Form 8-K · Current report
Axon Enterprise 8-K, filed Sep 21, 2026
- Filed
- CIK
- 0001069183
- Accession no.
- 0001193125-26-395997
Summary
Axon Enterprise issued and sold $1.15 billion aggregate principal amount of 0% convertible senior notes due 2031, including $150 million sold after underwriters fully exercised their over-allotment option, under an indenture dated September 18, 2026. The notes mature September 15, 2031, carry an initial conversion rate of 1.5336 shares per $1,000 principal (about $652.06 per share), and are unsecured obligations.
Key points
- The notes bear no regular interest and may pay special interest as the sole remedy for certain reporting defaults, subject to specified rates and periods.
- The notes are convertible only under specified conditions before June 15, 2031, and at any time on or after that date until near maturity.
- Axon may redeem the notes on or after September 20, 2029, if the Common Stock price condition is met, and holders may require repurchase on or around March 20, 2031.
- The indenture contains no financial or operating covenants or dividend restrictions and provides for acceleration upon specified events of default.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 1.01Entry into a Material Definitive Agreement
- 2.03Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
- 7.01Regulation FD Disclosure
- 9.01Financial Statements and Exhibits
From the filing
Item 1.01 Entry into a Material Definitive Agreement Indenture and Notes On September 18, 2026, Axon Enterprise, Inc. (the “Company”) issued and sold $1,150.0 million aggregate principal amount of its 0% Convertible Senior Notes due 2031 (the “Notes”), which amount includes $150.0 million aggregate principal amount of Notes sold pursuant to the Underwriters’ (as defined below) full exercise of their over-allotment option granted by the Underwriting Agreement described below. The Notes were issued pursuant to a base indenture (the “Base Indenture”), dated as of September 18, 2026, between the Company and U.S. …
An excerpt of the text as filed with the SEC, cut for length.
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