Wallbox N.V. has secured €11 million ($11.97 million) in interim financing and reached an agreement with lenders and investors to implement a comprehensive financial restructuring aimed at reducing debt and stabilizing its long-term capital structure.
The agreement, backed by more than 90% of senior secured lenders and 70% of noteholders, includes a significant debt-to-equity conversion covering both convertible notes and term loans. The move is expected to lower annual interest expenses and improve the company’s overall financial position.
Wallbox said the interim funding from existing stakeholders will provide sufficient liquidity to support operations during the restructuring process, while also enabling the company to meet legal and administrative requirements tied to the plan.
As part of the restructuring, the company will extend the maturity of its remaining debt obligations, aligning its financial commitments with long-term growth prospects in the EV charging sector.
The plan will be executed through the Netherlands’ WHOA (Wet Homologatie Onderhands Akkoord) process, which allows companies to implement restructuring agreements with court approval when supported by a majority of creditors.
Wallbox said the process is not expected to disrupt day-to-day operations, with manufacturing, product availability and customer support services continuing as normal for installers and distribution partners.
The restructuring comes amid a broader shift in the EV charging industry, where companies are increasingly focusing on profitability and balance sheet discipline following years of rapid expansion and capital-intensive growth.
Looking ahead, Wallbox said it plans to concentrate on its core business areas, including bi-directional charging technologies and integrated energy management software, as it reallocates resources toward research and development.
