Wallbox N.V. Faces NYSE Non-Compliance Over Share Price

TL;DR

NYSE says Wallbox shares too cheap, might get delisted.

AI Summary

On November 21, 2024, Wallbox N.V. received a notification from the New York Stock Exchange (NYSE) stating that the company is not in compliance with Section 802.01C of the NYSE Listed Company Manual. This is due to the average closing price of its Class A ordinary shares being below $1.00 for 30 consecutive trading days.

Why It Matters

This non-compliance could lead to delisting from the NYSE, impacting investor confidence and the company's ability to raise capital.

Risk Assessment

Risk Level: medium — The company is not in compliance with NYSE minimum share price requirements, which could lead to delisting.

Key Numbers

• $1.00 — Minimum Share Price (The average closing price of Class A Shares must be at least $1.00 to comply with NYSE listing standards.)

Key Players & Entities

• Wallbox N.V. (company) — Registrant
• New York Stock Exchange (company) — Regulator
• November 21, 2024 (date) — Notification date
• $1.00 (dollar_amount) — Minimum share price threshold

FAQ

Key Financial Figures

• $1.00 — ares (the Class A Shares) was less than $1.00 over a consecutive 30 trading-day perio

Filing Documents

• d871283d6k.htm (6-K) — 16KB
• d871283dex991.htm (EX-99.1) — 8KB
• 0001193125-24-282090.txt ( ) — 25KB

Forward Looking Statements

Forward Looking Statements This Form 6-K contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended (the Securities Act) and Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act). All consider alternatives to cure the NYSE continued listing requirement deficiency and Wallboxs continued listing on the NYSE. The words anticipate, believe, can, continue, could, estimate, expect, focus, forecast, intend, likely, may, might, plan, possible, potential, predict, project, should, target, will, would and similar expressions are intended to identify forward-looking statements, though not all forward-looking statements use these words or expressions. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to: Wallboxs ability to regain compliance with the continued listing standards of the NYSE within the applicable cure period; as well as the other important factors discussed under the caption Risk Factors in Wallboxs Annual Report on Form 20-F for the fiscal year ended December 31, 2023, as such factors may be updated from time to time in its other filings with the Securities and Exchange Commission (the SEC), accessible on the SECs website at www.sec.gov and the Investors Relations section of Wallboxs website at inve

SIGNATURES

SIGNATURES 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. Wallbox N.V. Date: December 19, 2024 By: /s/ Enric Asunción Escorsa Enric Asunción Escorsa Chief Executive Officer

View Full Filing

View this 6-K filing on SEC EDGAR