Wallbox N.V. (WBX) holder converts bridge loan into 501,361 shares

Rhea-AI Filing Summary

Orilla Asset Management, S.L. and Francisco Jose Riberas Mera file Amendment No. 1 updating their beneficial ownership in Wallbox N.V. after a 20-for-1 reverse stock split and the conversion of debt into equity.

As of June 30, 2026, they beneficially own 2,539,771 Class A ordinary shares, representing 10.7% of the Class A Ordinary Shares, all held of record by Orilla with shared voting and dispositive power. On June 30, 2026, Orilla acquired 501,361 Class A Ordinary Shares at $2.7216 per share by converting the outstanding principal amount of, and accrued interest under, an April 8, 2026 bridge loan facility into equity, discharging the corresponding indebtedness without additional cash payment.

Filing Explained

The debt conversion was completed through issuance of 501,361 shares, increasing Wallbox’s share count and potentially reducing existing holders’ percentage ownership.

This Schedule 13D/A reports a completed Wallbox issuance on June 30, 2026: 501,361 Class A ordinary shares were issued to Orilla Asset Management, S.L. through conversion of principal and accrued interest, discharging the corresponding debt without additional cash. Issuing additional shares increases the share count and can reduce existing holders’ percentage ownership, although this filing does not quantify that change.

The filing is an amendment to the reporting persons’ beneficial-ownership statement. Schedule 13D filings disclose ownership above 5% when the holder may seek to influence control, while amendments track changes in stake or intent as stated; this amendment updates the reported stake after the issuance.

The filing also gives effect to July 3, 2025’s 20-for-1 reverse stock split: every 20 pre-split shares became one share, with the nominal value changing from EUR 0.12 to EUR 2.40. The split reduced the share count and raised the per-share price proportionally; the split itself does not change company value.

As of June 30, 2026, Orilla held the reported 2,539,771 shares of record, while Orilla and Francisco Jose Riberas Mera each reported shared voting and dispositive power over them, representing 10.7% of the Class A shares based on shares outstanding as of July 1, 2026.

Key Figures

Beneficial ownership: 2,539,771 Class A Ordinary Shares Ownership percentage: 10.7% Shares acquired via conversion: 501,361 Class A Ordinary Shares +3 more

6 metrics

Beneficial ownership 2,539,771 Class A Ordinary Shares Shares beneficially owned by each reporting person as of June 30, 2026

Ownership percentage 10.7% Percent of Class A Ordinary Shares represented by 2,539,771 shares

Shares acquired via conversion 501,361 Class A Ordinary Shares Issued to Orilla Asset Management, S.L. on June 30, 2026 upon loan conversion

Conversion price $2.7216 per share Price per share for 501,361 Class A Ordinary Shares issued June 30, 2026

Reverse stock split ratio 20-for-1 Every twenty Class A ordinary shares combined into one effective July 3, 2025

Nominal value per share EUR 2.40 per share Nominal value of Class A Ordinary Shares after the reverse stock split

Key Terms

reverse stock split, bridge loan facility agreement, subscription agreement, set-off, +1 more

5 terms

reverse stock split financial

"Effective July 3, 2025, the Issuer effected a 20-for-1 reverse stock split"

A reverse stock split reduces a company's number of outstanding shares while raising the price per share proportionally, so the total value of each investor's holding is unchanged; a 1-for-10 split turns 100 shares worth $1 each into 10 shares worth $10 each. Companies often do this to regain compliance with an exchange's minimum price rule or to attract investors who avoid very low-priced stocks.

bridge loan facility agreement financial

"entered into a bridge loan facility agreement (the "Loan Agreement")"

subscription agreement financial

"pursuant to a subscription agreement entered into between Orilla Asset Management, S.L."

A subscription agreement is a legal contract in which an investor agrees to buy a specific number of a company’s shares or other securities under set terms, including price, payment method and conditions for closing the sale. It matters to investors because it legally locks in their purchase and the company’s obligations, determines ownership percentage and any investor rights, and can include conditions or promises that affect future control or returns—like signing a detailed purchase order for equity.

set-off financial

"subscription price was satisfied by set-off against the outstanding principal amount"

beneficial ownership regulatory

"may be deemed to share beneficial ownership of the securities held of record"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/06/2026 - 09:54 AM Accepted by SEC EDGAR 08/06/2026 - 09:53 AM Learn about SEC filing dates

FAQ

What percentage of Wallbox N.V. (WBX) do Orilla Asset Management and Francisco Jose Riberas Mera own?

They report beneficial ownership of 2,539,771 Class A Ordinary Shares, representing 10.7% of Wallbox’s outstanding Class A Ordinary Shares as of late June and early July 2026, with the shares held of record by Orilla Asset Management, S.L..

How many Wallbox (WBX) shares did Orilla acquire through debt conversion and at what price?

On June 30, 2026 Orilla Asset Management, S.L. acquired 501,361 Class A Ordinary Shares at a price of $2.7216 per share, issued upon conversion of the outstanding principal and accrued interest under a bridge Loan Agreement with Wallbox.

What was the effect of Wallbox (WBX)’s 20-for-1 reverse stock split?

Effective July 3, 2025, Wallbox combined every 20 Class A ordinary shares of nominal value EUR 0.12 into 1 Class A Ordinary Share of nominal value EUR 2.40, and updated the CUSIP for its Class A Ordinary Shares to N94209124.

What is the bridge Loan Agreement mentioned in relation to Wallbox (WBX)?

On April 8, 2026, Orilla Asset Management, Wallbox and certain other parties entered a bridge loan facility agreement in connection with Wallbox’s restructuring. Principal and accrued interest under this Loan Agreement were later converted into 501,361 Class A Ordinary Shares.

What is Francisco Jose Riberas Mera’s role regarding Orilla’s Wallbox (WBX) shares?

Francisco Jose Riberas Mera is the managing director and controlling shareholder of Orilla Asset Management, S.L. He has voting and investment discretion over Orilla’s holdings and may be deemed to share beneficial ownership of the 2,539,771 Wallbox Class A Ordinary Shares.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 1)

Wallbox N.V.

(Name of Issuer)

Class A Ordinary Shares, nominal value EUR 2.40 per share

(Title of Class of Securities)

N94209124

(CUSIP Number)

Teresa Olaya Mendez Florez
C/ Alfonso XII, 16,
Madrid, U3, 28014
34 670 24 17 35

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

06/30/2026

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

schemaVersion:

SCHEDULE 13D

CUSIP Number(s): N94209124

1

Name of reporting person

Orilla Asset Management, S.L.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

SPAIN

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 2,539,771.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 2,539,771.00

11

Aggregate amount beneficially owned by each reporting person

2,539,771.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

10.7 %

14

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13D

CUSIP Number(s): N94209124

1

Name of reporting person

Francisco Jose Riberas Mera

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

SPAIN

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 2,539,771.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 2,539,771.00

11

Aggregate amount beneficially owned by each reporting person

2,539,771.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

10.7 %

14

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Class A Ordinary Shares, nominal value EUR 2.40 per share
(b)	Name of Issuer: Wallbox N.V.
(c)	Address of Issuer's Principal Executive Offices: CARRER DEL FOC, 68, BARCELONA, SPAIN , 08038.
Item 1 Comment: This Amendment No. 1 (this "Amendment No. 1") amends and supplements the statement on Schedule 13D filed with the U.S. Securities and Exchange Commission (the "SEC") on June 28, 2023 (the "Schedule 13D") by the Reporting Persons with respect to the Class A ordinary shares of Wallbox N.V., a public limited liability company organized under the laws of the Netherlands (the "Issuer"). Capitalized terms used but not otherwise defined in this Amendment No. 1 shall have the meanings ascribed to them in Schedule 13D. Except as specifically set forth herein, Schedule 13D remains unmodified and in full force and effect. Effective July 3, 2025, the Issuer effected a 20-for-1 reverse stock split of its ordinary shares (the "Reverse Stock Split"), pursuant to which every twenty (20) Class A ordinary shares, nominal value EUR 0.12 per share, of the Issuer then issued and outstanding were automatically combined into one (1) Class A ordinary share, nominal value EUR 2.40 per share, of the Issuer (as so combined, the "Class A Ordinary Shares"), and the CUSIP number for the Class A Ordinary Shares was changed to N94209124. Unless otherwise indicated, all share and per share figures in this Amendment No. 1 give effect to the Reverse Stock Split.
Item 2.	Identity and Background
(b)	Item 2(b) of Schedule 13D is hereby amended and supplemented as follows: The business address of Mr. Riberas is hereby amended to C/ Alfonso XII, 16, 28014 Madrid, Spain. The business address of Orilla Asset Management, S.L. is hereby amended to C/ Alfonso XII, 16, 28014 Madrid, Spain. Except as set forth above, no other information in Item 2 of Schedule 13D is amended by this Amendment No. 1.
Item 3.	Source and Amount of Funds or Other Consideration
	Item 3 of Schedule 13D is hereby amended and supplemented by adding the following: On June 30, 2026, Orilla Asset Management, S.L. acquired 501,361 Class A Ordinary Shares at a price of $2.7216 per share upon the conversion into Class A Ordinary Shares of the outstanding principal amount of, and accrued interest under, the Loan Agreement (as defined in Item 4 of this Amendment No. 1). The aggregate subscription price for such Class A Ordinary Shares was satisfied in full by set-off against the corresponding principal and accrued interest owed by the Issuer to Orilla Asset Management, S.L. under the Loan Agreement (as defined in Item 4 of this Amendment No. 1), and no additional cash consideration was paid by Orilla Asset Management, S.L. in connection with such acquisition.
Item 4.	Purpose of Transaction
	Item 4 of Schedule 13D is hereby amended and supplemented by adding the following: On April 8, 2026, Orilla Asset Management, S.L., the Issuer and certain other parties entered into a bridge loan facility agreement (the "Loan Agreement") in connection with the Issuer's restructuring. On June 30, 2026, pursuant to a subscription agreement entered into between Orilla Asset Management, S.L. and the Issuer (the "2026 Subscription Agreement") and a related deed of issuance, the Issuer issued 501,361 Class A Ordinary Shares to Orilla Asset Management, S.L. at a price of $2.7216 per share. The subscription price was satisfied by set-off against the outstanding principal amount of, and accrued interest under, the Loan Agreement, thereby converting such principal and accrued interest into Class A Ordinary Shares and discharging the corresponding indebtedness. The foregoing description of the 2026 Subscription Agreement does not purport to be complete and is qualified in its entirety by reference to the form of subscription agreement filed as Exhibit 2.1 to the Issuer's Report on Form 6-K filed with the Securities and Exchange Commission on July 2, 2026, which is incorporated herein by reference.
Item 5.	Interest in Securities of the Issuer
(a)	Item 5 of the Schedule 13D is hereby amended and restated in its entirety as follows: The information required by Items 5(a) and 5(b) is set forth in Rows 7 through 11 and 13 of the Cover Page for each Reporting Person and is incorporated herein by reference. The amounts reported in Rows 7 through 11 of the Cover Page for each Reporting Person are stated as of June 30, 2026, the date of the event requiring the filing of this Amendment No. 1, and the percentages reported in Row 13 are calculated based on the total number of Class A Ordinary Shares outstanding as of July 1, 2026, as provided by the Issuer. Orilla Asset Management, S.L. is the record holder of the Class A Ordinary Shares reported herein. Mr. Riberas is the managing director and controlling shareholder of Orilla Asset Management, S.L., and as such, maintains voting and investment discretion with respect to the securities held. As a result, Mr. Riberas may be deemed to share beneficial ownership of the securities held of record by Orilla Asset Management, S.L.
(b)	The information set forth in Item 5(a) of this Amendment No. 1 is incorporated herein by reference.
(c)	Except as described in Items 3 and 4 above, during the past 60 days, the Reporting Persons have not effected any transactions with respect to the Class A Ordinary Shares.
(d)	None.
(e)	Not applicable.
Item 6.	Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer
	Item 6 of the Schedule 13D is hereby amended and supplemented by adding the following: The information set forth in Items 3 and 4 of this Amendment No. 1, including the descriptions of the Loan Agreement and 2026 Subscription Agreement, is incorporated herein by reference.
Item 7.	Material to be Filed as Exhibits.
	Item 7 of the Schedule 13D is hereby amended and supplemented by adding the following exhibit: Exhibit 5: Form of Subscription Agreement providing for payment by set-off (incorporated by reference to Exhibit 2.1 to the Issuer's Report on Form 6-K filed on July 2, 2026).

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Orilla Asset Management, S.L.

Signature:	/s/ Francisco Jose Riberas Mera
Name/Title:	Francisco Jose Riberas Mera/Managing Director
Date:	08/05/2026

Francisco Jose Riberas Mera

Signature:	/s/ Francisco Jose Riberas Mera
Name/Title:	Francisco Jose Riberas Mera
Date:	08/05/2026