Update: Axon Enterprise Shares Rise After it Prices $1 Billion Convertible Notes Offering

03:22 PM EDT, 09/16/2026 (MT Newswires) -- (Updates to add share movement in first paragraph and headline) Axon Enterprise (AXON) shares rose 6.7% in Wednesday trading after it priced an offering of $1 billion of convertible senior notes due 2031. Underwriters have been granted an 11-day option to purchase up to an additional $150 million of the notes to cover overallotments. The TASER maker said it expected offering to generate $986 million in net proceeds, which could reach $1.13 billion if underwriters fully exercise their overallotment option. The company said it plans to use $99.9 million of the net proceeds for capped call transactions and the remainder for general corporate purposes, including acquisitions and investments in products technologies. Price: 466.96, Change: +24.88, Percent Change: +5.63