Wallbox NV Agreed To Sell 10.4M Class A Shares For $31.6M, Wallbox NV Company's Class A Shares Will Be Sold To Investors At $3.05/ Share
Portfolio Pulse from Benzinga Newsdesk
Wallbox NV has agreed to sell 10.4 million Class A shares at a price of $3.05 per share, raising a total of $31.6 million from the sale.

December 04, 2023 | 12:55 pm
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Wallbox NV's sale of 10.4 million Class A shares at $3.05 each may dilute existing shareholders but provides the company with $31.6 million in capital.
The sale of additional shares typically leads to dilution of existing shareholders' equity, which can result in a negative short-term impact on the stock price. However, the influx of capital can be positive in the long term if used effectively.
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