Financial Strength Secured
Wallbox Finalizes Court-Backed Restructuring, Securing €15.8 Million in New Equity Funding
Anonymous
Key Points
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The warrants issued in connection with the private placement carry an exercise price of €2.40 per share and were granted to the Warrantholder as consideration for its equity commitment.
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The PIPE investors comprise a mix of existing holders and new backers, including Orilla Asset Management, AM Gestió, Mingkiri S.L, Enric Asunción (via Kariega Ventures), Iberdrola (via Inversiones Financieras Perseo), IFEM, and the new investor Focus on Next Frontier.
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The PIPE involves the issue of 4,916,023 Class A Shares for approximately €11.8 million, with the price set as the higher of a 20% discount to VWAP or €2.40 per share, and closed on June 30, 2026.
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Wallbox plans to file a registration statement to permit the resale of the Class A Shares issued in the PIPE, subject to the terms of the Subscription Agreements.
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Participants in the PIPE also receive long-dated warrants (described as five-year warrants in the filings), aligning investor incentives with the company’s long-term recapitalization.
Wallbox has completed a €15.8 million equity raise that restructures its balance sheet and gives the electric vehicle charging company a firmer financial footing. The deal — split between an €11.8 million PIPE and a €4 million private placement — received court approval that became final and non-appealable on June 25, 2026, according to Stock Titan.
The transactions drew in a mix of existing backers and one new investor. CEO Enric Asunción personally participated, buying 325,885 shares at an average of $2.72 each — a purchase worth $886,407 — signaling strong insider confidence in the turnaround, per Watchlist News.
Court-Backed Restructuring Closes After Key Milestones
The restructuring had two main parts. First, a PIPE transaction issued 4,916,023 Class A Shares at a price set as the higher of a 20% discount to VWAP or €2.40 per share. That round closed on June 30, 2026, raising roughly €11.8 million. Second, Focus on Next Frontier joined as a brand-new shareholder with a separate €4 million private placement, according to Stock Titan.
The court approval on June 25 was a critical gate. Once it became final and non-appealable, the restructuring was locked in. The process also included the capitalization of discount and PIK interest — meaning unpaid interest from a bridge loan was converted into equity rather than cash owed.
Who Backed the Deal: Iberdrola, IFEM, and Insiders
The PIPE investor list reads like a who's-who of existing Wallbox supporters. Participants include Orilla Asset Management, AM Gestió, Mingkiri S.L., Iberdrola via its investment arm Inversiones Financieras Perseo, and Catalunya's public investment program IFEM. CEO Enric Asunción joined through his vehicle Kariega Ventures, according to Watchlist News.
Director Marc Sabe Richer also bought in heavily. His purchases totaled $1,363,702 — a 49.57% increase in his ownership stake. A director-linked entity separately bought 501,000 shares and received a 250,000-share warrant, per Stock Titan. These moves signal that those closest to the company are betting on recovery.
Warrants and Registration Plans Sweeten the Deal
Investors in both transactions received warrants as added incentive. PIPE participants get five-year warrants tied to their equity commitment. The warrants issued in the private placement carry an exercise price of €2.40 per share. CEO Asunción also received a new warrant grant alongside his share purchase, according to Stock Titan.
Wallbox plans to file a registration statement so PIPE investors can eventually resell their Class A Shares on the open market. That step is subject to the terms of the Subscription Agreements. The registration filing would improve liquidity for investors and is a standard part of deals like this one.
What This Means for Wallbox's EV Charging Strategy
Wallbox makes EV chargers and energy management systems. The company has faced losses and high debt, putting pressure on its cash position. This €15.8 million raise does not erase those challenges, but it extends the runway. With court approval locked in and key shareholders doubling down, the company has a more stable base to execute its long-term plan.
The involvement of Iberdrola — one of Europe's largest energy companies — and a public Catalan fund like IFEM adds credibility. Catalunya's government backing through IFEM reaffirms regional support for a homegrown tech company. Wallbox now has fresh capital, committed investors, and a clean legal structure to build from, as reported by Stock Titan.
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