Director of Talent Acquisition - SG&A

Axon plans $1bn zero-coupon convertible notes offering. Axon Enterprise (Nasdaq: AXON) said on 15 September 2026 that it intends to offer $1.0bn of convertible senior notes carrying a 0% coupon, due 2031, in a public offering registered with US regulators. The notes carry no interest at all, a marked change from the 6.125% and 6.250% senior notes Axon priced just 18 months earlier, according to the company's announcement. Zero-coupon structure replaces cash-pay debt. Axon's exhibit attached to its own filing sets out the terms: $1.0bn aggregate principal, a public offering under the Securities Act of 1933 rather than a private placement, and a 2031 maturity, according to the filing with the Securities and Exchange Commission. That marks a shift in Axon's approach to debt markets. In March 2025 the company priced an upsized $1.0bn of 6.125% senior notes due 2030 alongside $750m of 6.250% notes due 2033, both cash-pay instruments carrying coupons more than six percentage points above the new deal, according to a separate 8-K exhibit filed in March 2025. Axon has used convertible structures before, at smaller scale. In December 2022 the company placed $690m of 0.50% convertible notes due 2027 in a private Rule 144A deal, according to law firm Davis Polk, which advised on that transaction. Axon has been unwinding that earlier issue this year: it redeemed $840,000 of principal and settled conversions on $80.27m of principal in February 2026, delivering roughly $80.3m in cash and 211,870 shares to noteholders, according to an 8-K covering that settlement. Credit facility upsize tied to the deal closing. The same disclosure that announced the convertible offering also revealed an amendment to Axon's revolving credit agreement with JPMorgan as administrative agent. The amendment lifts the facility from $300m to $500m, with an option to increase it by a further $150m, but the increase only takes effect once the convertible notes offering closes, according to the 8-K's Item 1.01 disclosure. Tying the credit-line expansion to the notes deal closing links the two pieces of the balance sheet together: Axon cannot draw on the larger facility unless the convertible raise goes through as planned. Shares near 20-day low as deal lands. The announcement landed as Axon shares traded near $475.29 as of 11:00 UTC on 15 September, down 4.06% on the day and roughly 20.8% below the 20-day high of $616.38, according to stock market data. Trading volume sat close to the 20-day average. Axon's revenue has kept climbing through that share-price slide. Quarterly revenue rose from $460.7m in the first quarter of 2024 to $904.4m in the second quarter of 2026, according to the company's quarterly filings with the SEC. Net income has been less consistent: Axon posted a net loss of $2.19m, or 3 cents a share, in the third quarter of 2025 despite the revenue growth, before rebounding to net income of $169.3m in the first quarter of 2026. Analyst sentiment on Axon has swung sharply in recent weeks. Argus raised its price target to $600 from $460 on 3 September, and a separate 'Top Pick' rating with an $825 target was reaffirmed on 10 September, according to CNN's markets tracker. Simply Wall St's fair-value model, meanwhile, has been revised down from roughly $521 to roughly $420 as analysts pared back revenue expectations. Financing against a firmer-rate backdrop. The 10-year US Treasury yield stood at 4.96% and the 2-year at 4.63% on 11 September, with the 10-year/2-year spread at 0.32 points, according to data from the Federal Reserve Bank of St Louis. Against that backdrop, a zero-coupon structure offers Axon financing well below prevailing market rates, provided investors are willing to accept the conversion terms in place of a cash yield. Pricing and final terms of the offering, including the conversion price, remain subject to market conditions, Axon said in its announcement, as first reported by Benzinga and confirmed separately by Seeking Alpha. Investors will get clarity on those terms, and on how the credit-facility upsize interacts with the raise, once the deal prices. This article is for information only and is not investment advice or a recommendation to buy or sell any asset. Markets move quickly; figures are correct as sourced at the time of writing. Always do your own research before making financial decisions.

Axon shares slide on $1.0B convertible note offering. Key moments. * Axon Enterprise, Inc. (NASDAQ:AXON) shares declined 5% after announcing a $1.0 billion 0% convertible senior notes offering due 2031. * The company may issue up to an additional $150.0 million in notes via an underwriters' over-allotment option. * Axon plans to use part of the proceeds for capped call transactions and the remainder for general corporate purposes. Convertible notes deal pressures Axon stock. Investing.com - Shares of Axon Enterprise, Inc. (NASDAQ:AXON) fell 5% on Tuesday after the public safety technology company disclosed a new convertible debt financing plan totaling $1.0 billion in principal amount. The securities will be issued as 0% convertible senior notes maturing in 2031, adding a significant new layer to the company's capital structure and drawing immediate attention from equity and credit investors. Key terms of the 0% convertible senior notes. Axon stated that the notes will be offered through a public transaction registered under the Securities Act of 1933. In addition, the company expects to provide the underwriters with an option to purchase up to an extra $150.0 million of notes to address any over-allotments. The notes are scheduled to mature on September 15, 2031, unless they are converted, redeemed, or repurchased earlier. They will represent senior, unsecured obligations of Axon and will not accrue regular interest over their life. On conversion, Axon has flexibility in how it settles: the company may choose to satisfy its obligations in cash, in shares of its common stock, or through a combination of both, at its own discretion. | Feature | Detail | | Issuer | Axon Enterprise, Inc. (NASDAQ:AXON) | | Principal Amount | $1.0 billion | | Additional Option | Up to $150.0 million for over-allotments | | Interest Rate | 0% | | Maturity Date | September 15, 2031 | | Ranking | Senior, unsecured | | Settlement on Conversion | Cash, common stock, or a combination, at Axon's election | Planned use of proceeds and capped call structure. Axon indicated that a portion of the net proceeds will be allocated to capped call transactions. These derivative arrangements are designed to address equity dilution risk associated with potential future conversions of the notes. The company said it plans to deploy the remaining funds for general corporate purposes. That may include providing capital to support growth as well as acquiring or investing in product lines, products, services, or technologies. Underwriting syndicate and capped call transactions. Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC, RBC Capital Markets, LLC and Citigroup Global Markets Inc. are serving as joint lead book-running managers for the offering. In conjunction with the pricing of the notes, Axon expects to enter into privately negotiated capped call transactions with one or more of the underwriters and their affiliates. According to the company, these capped call arrangements are expected to help mitigate potential dilution of Axon's common stock upon conversion of the notes. Optional redemption terms. Axon also outlined a conditional redemption feature. Beginning on September 20, 2029, the company may redeem all or part of the outstanding notes for cash, provided a share price test is met. Specifically, the last reported sale price of Axon's common stock must be at least 130% of the conversion price for at least 20 trading days during any 30 consecutive trading day period for the redemption right to become exercisable.

Sheriff details Flock shutdown, Axon switch. Published September 8th, 2026 at 1:00 pm By Kevin Hendricks, The Paper. Bernalillo County Sheriff John Allen laid out, in detail Tuesday, how his office is expanding its Axon partnership to replace the Flock Safety camera network it's dismantling. Allen said in a press release the expanded partnership builds on Axon technology BCSO already uses through body-worn cameras, digital evidence systems and its Fleet 3 mobile ALPR units. "The public should know who controls the information, why it can be searched, how long it is kept and how every use is reviewed," Allen said. Allen said Axon's model gives BCSO control over its own ALPR data, retention settings and sharing decisions - information isn't automatically pooled into a national database, and sharing with other agencies is off by default and revocable. Access is restricted by user role, he said, and system logs track who accessed information, when and why. The rollout includes Fleet 3 mobile units, fixed-camera options and integration with BCSO's existing crime center systems. Allen said the department aims to have the expanded system running before the end of 2026, pending contracting and training. Last week, a Rio Rancho man was arrested after he filmed himself dismantling Flock cameras across Bernalillo County saying he was returning them to Allen, as The Paper. reported. He had previously been charged with vandalizing Flock cameras in Rio Rancho. Public safety and privacy BCSO policy limits license plate searches to active criminal investigations, Allen said, with access restricted, searches logged and activity cross-referenced against case numbers. He cautioned that an ALPR alert is a lead, not proof of a crime - deputies still have to verify it and establish lawful grounds before taking action. The department has used a 30-day retention window and plans to stay within 30 to 60 days, subject to final policy and state law. How ALPR has assisted investigations Allen said ALPR helps investigators connect vehicles to locations and timelines in serious cases, though it doesn't close cases on its own. He pointed to a recorded jail call in which a homicide suspect described the cameras' deterrent effect: "...they take pictures of every license plate in the area and then they catch the f***ing killer... There aint nobody getting away with that." Allen said that reaction, not a vendor's pitch, is the real evidence the tool works. Accountability No BCSO deputies have been disciplined for misusing ALPR data to date, Allen said, calling that a sign the department's audit controls are working rather than an absence of oversight. He noted his support for Senate Bill 40, the Driver Privacy and Safety Act, which took effect July 1 and set restrictions and penalties around ALPR use, though it left retention limits undefined. Allen said he plans to push for statewide retention standards in the 2027 legislative session. The expanded partnership follows Allen's decision earlier this year to end the county's contracts for its 21 regional Flock cameras, citing trust and data-privacy concerns. Axon also uses what the department calls a Responsible Innovation Framework and an external Ethics and Equity Advisory Council to weigh in on how the technology is developed and deployed.