Copec and Iberdrola-backed EV charger producer Wallbox is set to receive a New York Stock Exchange listing through the transaction.
Wallbox, a Spain-headquartered vehicle charging technology provider backed by energy utility Iberdrola and oil and gas supplier Copec, agreed a reverse takeover with special purpose acquisition company (SPAC) Kensington Capital Acquisition Corp II yesterday.
The deal will value the merged business at $1.5bn and it will take the New York Stock Exchange spot secured by Kensington Capital Acquisition Corp II in a $200m initial public offering in February this year.
Janus Henderson Investors, Luxor Capital, Cathay Innovation and Kensington…
