Wallbox Expects To Implement 20-For-1 Reverse Stock Split Of All Classes Of Its Ordinary Shares

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).