Axon Enterprise Announces Exchange of Convertible Senior Notes

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announced the exchange of approximately $177.9 million aggregate principal amount of its 0.50% convertible senior notes due 2027 for cash and shares of its common stock. The exchange is expected to result in the issuance of approximately 468,000 shares of common stock. This action is an unregistered sale of equity securities under Item 3.02 and is considered a corporate update under Item 8.01.

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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.