Deal Details

Axon Completes $1.0 Billion Convertible Senior Notes Offering

Technology & Services

Axon convertible senior notes offering

Summary

Axon Enterprise, Inc. (“Axon”) (NASDAQ: AXON) recently priced a public offering of $1.0 billion aggregate principal amount of 0% Convertible Senior Notes due 2031 (the “Notes” or the “Offering”). Axon has also granted the underwriters of the Notes an overallotment option to purchase up to an additional $150.0 million aggregate principal amount of Notes. Axon intends to use a portion of the net proceeds of the Offering of the Notes to pay the cost of the capped call transactions. Axon expects to use the remaining net proceeds for general corporate purposes, which may include, among other things, providing capital to support Axon's growth.

Baird served as a Co-manager on the Offering.

About

Axon is the global leader in public safety technology, relentlessly innovating to protect more lives in more places. Founder-led since 1993, Axon began with a mission to reimagine conflict in law enforcement and has grown into a global company serving everyone who takes on the responsibility of public safety, enterprise security and national security — from first responders and governments to companies, frontline workers and communities. Axon’s trusted network connects TASER energy devices, cameras and sensors including body-worn, fixed and in-car cameras, drones and robotics, digital evidence and records management, real-time operations, immersive training, productivity tools and AI-driven capabilities and insights. Designed to work seamlessly together, these solutions create a connected picture of safety that helps protect people and places with greater speed, clarity and accountability. Axon is headquartered in Scottsdale, Arizona.

Technology & Services

Axon convertible senior notes offering