Wallbox, a provider of EV charging solutions, and Kensington Capital Acquisition II today announced a definitive agreement for a business combination. The pro forma implied enterprise value of the combined company would be approximately $1.5 billion.
The transaction would deliver proceeds of approximately $330 million to Wallbox, including a $100 million fully committed PIPE anchored by Janus Henderson Investors, Luxor Capital, Cathay Innovation and Kensington Capital Partners.
Kensington II raised $200 million in a February IPO.
If approved, Wallbox would list on the NYSE under WBX. Read more.
