Kensington Capital Acquisition II in an 8-K filing said its shareholders voted in favor of merging with EV charging company Wallbox. The vote followed the SPAC’s announcement that it had secured an additional $11 million PIPE to support the deal following hefty redemptions.
About 95% of the SPAC’s voted shares were cast in favor of the deal.
The merger is expected to close today. The combined company’s shares and warrants are expected to begin trading on the NYSE under WBX and WBX.WS on Oct. 4. Read more.
