Axon Enterprise, Inc. (NasdaqGS:AXON) is looking for acquisitions. Axon Enterprise, Inc. announced that it intends to offer, subject to market and other conditions, USD 1,000 million aggregate principal amount of 0% convertible senior notes due 2031 in a public offering registered under the Securities Act of 1933, as amended. Axon also expects to grant the underwriters of the Notes an option to purchase for settlement within an 11-day period beginning on, and including, the first date on which the Notes are issued, up to an additional USD 150 million aggregate principal amount of Notes, solely to cover over-allotments, if any.
Axon intends to use a portion of the net proceeds of the offering of the Notes to pay the cost of the capped call transactions described below. Axon expects to use the remaining net proceeds for general corporate purposes, which may include, among other things, providing capital to support Axon's growth and to acquire or invest in product lines, products, services or technologies, including through acquisitions of, or investments in, other businesses.
