Axon Begins Public Offering of 3M Shares
Tuesday, June 16, 2020 | Comments

Axon Enterprise commenced a proposed public offering of 3 million shares of its common stock at a public offering price of $92 per share. The underwriters have a 30-day option to purchase up to 450,000 additional shares of common stock in the public offering.

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.

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