AXON Raises $1.15B in 0% Convertible Notes Due 2031
Axon Enterprise sold $1 billion in zero-coupon convertible senior notes, plus a $150 million over-allotment option, to fund capped calls and general corporate uses.
Axon Enterprise (AXON) has entered into an underwriting agreement to issue $1 billion in aggregate principal amount of 0% Convertible Senior Notes due 2031, with underwriters holding an option to purchase up to an additional $150 million to cover over-allotments. Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC and J.P. Morgan Securities LLC are acting as representatives of the underwriters in the deal, dated September 15, 2026.
