Wallbox N.V. (NYSE: WBX) received approval from the Commercial Court of Barcelona for its financial restructuring plan, originally signed in April 2026, according to a company statement.

The court approval makes the restructuring plan binding on all affected financial and non-financial creditors of the electric vehicle charging solutions provider. The plan will become fully effective following completion of customary formalities expected in the coming days.

The restructuring involves refinancing approximately €169.6 million of the company's outstanding financial debt and includes a capital increase. The company stated this refinancing will strengthen its liquidity position and support operational continuity.

"We would like to thank our creditors for the trust they have placed in the company throughout this process," said Enric Asunción, co-founder and CEO of Wallbox. "With the court approval of the plan and its imminent effectiveness, Wallbox enters a new phase with a clear roadmap, focused on its strategic markets and on executing the necessary measures to move decisively toward profitability."

Following completion of the refinancing, Wallbox plans to continue operational improvements and cost initiatives aimed at achieving sustainable profitability. The Barcelona-based company provides electric vehicle charging and energy management solutions in more than 100 countries.

The information is based on a company press release statement.