SCOTTSDALE, Ariz., June 16, 2020 /PRNewswire/ -- Axon Enterprise,
Inc. (NASDAQ: AAXN), the global leader in connected public safety
technologies, 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.
The shares are being offered by Axon pursuant to a shelf
registration statement filed with the Securities and Exchange
Commission (SEC). The final prospectus supplement relating to, and
describing the terms of, the offering will be filed with the SEC
and will be available on the SEC's website at www.sec.gov. When
available, copies of the final prospectus supplement and the
accompanying prospectus relating to these securities may also be
obtained by contacting J.P. Morgan Securities LLC at c/o Broadridge
Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717 or by telephone at
(866) 803-9204.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy these securities, nor shall there
be any sale of these securities, in any state or jurisdiction in
which such offer, solicitation or sale would be unlawful prior to
the registration or qualification under the securities laws of such
state or jurisdiction.
About Axon
Axon is a network of devices, apps and people that helps public
safety personnel become smarter and safer. With a mission of
protecting life, our technologies give customers the confidence,
focus and time they need to keep their communities safe. Our
products impact every aspect of a public safety officer's
day-to-day experience with the goal of helping everyone get home
safe.
We work hard for those who put themselves in harm's way for all
of us. To date, more than 234,000 lives and countless dollars have
been saved with the Axon network of devices, apps and people. Learn
more at www.axon.com or by calling (800) 978-2737.
Facebook is a trademark of Facebook, Inc. and Twitter is a
trademark of Twitter, Inc. Axon and the "Delta Logo" are trademarks
of Axon Enterprise, Inc., some of which are registered in the US
and other countries. For more information, visit
www.axon.com/legal. All rights reserved.
Follow Axon here:
- Axon on Twitter: https://twitter.com/axon_us
- Axon on Facebook:
https://www.facebook.com/Axon.ProtectLife/
Note to Investors
Please visit http://investor.axon.com,
https://www.axon.com/press, www.twitter.com/axon_us and
https://www.facebook.com/Axon.ProtectLife/ where Axon discloses
information about the company, its financial information and its
business.
Cautionary Statement Regarding Forward-Looking
Statements
This press release contains "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act
of 1995. These forward-looking statements include, but are not
limited to, those relating to Axon's expectations regarding the
completion, timing, and size of the public offering, and its
expectations with respect to the use of proceeds. Any
forward-looking statements in this press release are based on
management's current expectations and beliefs of future events, and
are subject to a number of risks and uncertainties that could cause
actual results to differ materially and adversely from those set
forth in or implied by such forward-looking statements. These risks
and uncertainties related to completion of the proposed public
offering on the anticipated terms, or at all, include, but are not
limited to, market conditions and the satisfaction of customary
closing conditions related to the proposed public offering. For a
discussion of these and other risks and uncertainties, and other
important factors, any of which could cause Axon's actual results
to differ from those contained in the forward-looking statements,
see the section entitled "Risk Factors" in Axon's preliminary
prospectus supplement relating to the proposed public offering
filed with the SEC, as well as discussions of potential risks,
uncertainties, and other important factors in Axon's other filings
with the SEC, including those contained or incorporated by
reference in the preliminary prospectus supplement relating to the
proposed public offering filed with the SEC. All information in
this press release is as of the date of the release, and Axon
undertakes no duty to update this information unless required by
law.
CONTACT: Axon Press Team, press@axon.com
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SOURCE Axon