Wix Prices $1B Convertible Notes
Ticker: WIX · Form: 6-K · Filed: 2025-09-09T00:00:00.000Z
Sentiment: neutral
Topics: debt-offering, convertible-notes, private-placement
Related Tickers: WIX
TL;DR
Wix just sold $1B in 0% convertible notes to big investors.
AI Summary
On September 8, 2025, Wix.com Ltd. announced the pricing of $1.0 billion in 0.00% convertible senior notes. This private offering was made to qualified institutional buyers under Rule 144A of the Securities Act of 1933.
Why It Matters
This offering provides Wix with capital, potentially for expansion or operational needs, while offering investors convertible debt with a 0% coupon.
Risk Assessment
Risk Level: medium — Convertible notes can dilute existing shareholders if converted, and the 0% interest rate implies a focus on equity upside for investors.
Key Numbers
- $1.0 billion — Convertible Senior Notes (Principal amount raised in a private offering.)
- 0.00% — Coupon Rate (Interest rate on the convertible senior notes.)
Key Players & Entities
- Wix.com Ltd. (company) — Issuer of the notes
- NASDAQ:WIX (company) — Stock ticker for Wix.com Ltd.
- $1.0 billion (dollar_amount) — Principal amount of convertible senior notes
- September 8, 2025 (date) — Date of the press release announcing the pricing
- Rule 144A (legal_document) — Regulation under which the private offering was conducted
FAQ
What is the maturity date of the convertible senior notes?
The filing does not specify the maturity date of the 0.00% convertible senior notes.
What is the conversion price or ratio for these notes?
The filing does not disclose the specific conversion price or ratio for the 0.00% convertible senior notes.
Are there any specific use of proceeds mentioned for the $1.0 billion raised?
The filing does not detail the specific use of proceeds from the $1.0 billion convertible senior notes offering.
Who are the qualified institutional buyers involved in this private offering?
The filing states the offering was to 'qualified institutional buyers' but does not name them.
What are the covenants or restrictions associated with these convertible notes?
The filing does not provide details on covenants or restrictions related to the 0.00% convertible senior notes.
From the Filing
0001628280-25-041791.txt : 20250909 0001628280-25-041791.hdr.sgml : 20250909 20250909065015 ACCESSION NUMBER: 0001628280-25-041791 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20250908 FILED AS OF DATE: 20250909 DATE AS OF CHANGE: 20250909 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Wix.com Ltd. CENTRAL INDEX KEY: 0001576789 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. [7370] ORGANIZATION NAME: 06 Technology EIN: 000000000 STATE OF INCORPORATION: L3 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-36158 FILM NUMBER: 251301623 BUSINESS ADDRESS: ADDRESS IS A NON US LOCATION: YES STREET 1: 5 YUNITSMAN ST. CITY: TEL AVIV PROVINCE COUNTRY: L3 BUSINESS PHONE: 97235454900 MAIL ADDRESS: ADDRESS IS A NON US LOCATION: YES STREET 1: 5 YUNITSMAN ST. CITY: TEL AVIV PROVINCE COUNTRY: L3 FORMER COMPANY: FORMER CONFORMED NAME: Wixpress Ltd. DATE OF NAME CHANGE: 20130513 6-K 1 pricing-launch6xk.htm 6-K 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 September 2025 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 September 8, 2025, Wix.com Ltd. (NASDAQ:WIX) issued a press release announcing the pricing of $1.0 billion principal amount of 0.00% convertible senior notes in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended. A copy of the press release is attached as Exhibit 99.1 to this Report on Form 6-K. 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: September 9, 2025                             WIX.COM LTD. By:     /s/ Naama Kaenan Name:     Naama Kaenan Title:     General Counsel EXHIBIT INDEX The following exhibit is furnished as part of this Form 6-K: Exhibit Description 99.1 Press release dated September 8, 2025 titled “Wix Announces Pricing of Upsized Private Offering of $1 .0 billion of 0.00% Convertible Senior Notes due 2030”. EX-99.1 2 wixannoucepricingofupsized.htm EX-99.1 Document Exhibit 99.1 Wix Announces Pricing of Upsized Private Offering of $1.0 billion of 0.00% Convertible Senior Notes due 2030 NEW YORK , September 8, 2025 – Wix.com Ltd. (Nasdaq: WIX) (“Wix”), the leading SaaS website builder platform 1 , today announced the pricing of $1.0 billion aggregate principal amount of 0.00% Convertible Senior Notes due 2030 (the “Notes”) in a private offering (the “Offering”) to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The Offering was upsized from the previously announced offering size of $750.0 million aggregate principal amount of Notes. In connection with the Offering, Wix has granted the initial purchasers of the Notes a 13-day option to purchase up to an additional $150.0 million aggregate principal amount of the Notes. The sale of the Notes to the initial purchasers is expected to settle on September 11, 2025, subject to customary closing conditions. The Notes will not bear regular interest, and the principal amount