BARCELONA, Spain and
WESTBURY, N.Y., Oct. 1, 2021 /PRNewswire/ -- Wallbox, a
leading provider of electric vehicle (EV) charging and energy
management solutions worldwide, today announced the appointment of
Beatriz González to the Company's Board of Directors upon
completion of Wallbox's business combination with Kensington
Capital Acquisition Corp. II ("Kensington") (NYSE: KCAC).
A financial and investment industry veteran, González brings
extensive experience in advising and amplifying the growth
trajectory of leading startups within transportation and broader
technology sectors, and has served as a board member for almost all
of Spain's Unicorn Startups to
date -- including Wallbox, Cabify and Glovo. In addition to board
positions with other cutting-edge organizations including
Spotahome, Filmin, and Idealista, González is the Founder and
Managing Partner of Seaya Ventures, a leading European &
Latin-American Venture Capital firm focused on accelerating startup
growth - counting over $350 million
of assets under management.
"Beatriz González has a proven track record with aiding and
advising some of the most promising transportation and technology
companies in the world, and we are thrilled to expand her role in
our organization," said Enric Asunción, Co-Founder and Chief
Executive Officer of Wallbox. "Her experience strategizing with
organizations to help them achieve and maintain a global presence
will play a vital role in helping us continue to scale our business
and expand into new markets and territories."
"Wallbox has remained on the forefront of innovation in the
energy sector since its inception, and I've been a believer in the
company for many years," said González. "As a long-standing member
of the company's board, it's an honor to elevate my role as a
member of Wallbox's team and to draw upon my professional
experiences to help the company achieve its goals and establish
itself as a sustainable, global technology leader while delivering
the future of energy solutions worldwide."
Through this latest appointment, Wallbox's Board of Directors
following the business combination with Kensington now includes
Enric Asunción, Anders Pettersson,
Francisco Riberas, Diego Diaz, Pol Soler, and Beatriz González.
"The addition of Beatriz González to Wallbox's Board of
Directors is a testament to the promise of Wallbox's market
dominance and continued growth potential," said Justin Mirro, Chairman and Chief Executive
Officer of Kensington. "Her seasoned background in investments,
corporate strategy and business development will play a crucial
role in our expansion as Wallbox continues its growth trajectory
and prepares to enter the public markets."
Transaction with Kensington
In June, Wallbox and Kensington Capital Acquisition Corp. II
("Kensington") (NYSE: KCAC) announced a business combination that
is expected to result in Wallbox becoming a publicly traded company
on the NYSE under the ticker symbol "WBX". For additional
information, please visit www.wallbox.com.
About Wallbox
Wallbox is a global technology company, dedicated to changing
the way the world uses energy. Wallbox creates advanced electric
vehicle charging and energy management systems that redefine users'
relationship to the grid. Wallbox goes beyond electric vehicle
charging to give users the power to control their consumption, save
money, and live more sustainably.
Wallbox offers a complete portfolio of charging and energy
management solutions for residential, semi-public and public use in
more than 80 countries.
Founded in 2015 and headquartered in Barcelona, the company now employs over 700
people in its offices in Europe,
Asia, and the Americas.
For additional information, please visit www.wallbox.com.
About Kensington
Kensington Capital Acquisition Corp. II (NYSE: KCAC) is a
special purpose acquisition company formed for the purpose of
effecting a merger, stock purchase or similar business combination
with a business in the automotive and automotive-related sector.
The company is sponsored by Kensington Capital Partners ("KCP") and
the management team of Justin Mirro,
Bob Remenar, Simon Boag and Dan
Huber. The company is also supported by a board of
independent directors including Tom
LaSorda, Nicole Nason,
Anders Pettersson, Mitch Quain, Don
Runkle and Matt Simoncini.
The Kensington team has completed over 70 automotive transactions
and has over 300 years of combined experience leading some of the
largest automotive companies in the world.
For additional information, please visit www.autospac.com.
Seaya Ventures
Seaya Ventures is a leading European & Latin-American
Venture Capital firm based in Spain, investing in value-driven founders who
are building global technology companies with a sustainable
approach. Since raising its first fund in 2013, Seaya manages
$350M across three early-stage funds.
Seaya Ventures accelerates startup growth by working with the
founders to enhance their strategic vision, putting at their
disposal its global platform, its strong network of founders,
investors and corporates, as well as Seaya's experience in scaling
leading companies such as Glovo, Cabify, Wallbox, Spotahome,
Clarity AI, Clicars and Savana.
Additional Information
This communication is being made in respect of the proposed
transaction involving Wallbox Chargers, S.L. ("Wallbox"), Wallbox
B.V. and Kensington Capital Acquisition Corp. II ("Kensington").
This communication does not constitute an offer to sell or the
solicitation of an offer to buy any securities or a solicitation of
any vote or approval, nor shall there be any sale of securities in
any jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of such jurisdiction. In connection with the
proposed transaction, Wallbox B.V. has filed with the Securities
and Exchange Commission ("SEC") a registration statement on Form
F-4 that includes a proxy statement of Kensington in connection
with Kensington's solicitation of proxies for the vote by
Kensington's shareholders with respect to the proposed transaction
and other matters as may be described in the registration
statement. Wallbox and Kensington also file other documents with
the SEC regarding the proposed transaction and a proxy
statement/prospectus has been mailed to holders of shares of
Kensington's Class A ordinary shares. BEFORE MAKING ANY VOTING OR
INVESTMENT DECISION, INVESTORS ARE URGED TO READ THE FORM F-4 AND
THE PROXY STATEMENT/PROSPECTUS REGARDING THE PROPOSED TRANSACTION
AND ANY OTHER RELEVANT DOCUMENTS CAREFULLY IN THEIR ENTIRETY
BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED
TRANSACTION. The proxy statement/prospectus, as well as other
filings containing information about Wallbox and Kensington are
available without charge at the SEC's Internet site (www.sec.gov).
Copies of the proxy statement/prospectus can also be obtained,
without charge, from Wallbox's website at www.wallbox.com. Copies
of the proxy statement/prospectus can be obtained, without charge,
from Kensington's website at www.autospac.com.
Participants in the Solicitations
Wallbox, Wallbox B.V., Kensington and certain of their
respective directors, executive officers and other members of
management and employees may, under SEC rules, be deemed to be
participants in the solicitation of proxies from Kensington's
shareholders in connection with the proposed transaction. You can
find more information about Kensington's directors and executive
officers in Kensington's final prospectus dated February 25, 2021 and filed with the SEC on
February 26, 2021. Additional
information regarding the participants in the proxy solicitation
and a description of their direct and indirect interests is
included in the proxy statement/prospectus. Shareholders, potential
investors and other interested persons should read the proxy
statement/prospectus carefully before making any voting or
investment decisions. You may obtain free copies of these documents
from the sources indicated above.
No Offer or Solicitation
This communication does not constitute an offer to sell or the
solicitation of an offer to buy any securities, or a solicitation
of any vote or approval, nor shall there be any sale of securities
in any jurisdiction in which such offer, solicitation or sale would
be unlawful prior to registration or qualification under the
securities laws of any such jurisdiction. No offering of securities
shall be made except by means of a prospectus meeting the
requirements of section 10 of the Securities Act, or an exemption
therefrom.
Caution About Forward-Looking Statements
The information in this press release includes "forward-looking
statements" within the meaning of Section 27A of the Securities Act
and Section 21E of the Securities Exchange Act of 1934, as amended.
All statements, other than statements of present or historical fact
included in this press release, regarding Kensington's proposed
business combination with Wallbox, Kensington's ability to
consummate the transaction, the development and performance of
Wallbox's products (including the timeframe for development of such
products), the benefits of the transaction and the combined
company's future financial performance, as well as the combined
company's strategy, future operations, estimated financial
position, estimated revenues and losses, projected costs,
prospects, plans and objectives of management are forward-looking
statements. When used in this press release, the words "are
designed to," "could," "should," "will," "may," "believe,"
"anticipate," "intend," "estimate," "expect," "project," the
negative of such terms and other similar expressions are intended
to identify forward-looking statements, although not all
forward-looking statements contain such identifying words. These
forward-looking statements are based on management's current
expectations and assumptions about future events and are based on
currently available information as to the outcome and timing of
future events. Except as otherwise required by applicable law,
Wallbox disclaims any duty to update any forward-looking
statements, all of which are expressly qualified by the statements
in this section, to reflect events or circumstances after the date
hereof. Wallbox cautions you that these forward-looking statements
are subject to numerous risks and uncertainties, most of which are
difficult to predict and many of which are beyond the control of
either Kensington or Wallbox. In addition, Wallbox cautions you
that the forward-looking statements contained herein are subject to
the following uncertainties and risk factors that could affect
Wallbox's and Kensington's future performance and cause results to
differ from the forward-looking statements herein: Wallbox's
ability to realize the anticipated benefits of the business
combination, which may be affected by, among other things,
competition and the ability of Wallbox to grow and manage growth
profitably following the business combination; risks relating to
the outcome and timing of the Company's development of its charging
and energy management technology and related manufacturing
processes; intense competition in the electric vehicle charging
space; risks related to health pandemics, including the COVID-19
pandemic; the possibility that Wallbox may be adversely affected by
other economic, business, and/or competitive factors; the
possibility that the expected timeframe for, and other expectations
regarding the development and performance of, Wallbox products will
differ from current assumptions; the occurrence of any event,
change or other circumstances that could give rise to the
termination of the business combination; the outcome of any legal
proceedings that may be instituted against Kensington or Wallbox,
the combined company or others following the announcement of the
business combination; the inability to complete the business
combination due to the failure to obtain approval of the
shareholders of Kensington or to satisfy other conditions to
closing; changes to the proposed structure of the business
combination that may be required or appropriate as a result of
applicable laws or regulations; the ability to meet stock exchange
listing standards following the consummation of the business
combination; the risk that the business combination disrupts
current plans and operations of Kensington or Wallbox as a result
of the announcement and consummation of the business combination;
costs related to the business combination; changes in applicable
laws or regulations; and underlying assumptions with respect to
shareholder redemptions. Should one or more of the risks or
uncertainties described in this press release, or should underlying
assumptions prove incorrect, actual results and plans could
different materially from those expressed in any forward-looking
statements. Additional information concerning these and other
factors that may impact the operations and projections discussed
herein can be found in Kensington's periodic filings with the SEC,
and the proxy statement/prospectus of Wallbox B.V. in the
registration statement on Form F-4 filed with the SEC. Kensington's
and Wallbox B.V.'s SEC filings are available publicly on the SEC's
website at www.sec.gov.
Contacts:
For Wallbox
Investors
ICR, Inc.
investors@wallbox.com
Media
ICR, Inc.
WallboxPR@icrinc.com
For Kensington
Dan Huber
dan@kensington-cap.com
703-674-6514
For Seaya Ventures
Álvaro Troyano
at@seayaventures.com
Related Links:
www.wallbox.com
www.autospac.com
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SOURCE Kensington Capital Acquisition Corp. II
