Wallbox N.V. (NYSE: WBX) completed its creditor accession process for a financial restructuring plan, with HSBC and Citibank joining as participating creditors, the electric vehicle charging company announced.

The Barcelona-based company secured approximately €11 million in interim financing from certain shareholders and participating banks following the agreement signing. The financing provides near-term liquidity as part of the restructuring process execution.

The restructuring plan includes participation from Spanish financial institutions Banco Santander, Banco Bilbao Vizcaya Argentaria, CaixaBank, Instituto de Crédito Oficial, Mora Banc Grup, Cofides, Institut Català de Finances, and EBN Banco de Negocios. Strategic shareholders participating include Orilla Asset Management, Inversiones Financieras Perseo (Grupo Iberdrola), AM Gestio, Consilium, Mingkiri, and CEO Enric Asunción. The Generalitat de Catalunya joins as a new institutional investor through IFEM.

"The support for our restructuring plan reflects growing confidence in a robust restructuring plan, and we believe underscores our partners' confidence in Wallbox's strategy and operational capabilities," said Enric Asunción, co-founder and CEO.

Wallbox submitted the restructuring plan to the Commercial Court of First Instance in Barcelona for approval. Once approved, the plan becomes binding on all affected creditors, allowing the company to proceed with its new capital structure.

The company originally signed the restructuring agreement on April 8 with its main financial creditors and shareholders. Wallbox provides electric vehicle charging and energy management solutions in over 100 countries.