Wall box

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

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Friday, September 24, 2021
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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").