Axon prices $1.0B 0% convertible notes due 2031

Axon priced $1.0B of 0% convertible senior notes due 2031, with an option to issue an additional $150M. The initial conversion price is about $652.06 per share, and the capped call has a $1,049.94 cap. Net proceeds are expected at about $986.0M, with closing expected Sept. 18, 2026.