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Wallbox N.V. — Capital/Financing Update 2022
May 11, 2022
34426_prs_2022-05-11_8ed85b79-b684-4c61-9a4c-a7d79ee5c5d5.zip
Capital/Financing Update
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Filed pursuant to Rule 424(b)(3)
Registration Statement No. 333-260652
Prospectus Supplement No. 4
(To Prospectus dated November 12, 2021)
Wallbox N.V.
This prospectus supplement updates, amends and supplements the prospectus dated November 12, 2021 (the Prospectus), which forms a part of our Registration Statement on Form F-1 (Registration No. 333-260652). Capitalized terms used in this prospectus supplement and not otherwise defined herein have the meanings specified in the Prospectus.
This prospectus supplement is being filed to update, amend and supplement the information included in the Prospectus with our unaudited first quarter of 2022 financial results, which are set forth below.
This prospectus supplement is not complete without the Prospectus. This prospectus supplement should be read in conjunction with the Prospectus, which is to be delivered with this prospectus supplement, and is qualified by reference thereto, except to the extent that the information in this prospectus supplement updates or supersedes the information contained in the Prospectus. Please keep this prospectus supplement with your Prospectus for future reference.
Wallbox N.V.s Class A ordinary shares and warrants are quoted on the New York Stock Exchange under the symbol WBX and WBXWS, respectively. On May 10, 2022, the closing price of our Class A ordinary share was $11.56, and the closing price for our warrants was $2.30.
INVESTING IN OUR SECURITIES INVOLVES CERTAIN RISKS. SEE RISK FACTORS BEGINNING ON PAGE 16 OF THE PROSPECTUS.
Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined if the Prospectus or this prospectus supplement is truthful or complete. Any representation to the contrary is a criminal offense.
The date of this prospectus supplement is May 11, 2022.
FINANCIAL HIGHLIGHTS
Financial & Operating Highlights: Q1 2022
| INCOME STATEMENT | BALANCE SHEET | |||||
|---|---|---|---|---|---|---|
| ( IN MILLIONS) | ( IN MILLIONS) | |||||
| Revenue | | 28,263 | Units sold | ~51,000 | ||
| Cash & Equivalents | | 157,569 | ||||
| Headcount | ~1,000 | |||||
| YoYGrowth | 192 % | LT Debt | | 23,465 | ||
| Countries | +100 | |||||
| Gross Margin | 41.4 % | 2022 Est. Mfg. Capacity | +1,000,000 |
Reconciliations
Unaudited, in 000s
| For the Quarter Ended, March 31, | |||
|---|---|---|---|
| 2022 | |||
| Operating Loss | | (19,417 | ) |
| Amortization and depreciation | 3,934 | ||
| Other income | (292 | ) | |
| EBITDA | | (15,774 | ) |
| Employee Stock Option Plan | | ||
| One-off Expenses | 123 | ||
| Adjusted EBITDA | | (15,652 | ) |