Wallbox NV has announced a 20-for-1 reverse stock split of its ordinary shares to comply with the NYSE's minimum bid price requirement. Approved at the June 2025 Annual General Meeting, the split will be effective on July 3, 2025. Shares will trade under the same symbol "WBX" with a new CUSIP number. The consolidation will not affect shareholders' percentage ownership, although fractional shares will be settled in cash.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.