Axon prices $600M 0.5% convertible notes due 2027, upsized from $500M

AXON ENTERPRISE, INC.

Principal amount $600M; initial purchasers option for additional $90M.
Net proceeds est. $585.8M ($673.8M with full exercise); $61.5M for note hedge cost, balance for growth.
Initial conversion price $228.73/share (35% premium over $169.43 close).
Entered convertible note hedge and warrant transactions; warrant strike $338.86/share (100% premium).
Notes are senior unsecured, mature Dec 15, 2027, bear 0.5% interest semi-annual.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.