly anticipate the possibility of certain breaches (including payment defaults) occurring during its term and accept mechanisms to manage such events as part of the Long Term Capital Structure discussions.

The Agreement further contemplates that, within one month from the date hereof: (i) Instituto de Crédito Oficial E.P.E., Institut Català de Finances, Mora Banc Grup, S.A., and EBN Banco de Negocios, S.A., under a syndicated loan agreement; and (ii) Compañía Española de Financiación del Desarrollo, COFIDES, S.A., S.M.E., under a separate loan, are expected to accede to the Agreement. Such accession is structured as a condition subsequent to the Agreement for a one-month period, and the Company is already in advanced negotiations with these lenders to complete such accessions within the proposed deadline. Furthermore, the Agreement provides that certain other minority lenders under the Company’s and its subsidiaries’ existing financing arrangements are required to accede to the Agreement within one month from the date of the Agreement. Should any of these minority lenders fail to accede within such period, the majority participating lenders may, in accordance with the provisions of the Agreement, elect to terminate the Agreement.

INCORPORATION BY REFERENCE

The information included in this Report on Form 6-K is hereby incorporated by reference into the Company’s Registration Statement on Form S-8 (File No. 333-263795) and Registration Statements on Form F-3, as amended (Files No. 333-268347, 333-268792, 333-271116, 333-273323, 333-276491 and 333-281952) and to be a part thereof from the date on which this report is filed, to the extent not superseded by documents or reports subsequently filed or furnished.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	Wallbox N.V.
Date: October 10, 2025	By:		/s/ Enric Asunción Escorsa
			Enric Asunción Escorsa

FAQ

What did Wallbox (WBX) announce in this Form 6-K?

Wallbox N.V. announced that it has reached a standstill agreement with the majority of its banking pool, including Banco Santander, Banco Bilbao Vizcaya Argentaria and CaixaBank. The agreement is intended to provide a stable framework to negotiate a long-term capital structure solution for the company and its subsidiaries.

How long will Wallboxs principal and interest payments be suspended under the agreement?

Under the standstill agreement, the majority lenders agree to temporarily suspend payments of principal and interest until 23:59 (CET) on 9 December 2025, or until the long-term capital structure is effectively implemented, whichever occurs first.

Does the Wallbox standstill agreement address potential payment defaults?

Yes. The agreement expressly anticipates that certain breaches, including payment defaults, may occur during its term and accepts mechanisms to manage such events as part of the ongoing discussions on a long-term capital structure for Wallbox and its subsidiaries.

Which additional lenders are expected to join Wallboxs standstill agreement?

Within one month from the date of the agreement, Instituto de Cre9dito Oficial, Institut Catale0 de Finances, Mora Banc Grup, EBN Banco de Negocios and COFIDES are expected to accede, along with certain other minority lenders under existing financing arrangements.

What happens if some minority lenders do not accede to the Wallbox agreement?

If required minority lenders fail to accede within one month from the date of the agreement, the majority participating lenders may, in accordance with the agreements terms, elect to terminate the standstill.

How is this standstill agreement used in Wallboxs existing registration statements?

The information in this report is incorporated by reference into Wallboxs Registration Statement on Form S-8 and several Registration Statements on Form F-3, meaning it becomes part of those registration statements from the date this report is filed, unless later filings supersede it.