KCAC

Collegiate Esports at Division II, III, and NAIA Conferences See Growing Popularity With Release of Fall Tournament/League Schedule, per Launch Esports

Retrieved on: 
Wednesday, October 13, 2021

Eric Ward, Commissioner of the Mid-South Conference had this to say: The Mid-South Conference is proud to partner with Launch Esports as we begin to compete as a conference this fall.

Key Points: 
  • Eric Ward, Commissioner of the Mid-South Conference had this to say: The Mid-South Conference is proud to partner with Launch Esports as we begin to compete as a conference this fall.
  • Their knowledge and expertise in competitive gaming will make our initial efforts to sponsor esports as a conference championship seamless and hassle-free.
  • Also, on November 12, 2021, Launch Esports co-presents the Inaugural The Future of College Esports conference at Future of Television.
  • Mainline is an esports tournament software and management company focused on providing customers with their own esports offerings.

Wallbox to Trade on NYSE Under Ticker “WBX”

Retrieved on: 
Monday, October 4, 2021

Wallbox shares will start trading today on the NYSE under the ticker symbol "WBX and warrants will trade under the ticker symbol WBX.WS.

Key Points: 
  • Wallbox shares will start trading today on the NYSE under the ticker symbol "WBX and warrants will trade under the ticker symbol WBX.WS.
  • With nine offices across three continents and a presence in more than 80 countries, Wallbox has sold more than 200,000 charging units since its founding in 2015.
  • One of the only truly global players in its industry, Wallbox operates a vertically integrated supply chain, managing its production internally.
  • Hughes Hubbard & Reed LLP served as legal advisor to Kensington and Latham and Watkins LLP served as legal advisor to Wallbox.

Wallbox Appoints Beatriz González to Board of Directors

Retrieved on: 
Friday, October 1, 2021

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.

Key Points: 
  • "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 Gonzlez.
  • Through this latest appointment, Wallbox's Board of Directors following the business combination with Kensington now includes Enric Asuncin, Anders Pettersson, Francisco Riberas, Diego Diaz, Pol Soler, and Beatriz Gonzlez.
  • "The addition of Beatriz Gonzlez 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.
  • 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.

Kensington Capital Acquisition Corp. II and Wallbox Announce Final Exchange Ratio for Proposed Business Combination

Retrieved on: 
Friday, September 24, 2021

WESTBURY, N.Y. and BARCELONA, SPAIN, Sept. 24, 2021 /PRNewswire/ -- Kensington Capital Acquisition Corp. II (NYSE: KCAC) ("Kensington") and Wall Box Chargers, S.L.

Key Points: 
  • WESTBURY, N.Y. and BARCELONA, SPAIN, Sept. 24, 2021 /PRNewswire/ -- Kensington Capital Acquisition Corp. II (NYSE: KCAC) ("Kensington") and Wall Box Chargers, S.L.
  • ("Wallbox") today announced that they have determined the exchange ratio to be 240.990816528527 as of the anticipated date for Closing (as defined below) in accordance with the terms of the Business Combination Agreement, dated as of June 9, 2021 (the "Business Combination Agreement"), among Kensington, Wallbox B.V. ("Holdco"), Orion Merger Sub Corp. and Wallbox, pursuant to which, among other things, Kensington and Wallbox will enter into a business combination.
  • 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.
  • ("Wallbox"), Wallbox B.V. and Kensington Capital Acquisition Corp. II ("Kensington").

Wallbox To Establish Its First U.S. EV Charging Systems Manufacturing Facility In Arlington, Texas

Retrieved on: 
Wednesday, September 1, 2021

MOUNTAIN VIEW, Calif. and ARLINGTON, Texas, Sept. 1, 2021 /PRNewswire/ -- Wallbox, a leading provider of electric vehicle (EV) charging solutions, today announced the selection of Arlington, Texas as the location of its first U.S. manufacturing facility.

Key Points: 
  • MOUNTAIN VIEW, Calif. and ARLINGTON, Texas, Sept. 1, 2021 /PRNewswire/ -- Wallbox, a leading provider of electric vehicle (EV) charging solutions, today announced the selection of Arlington, Texas as the location of its first U.S. manufacturing facility.
  • The Arlington facility will be Wallbox's fourth manufacturing site, additive to two facilities in Europe and one in China.
  • 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 To Participate In Cowen's 14th Annual Global Transportation & Sustainable Mobility Conference

Retrieved on: 
Tuesday, August 31, 2021

BARCELONA, Spain and WESTBURY, N.Y., Aug. 31, 2021 /PRNewswire/ -- Wallbox, a leading provider of electric vehicle (EV) charging solutions, today announced that the company will participate in the upcoming Cowen Annual Global Transportation & Sustainable Mobility Conference on Wednesday, September 8, 2021.

Key Points: 
  • BARCELONA, Spain and WESTBURY, N.Y., Aug. 31, 2021 /PRNewswire/ -- Wallbox, a leading provider of electric vehicle (EV) charging solutions, today announced that the company will participate in the upcoming Cowen Annual Global Transportation & Sustainable Mobility Conference on Wednesday, September 8, 2021.
  • Upon closing of the transaction, the combined company will be named Wallbox and listed on the NYSE and trade under the new ticker symbol "WBX".
  • Wallbox is a global company, dedicated to changing the way the world uses energy in the electric vehicle industry.
  • Wallbox creates smart charging systems that combine innovative technology with outstanding design and manage the communication between vehicle, grid, building and charger.

Wallbox Names Diego Diaz And Pol Soler To Post-Merger Combined Company Board Of Directors

Retrieved on: 
Tuesday, August 24, 2021

Pol Soler is the CEO of Quadis, a leading car dealership network in Southern Europe representing over 30 OEMs. An investor in local and international startups in the transportation space, Soler was an early investor in Wallbox and has been a member of the board since 2016. He brings over fifteen years of experience in the automotive and transportation industries at Quadis, the most recent eight as the company's CEO. With hands-on experience working with over 30 OEM brands and a unique understanding of car dealerships -- one of the largest distribution channels for residential EV chargers -- Soler's expertise will help Wallbox deepen its presence in these markets and continue its expansion worldwide.

Key Points: 
  • Ahead of Wallbox's plans to go public, Diaz will now transition to a member of the Board of Directors.
  • "I am honored to up level my role within the company and serve on its board of directors," said Diaz.
  • Pol Soler is the CEO of Quadis, a leading car dealership network in Southern Europe representing over 30 OEMs.
  • Through these appointments, Wallbox's Board of Directors following the business combination with Kensington now includes Enric Asuncin, Anders Pettersson, Francisco Riberas, Diego Diaz and Pol Soler.

Launch Esports Announces First Slate of Div. II and NAIA Conferences Paving the Way for Collegiate Esports Structure and Continuity

Retrieved on: 
Thursday, August 5, 2021

Launch Esports provides competition infrastructure, broadcasting and management of esports rights for Division II, Division III, NAIA and community college conferences and universities, including KCAC, Mid-South Conference, Conference Carolinas, Sooner Athletic Conference, and Red River Athletic Conference.

Key Points: 
  • Launch Esports provides competition infrastructure, broadcasting and management of esports rights for Division II, Division III, NAIA and community college conferences and universities, including KCAC, Mid-South Conference, Conference Carolinas, Sooner Athletic Conference, and Red River Athletic Conference.
  • Launch Esports and its member conferences are focused on the massive untapped opportunity to reach a community at over 1,500 schools across the nation, said Darin David, President of Launch Esports.
  • Todays announcements are the first of many to come for Launch Esports as it rolls out its plans to bring professionalism and commercialization opportunities to collegiate esports.
  • Launch anticipates adding additional conferences to create continuity across various NAIA, Division II, Division III and Community College that want to feature traditional conference play among their member schools.

Wallbox Closes First Half 2021 With Over 300% YOY Revenue Growth, Propelled By Global Expansion, Strategic Alliances And Growing Tailwinds

Retrieved on: 
Thursday, August 5, 2021

First half 2021 revenues increased more than 300% versus first half 2020 and were 15% ahead of budgeted expectations.

Key Points: 
  • First half 2021 revenues increased more than 300% versus first half 2020 and were 15% ahead of budgeted expectations.
  • In the period ended June 30, 2021, we achieved $32 million in revenues, which exceeded our budgeted projections by approximately 15% and was 30% greater than full-year 2020 revenue.
  • Over performing our budget in the first half of the year, along with several recently announced and ongoing initiatives, position us well to deliver on our previously disclosed full-year 2021 revenue target.
  • Wallbox is a global company, dedicated to changing the way the world uses energy in the electric vehicle industry.