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.
Axon Enterprise lowered its 2026 revenue forecast to $3.61-$3.63 billion on November 5, removing about $130 million due to delays in three Federal Dedrone counter-drone deployments. This revision followed an August 5 forecast increase to 32%-34% grow...
Axon Enterprise made its largest-ever investment by committing $1.2 billion to private drone maker Skydio, increasing its stake to 37% and becoming Skydio's exclusive public safety distributor in the U.S. and Canada. This move supports Axon's vision ...
Axon announced a $1.2 billion investment in Skydio, increasing its ownership stake by about 20% at a $5.2 billion valuation. This deal makes Axon the exclusive distributor of Skydio drones for public safety agencies in the U.S. and Canada, expanding ...
