Axon targets USD 1 billion 0% convertible senior notes offering

• Axon launched a public offering of USD 1 billion 0% convertible senior notes due 2031.
• Underwriters hold an 11-day option to buy up to USD 150 million more notes, taking the potential total to USD 1.15 billion.
• Proceeds earmarked for capped call transactions, then general corporate purposes, including growth funding, acquisitions, investments.
• Notes mature Sept. 15, 2031; Axon can settle conversions in cash, stock, or a mix.
• Issuer redemption starts Sept. 20, 2029 if stock meets a 130% conversion-price trigger; holders can put notes on March 20, 2031.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. AXON Enterprise Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202609150705PR_NEWS_USPR_____LA47873) on September 15, 2026, and is solely responsible for the information contained therein.