George Gianarikas

Ryan Fink

Ben Kallo

John Wyndham

Jon Windham

Stephen Gengaro

William Grippin

- Wallbox N.V. (WBX) and certain subsidiaries reached a **standstill agreement** on **October 9, 2025**, with the majority of its banking pool, including Banco Santander, S.A., Banco Bilbao Vizcaya Argentaria, S.A., and CaixaBank, S.A..  **[1866501_0001193125-25-236376_wbx_6-k_standstill.htm:0]** 
- The agreement aims to provide a stable framework for a **long-term solution to the Company's capital structure**.  **[1866501_0001193125-25-236376_wbx_6-k_standstill.htm:0]** 
- Key provisions include the **temporary suspension of principal and interest payments until December 9, 2025**, or until the long-term capital structure is implemented, whichever occurs first.  **[1866501_0001193125-25-236376_wbx_6-k_standstill.htm:0]** 
- The agreement also anticipates the possibility of certain breaches and establishes mechanisms to manage such events.  **[1866501_0001193125-25-236376_wbx_6-k_standstill.htm:0]** 
- Other lenders, including Instituto de Crédito Oficial E.P.E. and COFIDES, S.A., S.M.E., are **expected to accede to the agreement within one month**; failure by minority lenders to accede could result in the termination of the agreement by the majority lenders.  **[1866501_0001193125-25-236376_wbx_6-k_standstill.htm:0]**

Wallbox N.V. Enters Standstill Agreement with Majority Lenders

- Wallbox N.V. reported a **17.4% decrease in revenue** to **€75,931 thousand** for the six months ended June 30, 2025, down from **€91,893 thousand** in the prior year period, primarily due to reduced sales of AC and DC chargers.  **[1866501_0001193125-25-212586_wbx-ex99_2.htm:1]** **[1866501_0001193125-25-212586_wbx-ex99_1.htm:10]** 
- The company's **net loss improved** to **€34,476 thousand** for the six months ended June 30, 2025, compared to a net loss of **€58,235 thousand** in the same period of 2024, while operating loss also decreased.  **[1866501_0001193125-25-212586_wbx-ex99_2.htm:1]** **[1866501_0001193125-25-212586_wbx-ex99_1.htm:10]** 
- As of June 30, 2025, Wallbox N.V. had an **accumulated deficit of €63,770 thousand** and **total equity of €36,138 thousand**, with **total borrowings amounting to €181,545 thousand**.  **[1866501_0001193125-25-212586_wbx-ex99_2.htm:0]** **[1866501_0001193125-25-212586_wbx-ex99_2.htm:5]** **[1866501_0001193125-25-212586_wbx-ex99_2.htm:19]** 
- Shareholders approved a **20:1 reverse stock split** effective July 3, 2025, to maintain NYSE listing, and an increase in authorized Class A shares to **730,500,000** effective July 2, 2025.  **[1866501_0001193125-25-212586_wbx-ex99_2.htm:31]** 
- The company secured an **18-month grace period on debt repayments** and a waiver of financial covenant requirements for 2025 from financial institutions, formalized on April 8, 2025, and raised **€22,677 thousand** through capital increases in the first half of 2025.  **[1866501_0001193125-25-212586_wbx-ex99_2.htm:5]** **[1866501_0001193125-25-212586_wbx-ex99_2.htm:6]**

Wallbox (WBX)