01—Abstract
Summary
Summary of the 8-K/A filed February 4, 2026. Cited figures are marked; the original filing is the authoritative source.
Axon Enterprise, Inc. has announced the full redemption of its 0.50%a 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.
02—Key points
Key Highlights
- Axon Enterprise, Inc. is redeeming all outstanding 0.50% convertible senior notes due 2027.
- The redemption date for these notes is scheduled for February 10, 2026.
- Holders have a final opportunity to convert notes into common stock by the close of business on February 6, 2026.
- A Market Disruption Event occurred on January 29, 2026, affecting the conversion settlement calculation.
- The observation period for determining conversion settlement values has been extended to February 9, 2026.
- Settlement for converted notes is anticipated on February 11, 2026.
03—Questions
Frequently Asked Questions
What is the main event being announced in this filing?
The company is announcing its decision to redeem all of its outstanding 0.50% convertible senior notes due 2027. This means Axon will pay back the principal amount plus accrued interest to noteholders on the redemption date.
What action do current noteholders need to take?
Noteholders have two primary options: they can either surrender their notes to be redeemed for cash and accrued interest on February 10, 2026, or they can convert their notes into Axon's common stock before the conversion deadline on February 6, 2026. If they don't act, their notes will be redeemed automatically.
How will the conversion settlement be calculated?
The settlement amount (cash and stock) for converted notes will be determined based on a 30-day trading period starting December 24, 2025. However, a Market Disruption Event on January 29, 2026, has extended this observation period to run through February 9, 2026. The settlement is expected on February 11, 2026.
What is the impact of the Market Disruption Event?
The Market Disruption Event on January 29, 2026, caused that day to not count as a trading day for the conversion settlement calculation. This has extended the observation period and will affect the final price used to determine how much cash and how many shares converted noteholders will receive.
04—Continue