secwatch.observer — SEC 8-K summary
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Issuer:     AXON ENTERPRISE, INC. (AXON)
CIK:        0001069183
Form:       8-K
Filed at:   2026-09-21T10:02:06+00:00
Accession:  0001193125-26-395997
Event type: debt
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Axon prices $1.15B 0% convertible notes due 2031, buys capped calls at 137.5% premium
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- Issued $1.15B 0% convertible notes due 2031; conversion price $652.06/share, rate 1.5336 shares per $1k.
- Net proceeds ~$1.134B after full over-allotment; $114.9M used for capped call transactions.
- Capped call cap price $1,049.94/share (137.5% premium over $442.08 close), reducing conversion dilution.
- Notes mature Sept 15, 2031; no regular interest; senior unsecured; no financial covenants.
- Over-allotment option exercised in full; offering closed Sept 18, 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1069183/000119312526395997/0001193125-26-395997-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1069183/000119312526395997/d476163d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-395997

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