6-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO SECTION 13A-16 OR 15D-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of May 2023

Commission File Number: 001-40865

Wallbox N.V.

(Translation of registrant’s name into English)

Carrer del Foc, 68

Barcelona, Spain 08038

Tel: +34 930 181 668

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F  ☒                Form 40-F  ☐

EXPLANATORY NOTE

On May 4, 2023, Wallbox N.V. (the “Company” or “Wallbox”) released information regarding its results of operations for the three months ended March 31, 2023. A copy of the Company’s press release and presentation materials are furnished hereto as Exhibits 99.1 and 99.2, respectively.

WALLBOX N.V. FIRST QUARTER 2023 FINANCIAL RESULTS

First Quarter 2023 Highlights

• For the quarter ended March 31, 2023, the Company had revenue of €35.1 million, an increase of 24% compared to the same period in 2022, gross margin of 36.8%, an increase of 90 basis points compared to the fourth quarter of 2022, and operating loss of €36.6 million.

• During the three months ended March 31, 2023, the Company realized approximately €10 million in cash savings and reduced its operating expenses by more than €8 million under its previously announced cost reduction program.

• The Company announced new products and capabilities, including Pulsar Pro, ENERGY STAR, Supernova 180, and Supernova Gen2.

• At March 31, 2023, the Company had €67 million in long-term debt and €66 million in cash and cash equivalents, each of which included €25 million in borrowings under a new term loan facility with Banco Bilbao Vizcaya Argentaria S.A.

• Investments in property, plant and equipment during the three months ended March 31, 2023 were €3 million.

• The Company entered the Japanese market.

• During the three months ended March 31, 2023, Wallbox sold approximately 45,000 chargers worldwide.

• Geographic growth during the three months ended March 31, 2023 compared to the same period in 2022 was as follows:

• U.S. – 126%

• Europe (excluding S. Europe) – 18%

• S. Europe (Spain, Portugal, Italy and Greece) – 110%

• Latin America – 60%

• During the three months ended March 31, 2023, the following geographic regions represented the following percentage of total revenue for the period:

• U.S. – 16%

• Europe – 80%

• Asia Pacific – 2%

• Latin America – 1%

Definitions and Basis of Presentation

• Gross Margin is defined as revenue less changes in inventory, raw materials and other consumables used.

• Operating loss consists of the Company’s revenue and other income less changes in inventories and raw materials and consumables used, employee benefits, other operating expenses and amortization and depreciation.

• Revenue consists of retail sales, sales from distributors, resellers and installer customers of charging solutions for EVs, which includes electronic chargers and other services.

INCORPORATION BY REFERENCE

The information included in this Report on Form 6-K under the heading “Wallbox N.V. First Quarter 2023 Financial Results” is hereby incorporated by reference into the Company’s Registration Statement on Form S-8 (File No. 333-263795) and Registration Statements on Form F-3 (Files No. 333-268347, 333-268792 and 333-271116) and to be a part thereof from the date on which this report is filed, to the extent not superseded by documents or reports subsequently filed or furnished. Exhibit 99.1 and Exhibit 99.2 hereto shall not be deemed incorporated by reference into such registration statements.

EXHIBIT INDEX

Exhibit No.	Description
99.1	Wallbox N.V. Press Release, dated May 4, 2023
99.2	Wallbox N.V. Presentation, dated May 4, 2023

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	Wallbox N.V.
Date: May 4, 2023	By:	/s/ Enric Asunción Escorsa
		Enric Asunción Escorsa
		Chief Executive Officer

EX-99.1

Exhibit 99.1

Wallbox Announces First Quarter 2023 Financial Results

BARCELONA, SPAIN - May 4, 2023 - Wallbox N.V. (NYSE:WBX), a leading provider of electric vehicle (EV) charging and energy management solutions worldwide, today announced its financial results for the first quarter ended March 31, 2023 and provided a business update.

First Quarter 2023 Highlights:

• Successfully executed its cost reduction program, driving almost €10 million of cash savings from the previous quarter.

• Achieved gross margins on 36.8%, a sequential improvement of 90 basis points

• Announced new products and capabilities including Pulsar Pro, ENERGY STAR, Supernova 180, and Supernova Gen2, which open new opportunities and expand the addressable market.

• Generated revenues of €35.1 million, an increase of 24% compared to the first quarter of 2022

• Raised an additional €25 million of long-term debt to further strengthen the balance sheet

• Entered the Japanese market, one of the most exciting and sophisticated markets for EV charging.

Executive Commentary

Enric Asuncion, CEO of Wallbox, said, “The first quarter of 2023 played out in-line or better than we anticipated. Our cost reduction program is driving meaningful operating leverage through the business, and resulted in almost €10 million of cash savings from the prior quarter. While we are focused on achieving profitability and improving our balance sheet in the short-term, our long-term strategy of introducing new, innovative products and entering new markets is quickly yielding results. Our portfolio has never been in better shape and we are very well positioned to meet the huge demand we see ahead.”

Financial Outlook

The following reflects the company’s expectations for select key financial metrics for the second quarter and full-year 2023.

• Expect second quarter 2023 revenue between €40 million and €50 million

• Expect gross margin flat to slightly up sequentially

• Continue to expect full-year 2023 revenue between €240 million and €290 million

Conference Call Information

Wallbox NV will host a conference call to discuss the results and provide a business update at 8:00 AM Eastern Time today, May 4, 2023. The live audio webcast and accompanying presentation, will be accessible on Wallbox’s Investor Relations website at https://investors.wallbox.com/overview/default.aspx. A recording of the webcast will also be available following the conference call.

Wallbox Forward Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). All statements contained in this press release other than statements of historical fact should be considered forward-looking statements, including, without limitation, statements regarding Wallbox’s future operating results and financial position, business strategy and plans, market growth and market opportunity and objectives for future operations. The words “anticipate,” “believe,” “can,” “continue,” “could,” “estimate,” “expect,” “forecast,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “”target,” will,” “would” and similar expressions are intended to identify forward-looking statements, though not all forward-looking statements use these words or expressions. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to: Wallbox’s history of operating losses as an early stage company; the adoption and demand for electric vehicles including the success of alternative fuels, changes to rebates, tax credits and the impact of government incentives; Wallbox’s ability to successfully manage its growth; the accuracy of Wallbox’s forecasts and projections including those regarding its market opportunity; competition; risks related to health pandemics including those of COVID-19; losses or disruptions in Wallbox’s supply or manufacturing partners; impacts resulting from the conflict between Russia and Ukraine; risks related to macro-economic conditions and inflation; Wallbox’s reliance on the third-parties outside of its control; risks related to Wallbox’s technology, intellectual property and infrastructure; as well as the other important factors discussed under the caption “Risk Factors’’ in Wallbox’s Annual Report on Form 20-F for the fiscal year ended December 31, 2022, as such factors may be updated from time to time in its other filings with the Securities and Exchange Commission (the “SEC”), accessible on the SEC’s website at www.sec.gov and the Investors Relations section of Wallbox’s website at investors.wallbox.com. Any such forward-looking statements represent management’s estimates as of the date of this press release. Any forward-looking statement that Wallbox makes in this press release speaks only as of the date of such statement. Except as required by law, Wallbox disclaims any obligation to update or revise, or to publicly announce any update or revision to, any of the forward-looking statements, whether as a result of new information, future events or otherwise.

Non-IFRS Financial Measures

Wallbox reports its financial information required in accordance with IFRS. This release includes financial measures not based on IFRS, including Adjusted EBITDA (the “Non-IFRS Measures”).

Wallbox defines Adjusted EBITDA as net income (loss) before depreciation and amortization, provision (benefit) for income taxes and interest expense adjusted to take account of the impact of certain non-cash and other items that we do not consider in our evaluation of our ongoing operating performance. These non-cash and other items include, but not are limited to: change in fair value of convertible bonds and derivative warrants, share listing expenses, foreign exchange gains/(losses), share based payment expenses, costs relating to the business combination, other items outside the scope of our ordinary activities and share of profit of equity-accounted investees. Management uses these Non-IFRS Measures as measurements of operating performance because they assist management in comparing the Company’s operating performance on a consistent basis, as they remove the impact of items not directly resulting from the Company’s core operations; for planning purposes, including the preparation of management’s internal annual operating budget and financial projections; to evaluate the performance and effectiveness of our strategic initiatives; and to evaluate the Company’s capacity to fund capital expenditures and expand its business.

The Non-IFRS Measures may not be comparable to similar measures disclosed by other companies, because not all companies and analysts calculate these measures in the same manner. We present the Non-IFRS Measures because we consider them to be important supplemental measures of our performance, and we believe they are frequently used by securities analysts, investors and other interested parties in the evaluation of companies. Management believes that investors’ understanding of our performance is enhanced by including the Non-IFRS Measures as a reasonable basis for comparing our ongoing results of operations. By providing the Non-IFRS Measures, together with reconciliations to IFRS, we believe we are enhancing investors’ understanding of our business and our results of operations, as well as assisting investors in evaluating how well we are executing our strategic initiatives.

Items excluded from the Non-IFRS Measures are significant components in understanding and assessing financial performance. The Non-IFRS Measures have limitations as analytical tools and should not be considered in isolation, or as an alternative to, or a substitute for loss for the year, revenue or other financial statement data presented in our consolidated financial statements as indicators of financial performance. Some of the limitations are: such measures do not reflect revenue related to fulfillment, which is necessary to the operation of our business; such measures do not reflect our expenditures, or future requirements for capital expenditures or contractual commitments; such measures do not reflect changes in our working capital needs; such measures do not reflect our share based payments, income tax benefit/(expense) or the amounts necessary to pay our taxes; although depreciation and amortization are not included in the calculation of Adjusted EBITDA, the assets being depreciated and amortized will often have to be replaced in the future and such measures do not reflect any costs for such replacements; and other companies may calculate such measures differently than we do, limiting their usefulness as comparative measures.

Due to these limitations, Adjusted EBITDA should not be considered as a measure of discretionary cash available to us to invest in the growth of our business and are in addition to, not a substitute for or superior to, measures of financial performance prepared in accordance with IFRS. In addition, the Non-IFRS Measures we use may differ from the non-IFRS financial measures used by other companies and are not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with IFRS. Furthermore, not all companies or analysts may calculate similarly titled measures in the same manner. We compensate for these limitations by relying primarily on our IFRS results and using the Non-IFRS Measures only as supplemental measures.

About Wallbox

Wallbox is a global technology company, dedicated to changing the way the world uses energy. 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 offers a complete portfolio of charging and energy management solutions for residential, semi-public and public use in more than 115 countries around the world. Founded in 2015 and headquartered in Barcelona, the company now employs approximately 1,200 people in its offices in Europe, Asia, and the Americas. For additional information, please visit www.wallbox.com.

Wallbox Public Relations Contact:	Wallbox Investor Contact:
Elyce Behrsin	Matt Tractenberg
Public Relations	VP, Investor Relations
Press@wallbox.com	Matt.Tractenberg@wallbox.com
+34 622 513 358	+1 404-574-1504

Source: Wallbox NV

EX-99.2

M A Y 2 0 2 3 M A Y 4 2023 Exhibit 99.2 Earnings Report

Enric Asunción Jordi Lainz Douglas Alfaro Matt Tractenberg Co-Founder & Chief Chief Financial Officer Chief Business Officer VP, Investor Relations Executive Officer Q1 2O23 EARNINGS REPORT 2

Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). All statements contained in this presentation other than statements of historical fact should be considered forward-looking statements, including, without limitation, statements regarding Wallbox’s future operating results and financial position, business strategy and plans, market growth and objectives for future operations. The words “anticipate,” “believe,” “can,” “continue,” “could,” “estimate,” “expect,” “forecast,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “”target,” will,” “would” and similar expressions are intended to identify forward-looking statements, though not all forward-looking statements use these words or expressions. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to: Wallbox’s history of operating losses as an early stage company; the adoption and demand for electric vehicles including the success of alternative fuels, changes to rebates, tax credits and the impact of government incentives; Wallbox’s ability to successfully manage its growth; the accuracy of Wallbox’s forecasts and projections including those regarding its market opportunity; competition; risks related to health pandemics including those of COVID-19; losses or disruptions in Wallbox’s supply or manufacturing partners; impacts resulting from the conflict between Russia and Ukraine; risks related to macro-economic conditions and inflation; Wallbox’s reliance on the third-parties outside of its control; risks related to Wallbox’s technology, intellectual property and infrastructure; as well as the other important factors discussed under the caption “Risk Factors'' in Wallbox’s Annual Report on Form 20-F for the fiscal year ended December 31, 2022, as such factors may be updated from time to time in its other filings with the Securities and Exchange Commission (the “SEC”), accessible on the SEC’s website at www.sec.gov and the Investors Relations section of Wallbox’s website at investors.wallbox.com. Any such forward-looking statements represent management’s estimates as of the date of this presentation. Any forward-looking statement that Wallbox makes in this presentation speaks only as of the date of such statement. Except as required by law, Wallbox disclaims any obligation to update or revise, or to publicly announce any update or revision to, any of the forward-looking statements, whether as a result of new information, future events or otherwise. This presentation includes certain financial measures not presented in accordance with International Financial Reporting Standards (“IFRS”). These financial measures are not measures of financial performance in accordance with IFRS and may exclude items that are significant in understanding and assessing our financial results. Therefore, these measures should not be considered in isolation or as an alternative to financial measures reported under IFRS. Reconciliations of these historical non-IFRS measures to the most directly comparable IFRS measures are provided in the Appendix. A reconciliation of the Company’s Adjusted EBITDA to the most directly comparable IFRS financial measure cannot be provided without unreasonable efforts and is not provided herein because of the inherent difficulty in forecasting and quantifying certain amounts that are necessary for such reconciliations, including adjustments that are made for future changes in the fair value of cash-settled share-based payment liabilities; foreign exchange gains/(losses) and the other adjustments reflected in our reconciliation of historical non-IFRS financial measures, the amounts of which, could be material. 3

E A R N I N G S R E P O R T What We’ll Cover Today Q1 Highlights Product Portfolio & Roadmap Path to Profitability Chief Business Officer Financial Review Market Outlook & Guidance Q&A

Q 1 H I G H L I G H T S Continuous focus Q1 REVENUE OF + on cutting costs Strengthening €35.1M + our balance sheet GROWTH OF 24% Forging new, + ON A YOY BASIS exciting partnership GROSS MARGINS EXPANDED BY Bringing new + products to market 90 Resiliency in the + FINISHING European EV market AT 36.8% 5 6

Q 1 G R O W T H New Opportunities CONTINUED TRACTION WITH OEMS, DISTRIBUTORS AND UTILITIES Including tailormade offerings with clients which include chargers on subscription basis, subsidized charging sessions, and energy management unlocking new business models GEOGRAPHIC GROWTH YOY +110% +60% +126% +18% 1 S. EUROPE LATAM US EUROPE 1. Including Spain, Portugal, Italy, Greece

Q 1 H I G H L I G H T S 1 Geographic Mix – Revenue 80% 16% EUROPE U.S. 2% APAC 1% LATAM 1. As a percentage of total Q1 2023 Revenue 7

Q 1 H I G H L I G H T S 1 Portfolio Breakout 12% DC CHARGING 70% AC CHARGING 18% SOFTWARE & SERVICES 1. As a percentage of total Q1 2023 Revenue 8

Q 1 H I G H L I G H T S Units Breakout UNITS SOLD AC UNITS IMPACTED BY PUBLIC CHARGING CHANNEL INVENTORY PORTFOLIO RAMPING UP 9

L O O K I N G F O R W A R D Product Portfolio AC PORTFOLIO DC PORTFOLIO SOFTWARE & SERVICES 10

L O O K I N G F O R W A R D AC Portfolio Highlights PULSAR NEW PRODUCT FAMILY FOR SEMI-PUBLIC New features and Ease of installation, open functionalities including NFC, standards, interoperability, and 4G and EnergyStar in the US centralized intelligence 11

L O O K I N G F O R W A R D DC Portfolio Highlights SUPERNOVA HYPERNOVA Fast commission times, Delivered in 2024, in reliability, uptime, low time for NEVI project TCO, Supernova Gen 2 deployments and Supernova 180 12

L O O K I N G F O R W A R D Software & Services COIL ELECTROMAPS MYWALLBOX SIRIUS Installation and Location and Proprietary charger Building energy maintenance payment application management management 13

L O O K I N G F O R W A R D Path to Profitability COST REDUCTION COST REDUCTION SCALE GROSS MARGIN HEADCOUNT OPEX Growth fueled by Cost engineering Headcount reduction of 15% Reduced Opex by more than established brand programs within all €8 million in the first quarter in fast growing product platforms Moderate reduction of (Partial period impact) markets personnel costs in Q1 with full Driving margin impact expected in Q2 Continue OPEX reduction Entering new improvement over time through 2023 markets, including Continue to find efficiencies business, public, and improve cost structure and services ‘’DROVE ALMOST €10M OF COST REDUCTION SEQUENTIALLY’’ ‘’WE’VE PROVEN THAT WE CAN BUILD A PROFITABLE BUSINESS UNIT ALREADY AND LOOK FORWARD AT THE NEXT STAGE AT WALLBOX‘’ 14

L O O K I N G F O R W A R D Competitive Strengths Leading Market Presence A top player in the markets we operate in Our leadership position allows us to establish partnerships with household brands A reputation for a high-quality and innovative portfolio 15 15

L O O K I N G F O R W A R D Competitive Strengths Leading Market Presence A top player in the markets we operate in Our leadership position Accessing New allows us to establish Verticals partnerships with household brands through New Products A reputation for a high-quality and innovative portfolio New customer segments have specific needs that require unique products 16 16

L O O K I N G F O R W A R D Competitive Strengths Leading Market Presence A top player in the Comprehensive markets we operate in Solutions Our leadership position Accessing New allows us to establish Solving problems Verticals partnerships with through hardware, household brands software, and through New installation & services Products A reputation for a high-quality and innovative portfolio Establishing Wallbox as a New customer segments partner, not just a have specific needs that vendor require unique products 17 17

L O O K I N G F O R W A R D Competitive Strengths Leading Market Presence A top player in the Comprehensive markets we operate in Global Solutions Our leadership position Accessing New Footprint allows us to establish Solving problems Verticals Global customer require partnerships with through hardware, global account household brands software, and through New management installation & services Products A reputation for a Providing global products high-quality and and services to our innovative portfolio Establishing Wallbox as a New customer segments partners partner, not just a have specific needs that vendor require unique products Allowing us to be more efficient and effective, leveraging our capabilities across regions 18 18

F I N A N C I A L R E V I E W Overview Regional Mix Diversification 1 €35.1M 16% NA, 80% EMEA, 2% APAC, 1% LATAM Revenue DRIVEN BY Gross Margins Strong, 36.8% 2 Geographic Mix Driven by improvements in DC, Expecting full-year volume and mix. margin of approx. 38% New Products M&A Q1 Adjusted EBITDA Loss of €22M 3 SLIGHTLY OFFSET BY An improvement of almost €10M The full quarterly impact of cost reductions Channel Inventory – 30% – from just last quarter expected be realized in Q2 Management Timing of Several Large Deals 19 19

$43M €16M €15M F I N A N C I A L R E V I E W Key €25M €100M Financial Long-term Loan Discretionary ATM* Program Metrics €66M €67M Cash & Equivalents Long-term Debt €3M ~1,200 Property Plant & Equipment Employees * At-The-Market 20

Factors that give 2023 M A R K E T O U T L O O K us confidence Q2 Revenue Guidance Closing Partners are installing more of our chargers €40M - €50M than ever Thoughts & New products coming to market this year Guidance Full Year Revenue Guidance New revenue streams opened by those new €240M - €290M products Capturing opportunities from changing Gross Margin Expected to be competitive landscape flat for Q2 and approximately for the Benefiting from new full year partnerships 38% 21

M A Y 2 O 2 3 Q1 Earnings Report

FINANCIAL OVERVIEW 1 Reconciliation YEAR 2022 YEAR 2023 Unaudited, in € 000’s Q1 Q4 Q1 Operating Loss (36,604) (45,479) (19,416) Change in fair value of derivative warrant liabilities (8,110) 6,597 - Foreign exchange gains/(losses) 981 10,367 (896) Amortization and depreciation 6,399 6,833 3,934 Share of profit of equity accounted investee - 384 (714) EBITDA (37,334) (21,298) (17,092) 8,110 (6,597) - Change in fair value of derivative warrant liabilities (981) (10,367) 896 Foreign exchange gains/(losses) 1,797 - 122 One off expenses 6,651 5,845 - Employee Stock Options Plan 390 - - ESPP (non-cash) Other income (328) 606 (292) Adjusted EBITDA (21,695) (31,811) (16,366) 1. See slide 24 for definitions

Definitions and Disclosures 1 “EBITDA” is defined as loss for the year before income tax credit, financial income, interest expenses, amortization and depreciation. 2 “Adjusted EBITDA” is defined as loss for the year before depreciation and amortization, income tax credits, and financial income and interest expense further adjusted to take account of the impact of certain non-cash and other items that we do not consider in our evaluation of ongoing operating performance. These non-cash and other items include, but not are limited to; change in fair value of convertible bonds and derivative warrants, share listing expenses, foreign exchange gains and losses, share based payments expense and other one-off expenses/income related to special operations. 3 Operating loss consists of Wallbox’s revenue and other income less changes in inventories and raw materials and consumables used, employee benefits, other operating expenses and amortization and depreciation. 4 Wallbox’s revenue consists of retail sales, sales from distributors, resellers and installer customers of charging solutions for EVs, which includes electronic chargers and other services. 5 Gross Margin is defined as revenue less changes in inventory, raw materials and other consumables used. 6 Other operating expenses primarily consist of professional services, marketing expenses, external temporary workers expense, delivery expense, insurance premiums and other expenses, including leases of machinery with lease terms of 12 months or less and leases of office equipment with low value, including IT equipment. D E F I N I T I O N S