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(CHPT), Moody s Corporation (NYSE:MCO) - Cramer Gives His Opinion On Nvidia, Spotify And More

(KCAC), BAYERISCHE MOTERENWE (BAMXF) - Electric Vehicle Charging Company Wallbox Gets SPAC Deal: What Investors Should Know

Share: The SPAC Deal: Wallbox will go public via SPAC merger with Kensington Capital Acquisition Corp II (NYSE: KCAC). The deal values the company at a pro forma enterprise value of $1.5 billion. Kensington Capital was the same SPAC group that took Quantumscape Corp (NYSE: QS) public in a SPAC merger. The company will trade on the New York Stock Exchange with ticker WBX after the merger and current KCAC public shareholders will own 12.9% of the company.  About Wallbox:  Established in 2015, Wallbox creates smart charging and energy management solutions. The company designs, manufactures and distributes electric vehicle charging solutions for the residential, public and semi-public sectors.

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