Wix
additional items convertible notes issuance on june we issued million of convertible senior notes due 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 upon any conversion of notes the cap price of the capped call transactions will initially be per share which represents a premium of over the last reported sale price of the ordinary shares of of per share on june net proceeds from the issuance of the notes in the second quarter were 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 reflect these transactions on the initial purchases of the notes exercised their over allotment option in full to purchase an additional million in aggregate principal amount of the notes our net proceeds from this additional issuance was 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 in aggregate we issued million of convertible senior notes due and total net proceeds to us were million | Wix
Company
Wix
Deck Type
Sector
Industry
Deck date
July 2018
Slide
20 of 27
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