Generac Holdings Reports 19.5% Stake in Wallbox N.V. Following Reverse Split and Warrant Activation

Generac Holdings Inc., through its wholly owned subsidiary Generac Power Systems, Inc. (GPS), has filed Amendment No. 1 to its Schedule 13D regarding its investment in Wallbox N.V. (WBX). The filing reports a beneficial ownership of 3,455,778 Class A ordinary shares, representing 19.5% of the class. This amendment reflects several key updates: a 1:20 reverse stock split by the issuer, the issuance of 229,938 warrants to GPS on October 9, 2025 (which became exercisable on April 9, 2026), and changes in the issuer's total outstanding shares. The warrants were granted under anti-dilution rights from previous agreements and have an exercise price of up to $61.00 per share. Additionally, the reporting persons may be deemed part of a group with Mr. Asuncion and Kariega Ventures, S.L. due to existing letter agreements, though they expressly disclaim beneficial ownership of shares held by those parties. The ownership calculation is based on 16,798,563 Class A shares outstanding as of March 1, 2026.