Key facts: Axon (AXON) $1B convertibles; AI subscriptions up 700%

Key facts: Axon (AXON) $1B convertibles; AI subscriptions up 700%

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- Axon (AXON) priced $1.0B 0% convertible notes due Sept 15, 2031 (option +$150M). Initial conversion ~1.5336 shares per $1,000 (~$652.06/share). Net proceeds ≈ $986M; close Sept 18, 2026.

3 sources - Axon (AXON): Q2 saw 700% surge in AI tool subscriptions, expanded AI police-report services, international sales ~20% of revenue, and operating income returned to positive after prior losses.

Dow Jones Newswires

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