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  "documentTitle": "Wix | Results Presentation Deck | 27 slides",
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  "authorName": "Wix",
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  "presentationDate": "2018-07-01 00:00:00",
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  "notes": "Details financial transactions related to convertible notes issuance and over-allotment options.",
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      "text": "Convertible notes issuance",
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      "text": "In aggregate, we issued $443.8 million of 0% Convertible Senior Notes due 2023 and total net proceeds to us were $385.9 million.",
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      "text": "On June 21, we issued $385 million of 0% Convertible Senior Notes due 2023. The Notes will not bear regular interest, and the principal amount of the Notes will not accrete. In connection with this issuance, we also entered into privately negotiated capped call transactions. These capped call transactions are expected to reduce the potential dilution to the ordinary shares of Wix upon any conversion of Notes. The cap price of the capped call transactions will initially be $211.30 per share, which represents a premium of 100% over the last reported sale price of the ordinary shares of Wix of $105.65 per share on June 21, 2018.",
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      "text": "Net proceeds from the issuance of the Notes in the second quarter were $335 million after deducting fees and expenses associated with the offering and the cost of the capped call transactions. Our financial statements for the second quarter ending June 30 reflect these transactions.",
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      "text": "On July 3, the initial purchases of the Notes exercised their over-allotment option in full to purchase an additional $57.75 million in aggregate principal amount of the Notes. Our net proceeds from this additional issuance was $50 million, after deducting fees and expenses associated with the offering and the cost of the capped call transactions. These transactions will appear on our third quarter financial statements ending September 30.",
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