SCHEDULE: Iberdrola Group Confirms 8.4% Stake in Wallbox N.V. Following Reverse Stock Split

Iberdrola and its subsidiaries report an 8.4% beneficial ownership in Wallbox N.V. Class A ordinary shares after the company's 1-for-20 reverse stock split and articles of association amendment.

Summary

• Iberdrola, S.A., Iberdrola Participaciones, S.A.U., and Inversiones Financieras Perseo, S.L.U. (the Reporting Persons) jointly beneficially own 1,367,879 Class A ordinary shares of Wallbox N.V.
• This ownership represents 8.4% of the Class A ordinary shares outstanding.
• The reported share count reflects the impact of a 1-for-20 reverse stock split and an amendment to Wallbox N.V.'s Articles of Association.
• The reverse stock split consolidated 27,357,580 Class A ordinary shares previously held by the Reporting Persons into the current 1,367,879 shares.
• Wallbox N.V. shareholders approved the reverse stock split and amendment on June 30, 2025, with execution by notarial deed on July 2, 2025.
• Following the reverse stock split, Wallbox N.V. has approximately 16,327,994.8 Class A ordinary shares outstanding, derived from 326,559,896 shares outstanding prior to the split (326,934,896 issued minus 375,000 treasury shares).

Sentiment

Score: 6

Explanation: The filing is a factual disclosure of a significant shareholder's updated ownership percentage following a corporate action (reverse stock split). The continued substantial stake by Iberdrola Group could be interpreted as a sign of ongoing confidence, though the filing itself is purely informational.

Positives

• Iberdrola Group maintains a substantial 8.4% beneficial ownership in Wallbox N.V., signaling continued commitment and strategic interest from a major investor.

Industry Context

This filing provides an update on the ownership structure of Wallbox N.V. following a corporate action. It does not contain information on broader industry trends or competitive landscape.

Corporate Governance

Stakeholder Impact

• Shareholders: The reverse stock split reduces the number of outstanding shares, potentially increasing the per-share price and affecting liquidity. Existing shareholders now hold fewer shares, but their percentage ownership remains proportional.

Key Dates

Recommendation

The filing is a routine update on beneficial ownership following a corporate action (reverse stock split). While the reverse stock split itself can be a mixed signal, the continued significant stake by Iberdrola Group (8.4%) suggests ongoing strategic interest. Without further operational or financial updates, a 'hold' recommendation is appropriate for investors to observe the market's reaction to the share consolidation and future company performance.

Keywords

Wallbox N.V., Iberdrola, Beneficial Ownership, Reverse Stock Split, Class A Ordinary Shares, Corporate Governance, Share Consolidation, SEC Filing