Axon Enterprise, a public safety technology company, has priced an offering of $1 billion in 0% convertible senior notes due 2031. The company expects to receive approximately $986 million in net proceeds, which will be used to cover the cost of capped call transactions and for general corporate purposes, including supporting growth and potential acquisitions or investments. The notes will mature on September 15, 2031, and can be converted into Axon's common stock under specific conditions.
Axon Enterprise (AXON) has seen a significant one-day change, with its price down 9.47% to USD 443.75 as of Sep 16, 2026 12:01 WIB, following its announcement of a $1.0 billion convertible senior notes offering. The company's market capitalization stands at $39.82 billion, with its current price well below its 52-week high of $777.58.
