On September 18, 2026, Axon Enterprise issued $1.15 billion in aggregate principal amount of 0% Convertible Senior Notes due 2031, including the full exercise of a $150 million over-allotment option. The notes carry an initial conversion price of approximately $652.06 per share and mature on September 15, 2031. Concurrently, the company entered into capped call transactions costing approximately $114.9 million to mitigate potential dilution. Net proceeds are intended for general corporate purposes, including growth capital and acquisitions. Axon Enterprise operates in the public safety technology industry, providing TASER devices, body-worn cameras, drones, and digital evidence management solutions.
