Axon Stock Falls 10% on a $1 Billion Convertible Offering
Axon Enterprise Inc. NASDAQ:AXON fell 9.93% intraday after announcing a proposed $1.0 billion offering of 0% convertible senior notes due September2031, with a further $150 million available to underwriters to cover over-allotments. Goldman Sachs, Morgan Stanley, J.P. Morgan, RBC Capital Markets an…