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Axon Enterprise Plans $1 Billion Offering of 0% Convertible Senior Notes Due 2031

Axon Enterprise Plans $1 Billion Offering of 0% Convertible Senior Notes Due 2031

MT newswireMT newswire2026/09/15 12:04
08:04 AM EDT, 09/15/2026 (MT Newswires) -- Axon Enterprise (AXON) said Tuesday that it intends to offer $1 billion of 0% convertible senior notes due 2031 in a registered public offering. The company expects to grant underwriters an option to purchase up to an additional $150 million of notes to cover over-allotments, it said. Axon said it plans to use part of the net proceeds to fund capped call transactions, with the remainder for general corporate purposes, including growth investments and potential acquisitions. The notes will mature on Sept. 15, 2031, unless earlier converted, redeemed or repurchased, and will not bear regular interest, it added.
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