Axon Enterprise (AAXN) Prices 3M Share Common Offering at $92/Sh

Axon Enterprise, Inc. (NASDAQ: AAXN) today announced the pricing of an underwritten public offering of 3,000,000 shares of its common stock at a public offering price of $92.00 per share. In addition, Axon has granted the underwriters a 30-day option to purchase up to an additional 450,000 shares of common stock. The gross proceeds from the offering, before deducting underwriting discounts and estimated offering expenses, are expected to be $276 million, excluding any proceeds from the exercise of the underwriters' option to purchase additional shares. Axon intends to use the net proceeds from this offering for working capital and other general corporate purposes.

J.P. Morgan Securities LLC is acting as book-running manager for the proposed offering. The offering is expected to close on or about June 19, 2020, subject to customary closing conditions.

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