Summary
Axon Enterprise, Inc. has announced the full redemption of its 0.50% convertible senior notes due 2027, with a redemption date set for February 10, 2026. This action will see the company repurchase all outstanding notes at their principal amount plus accrued interest. Investors holding these notes are provided a limited window to convert them into Axon's common stock before the conversion deadline of February 6, 2026. The company also disclosed a Market Disruption Event on January 29, 2026, which has extended the observation period for calculating the conversion settlement value. This extension means the observation period will now conclude on February 9, 2026, and settlement for converted notes is expected on February 11, 2026. This event will impact the exact amount of cash and stock shareholders will receive upon conversion.
Key Highlights
- 1Axon Enterprise, Inc. is redeeming all outstanding 0.50% convertible senior notes due 2027.
- 2The redemption date for these notes is scheduled for February 10, 2026.
- 3Holders have a final opportunity to convert notes into common stock by the close of business on February 6, 2026.
- 4A Market Disruption Event occurred on January 29, 2026, affecting the conversion settlement calculation.
- 5The observation period for determining conversion settlement values has been extended to February 9, 2026.
- 6Settlement for converted notes is anticipated on February 11, 2026.