Axon Enterprise, Inc.
Axon Enterprise Announces Private Exchange of Convertible Senior Notes
Summary
On March 6, 2025, Axon Enterprise, Inc. entered into agreements to exchange approximately $407.5 million aggregate principal amount of its 0.50% convertible senior notes due 2027 for cash and shares of its common stock. The exchanges are expected to result in the issuance of approximately 1.0 million shares of common stock, with the closing anticipated around March 13, 2025. The shares to be issued are not registered under the Securities Act of 1933 or any state securities laws and may not be offered or sold without registration or an exemption. The transaction is exempt from registration requirements under Section 4(a)(2) of the Securities Act, relying on representations from the note holders that they are qualified institutional buyers. This announcement does not constitute an offer to sell or the solicitation of an offer to buy the notes or shares in any jurisdiction where such offer, sale, or solicitation would be unlawful.
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About Axon Enterprise, Inc.
Axon Enterprise, Inc. is a technology company that develops and manufactures products and services for law enforcement, military, and civilian markets. Known for its innovations in public safety technology, Axon is best recognized for its development of non-lethal conducted energy weapons, including its flagship TASER brand, used by law enforcement agencies globally. Beyond hardware, the company has significantly expanded into software solutions by providing digital evidence management systems, body-worn cameras, and cloud-based platforms for managing data and video footage. These technological advancements enable more efficient data handling and facilitate improved transparency and accountability within law enforcement operations. Axon's products and services are pivotal in enhancing officer and civilian safety, strengthening its role as a key player in the public safety sector. By continuously evolving its technology offerings, Axon Enterprise, Inc. remains influential in shaping the future landscape of law enforcement and public safety technology.
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