---
schema_version: "secwatch.filing_event.v1"
accession: "0001069183-22-000062"
form_type: "8-K"
ticker: "AXON"
cik: "0001069183"
company_name: "AXON ENTERPRISE, INC."
filed_at: "2022-12-05T23:59:59+00:00"
generated_at: "2026-06-21T09:24:38.391923+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Axon proposes $500M convertible notes due 2027; updates risk factor on Illinois grand jury investigation

## Summary
- $500M convertible senior notes due 2027 (senior unsecured); underwriters can purchase additional $75M.
- Net proceeds for general corporate purposes, including growth and potential acquisitions; also to pay cost of note hedge transactions.
- Enters convertible note hedge and warrant transactions to reduce potential dilution upon conversion.
- Plans new unsecured revolving credit facility of up to $200M (can increase to $300M).
- Updates risk factor: U.S. Attorney's Office Northern District of Illinois grand jury investigation; company found no indication of wrongdoing.

## SEC filing metadata
- accession: 0001069183-22-000062
- form_type: 8-K
- ticker: AXON
- cik: 0001069183
- company_name: AXON ENTERPRISE, INC.
- filed_at: 2022-12-05T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1069183/000106918322000062/0001069183-22-000062-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1069183/000106918322000062/axon-20221205x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001069183-22-000062
- JSON: https://secwatch.observer/filing/0001069183-22-000062.json
- Plain text: https://secwatch.observer/filing/0001069183-22-000062.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.