Wallbox (WBX) Announces 1:20 Reverse Share Split

Wallbox (NYSE: WBX) today announced that it is expected to implement a 20-for-1 reverse stock split of all classes of the Company’s ordinary shares. The reverse stock split is intended to bring the Company into compliance with the minimum bid price requirement set by the New York Stock Exchange (“NYSE”).

Wallbox shareholders approved at the Company’s Annual General Meeting held on June 30, 2025 (“AGM”) a reverse stock split ratio within a range of 1-for-10 to 1-for-40 and authorized the Board of Directors to determine and execute the final ratio. The Company’s Board of Directors subsequently approved the final reverse split ratio of 20-for-1 on the same date.

Wallbox’s ordinary class A shares (“Class A Shares”) are expected to begin trading on a reverse split-adjusted basis at market open on July 3, 2025 under the existing trading symbol “WBX” with a new CUSIP number N94209 124 (“Effective Date”).

On the Effective Date, every 20 shares of Wallbox’s issued and outstanding ordinary shares will be automatically combined into one ordinary share.

The reverse stock split will affect all shareholders uniformly and will not affect any shareholder’s percentage ownership interest in the Company (except to the extent that the reverse stock split would result in any of the shareholders owning a fractional interest).

Shares held in registered form in the Company’s shareholder register, or in the register maintained by the Company’s U.S. transfer agent, Continental Stock Transfer & Trust Company, will be consolidated and converted on a split-adjusted basis. Any fractional shares resulting from the reverse split will be treated in accordance with the rights specified in the deed of amendment of the Company’s articles of association to be executed prior to the Effective Date or such other instrument governing the right to the ordinary share. To the extent possible, fractional Class A Shares will be aggregated into whole shares and sold. Registered shareholders will receive a cash payment from Continental Stock Transfer & Trust Company in lieu of any fractional share resulting from this process.

For shareholders holding shares in “street name” through a bank, broker, or nominee, positions will be rounded down as a result of the share consolidation. Shareholders entitled to fractional Class A Shares will receive a cash payment from their respective bank, broker, or nominee in accordance with their procedures.

In addition to approving the reverse stock split, shareholders at the AGM, also approved the 2024 annual accounts, reappointed and appointed members of the Board of Directors, and authorized the Board to issue shares and to limit or exclude pre-emptive rights, among other proposals.

Additional information regarding the reverse stock split and other matters voted on at the AGM can be found in the Forms 6-K and exhibits thereto filed with the U.S. Securities and Exchange Commission on May 30, 2025 and July 2, 2025, and on Wallbox’s Investor Relations website at investors.wallbox.com.

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