Axon prices $1 billion of convertible notes

Axon priced a $1 billion offering of 0% convertible senior notes due 2031. Settlement expected Sept. 18, 2026; net proceeds seen at about $986 million. Underwriters hold an option for up to $150 million additional notes; net proceeds would rise to about $1.13 billion. About $99.9 million of net proceeds earmarked for capped call transactions; remainder for general corporate purposes.