2023-04-03 17:59:51 ET
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Wallbox ( NYSE: WBX ) on Monday said it may offer and sell its class A shares worth up to $100 million through an “at-the-market” equity offering program.
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The offering program is intended to provide the company with access to capital from time to time.
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The number of shares to be sold under the ATM program will depend on, among other factors, market conditions, the company’s capital needs, and the anticipated benefits to the company and its shareholders.
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The company said it intends to use the net proceeds from any sales of shares under the ATM program for general corporate purposes.
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The shares will be offered through Canaccord Genuity and Oppenheimer as sales agents.
For further details see:
Wallbox launches $100M ATM equity offering