Axon Prices $1 Billion of 0% Convertible Notes Due 2031

Axon priced $1.0 billion of 0% convertible senior notes due September 15, 2031, with settlement expected September 18, 2026, and expects approximately $986.0 million in net proceeds, or $1.1343 billion if the $150 million over-allotment is fully exercised. The company will use $99.9 million for capped call transactions designed to reduce potential dilution, with the remaining proceeds available for general corporate purposes, including growth investments and acquisitions; the notes have an initial conversion price of approximately $652.06 per share.