<SEC-DOCUMENT>0001193125-23-256459.txt : 20231016
<SEC-HEADER>0001193125-23-256459.hdr.sgml : 20231016
<ACCEPTANCE-DATETIME>20231016062826
ACCESSION NUMBER:		0001193125-23-256459
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20231016
FILED AS OF DATE:		20231016
DATE AS OF CHANGE:		20231016

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Wallbox N.V.
		CENTRAL INDEX KEY:			0001866501
		STANDARD INDUSTRIAL CLASSIFICATION:	MISCELLANEOUS TRANSPORTATION EQUIPMENT [3790]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			P7
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-40865
		FILM NUMBER:		231326161

	BUSINESS ADDRESS:	
		STREET 1:		CARRER DEL FOC, 68
		CITY:			BARCELONA
		STATE:			U3
		ZIP:			08038
		BUSINESS PHONE:		34 93.220.43.08

	MAIL ADDRESS:	
		STREET 1:		CARRER DEL FOC, 68
		CITY:			BARCELONA
		STATE:			U3
		ZIP:			08038

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Wallbox B.V.
		DATE OF NAME CHANGE:	20210609
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>d563491d6k.htm
<DESCRIPTION>6-K
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<HTML><HEAD>
<TITLE>6-K</TITLE>
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<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:4pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>UNITED STATES </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>SECURITIES AND EXCHANGE COMMISSION </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Washington, D.C. 20549 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>FORM <FONT
STYLE="white-space:nowrap">6-K</FONT> </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>REPORT OF
FOREIGN PRIVATE ISSUER </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>PURSUANT TO SECTION <FONT STYLE="white-space:nowrap">13A-16</FONT> OR
<FONT STYLE="white-space:nowrap">15D-16</FONT> </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>UNDER THE SECURITIES EXCHANGE ACT OF 1934 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>For the month of October 2023 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Commission File Number: <FONT STYLE="white-space:nowrap">001-40865</FONT> </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:24pt; font-family:Times New Roman" ALIGN="center"><B>Wallbox N.V. </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(Translation of registrant&#146;s name into English) </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Carrer del
Foc, 68 </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Barcelona, Spain 08038 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Tel: +34 930 181 668 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Address of principal executive office) </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Indicate by check mark whether
the registrant files or will file annual reports under cover of Form <FONT STYLE="white-space:nowrap">20-F</FONT> or Form <FONT STYLE="white-space:nowrap">40-F.</FONT> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Form <FONT STYLE="white-space:nowrap">20-F&#8194;&#9746;&#8195;&#8195;&#8195;Form</FONT>
<FONT STYLE="white-space:nowrap">40-F&#8194;&#9744;</FONT> </P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>EXPLANATORY NOTE </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On October&nbsp;16, 2023 (the &#147;Closing Date&#148;), Wallbox N.V. (the &#147;Company&#148;) and its wholly owned subsidiary Wallbox USA, Inc.
(&#147;Wallbox USA&#148;), and the Company&#146;s wholly owned subsidiary, Wall Box Chargers, S.L.U. (&#147;Wallbox Spain&#148;), entered into an agreement that provides for: (i)&nbsp;a syndicated loan with Instituto de Cr&eacute;dito Oficial
E.P.E., Institut Catal&agrave; de Finances, Mora Banc Grup SA and EBN Banco de Negocios, S.A. (&#147;EBN Banco&#148;) as funding entities, EBN Banco as coordinating entity and agent, Wallbox Spain as borrower and Wallbox USA and the Company as
guarantors (the &#147;Facility Agreement 1&#148;); and (ii)&nbsp;a loan with Compa&ntilde;&iacute;a Espa&ntilde;ola de Financiaci&oacute;n Del Desarrollo COFIDES, S.A., S.M.E., as funding entity, EBN Banco as coordinating entity, Wallbox USA as
borrower and Wallbox Spain and the Company as guarantors (the &#147;Facility Agreement 2&#148; and, together with the Facility Agreement 1, the &#147;Facility Agreements&#148;). The Facility Agreements provide for an aggregate term loan commitment
of &#128;35.0&nbsp;million (the &#147;Term Loan&#148;), which aggregate amount was elected to be drawn on the Closing Date and which will be accessible in full by the borrower upon the lenders&#146; obtaining their counter guarantee. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The relevant borrower intends to use &#128;30.0&nbsp;million of the proceeds for investments in manufacturing lines at the Company&#146;s charger
manufacturing plants in Barcelona and for the development of energy management software and &#128;5.0&nbsp;million of the proceeds to expand its plant and assembly lines in the United States. Principal outstanding under the Term Loan will accrue
interest on a daily basis at a rate equal to three-month EURIBOR plus an amount equal to 3.25% per annum, provided that, the Facility Agreements also include sustainability-linked pricing adjustments and, as to Facility Agreement 2, pricing
adjustments related to sales in the United States. The Term Loan will be secured by the property assets that are acquired in Barcelona with the proceeds under the Term Loan, the bank accounts related to the Facility Agreements and the credit rights
under the insurance agreements related to the property assets to be secured. The Term Loan matures on the fifth anniversary of the Closing Date. The relevant borrower is permitted to prepay the Term Loan in whole or in part upon notice thereof in
accordance with the terms of the Facility Agreements. The Facility Agreements also contain covenants that require, based on the Company&#146;s audited consolidated financial statements, a total debt to equity ratio ranging from 2.00x or less in 2023
to 1.20x or less in 2026 and thereafter, and a net debt to equity ratio ranging from 1.40x or less in 2023 to 0.90x or less in 2026 and thereafter, as well as other affirmative and negative covenants and customary events of default. The Facility
Agreements are governed by Spanish law. </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>INCORPORATION BY REFERENCE </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The information included in this Report on Form <FONT STYLE="white-space:nowrap">6-K,</FONT> including Exhibit 4.1 hereto, is hereby incorporated by reference
into the Company&#146;s Registration Statement on Form <FONT STYLE="white-space:nowrap">S-8</FONT> (File <FONT STYLE="white-space:nowrap">No.&nbsp;333-263795)</FONT> and Registration Statements on Form <FONT STYLE="white-space:nowrap">F-3</FONT>
(Files <FONT STYLE="white-space:nowrap">No.&nbsp;333-268347,</FONT> <FONT STYLE="white-space:nowrap">333-268792,</FONT> <FONT STYLE="white-space:nowrap">333-271116</FONT> and <FONT STYLE="white-space:nowrap">333-273323)</FONT> 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. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SIGNATURES </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">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. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="bottom">&nbsp;</TD>
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<TD VALIGN="top" COLSPAN="3"><B>Wallbox N.V.</B></TD></TR>
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<TD VALIGN="top">Date: October&nbsp;16, 2023</TD>
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<TD VALIGN="top">By:</TD>
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<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Enric Asunci&oacute;n Escorsa</P></TD></TR>
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<TD VALIGN="top">Enric Asunci&oacute;n Escorsa</TD></TR>
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<TD VALIGN="top">Chief Executive Officer</TD></TR>
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