Wix.com Completes $225 Million Share Repurchase Program
Ticker: WIX · Form: 6-K · Filed: May 28, 2024 · CIK: 1576789
| Field | Detail |
|---|---|
| Company | Wix.Com Ltd. (WIX) |
| Form Type | 6-K |
| Filed Date | May 28, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 1 min |
| Key Dollar Amounts | $225 Million |
| Sentiment | neutral |
Sentiment: neutral
Topics: share-repurchase, capital-return, company-news
Related Tickers: WIX
TL;DR
WIX just finished buying back $225M in stock.
AI Summary
On May 28, 2024, Wix.com Ltd. announced the completion of its previously announced $225 million share repurchase program. This program was initiated to return capital to shareholders and manage its equity.
Why It Matters
The completion of this buyback program indicates Wix's commitment to returning value to its shareholders and potentially signals confidence in the company's stock valuation.
Risk Assessment
Risk Level: low — This filing is a routine announcement of a completed share repurchase program, which is a common corporate action.
Key Numbers
- $225 million — Share Repurchase Program (The total amount Wix.com Ltd. spent to repurchase its own shares.)
Key Players & Entities
- Wix.com Ltd. (company) — The company announcing the completion of the share repurchase program.
- $225 million (dollar_amount) — The total value of the completed share repurchase program.
- May 28, 2024 (date) — The date Wix.com Ltd. announced the completion of the program.
- NASDAQ: WIX (company) — The stock ticker for Wix.com Ltd.
FAQ
What was the total value of the share repurchase program completed by Wix.com Ltd.?
Wix.com Ltd. completed a share repurchase program valued at $225 million.
When did Wix.com Ltd. announce the completion of this program?
Wix.com Ltd. announced the completion of the program on May 28, 2024.
What is the ticker symbol for Wix.com Ltd.?
The ticker symbol for Wix.com Ltd. is WIX, traded on NASDAQ.
What type of filing is this document?
This document is a Form 6-K, which is a Report of Foreign Private Issuer.
What was the previous name of Wix.com Ltd.?
The previous name of Wix.com Ltd. was Wixpress Ltd., with a name change date of May 13, 2013.
Filing Stats: 206 words · 1 min read · ~1 pages · Grade level 8.3 · Accepted 2024-05-28 10:08:33
Key Financial Figures
- $225 Million — ase titled "Wix Announces Completion of $225 Million Share Repurchase Program". A copy of th
Filing Documents
- wix-6xkxcompletionof225mil.htm (6-K) — 10KB
- pr-completionof225millions.htm (EX-99.1) — 5KB
- 0001576789-24-000015.txt ( ) — 16KB
From the Filing
Document UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________ FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of May 2024 Commission File Number 001-36158 Wix.com Ltd. (Translation of registrant's name into English) 5 Yunitsman St., Tel Aviv, Israel, 6936025 (Address of principal executive offices) 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 28, 2024, Wix.com Ltd. (NASDAQ WIX) issued a press release titled "Wix Announces Completion of $225 Million Share Repurchase Program". A copy of this press release is attached to this Form 6-K as Exhibit 99.1 . SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Date May 28, 2024 WIX.COM LTD. By s Naama Kaenan Name Naama Kaenan Title General Counsel EXHIBIT INDEX The following exhibit is filed as part of this Form 6-K Exhibit Description 99.1 Press release dated May 28, 2024 titled "Wix Announces Completion of $225 Million Share Repurchase Program" .