SCOTTSDALE, Ariz., June 15, 2020 /PRNewswire/ -- Axon
Enterprise, Inc. (NASDAQ: AAXN), the global leader in connected law
enforcement technologies, today announced that it has commenced a
proposed public offering of 3,000,000 of shares of its common
stock. The underwriters have a 30-day option to purchase up
to 450,000 additional shares of common stock in the public
offering. 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 subject to market and
other conditions, and there can be no assurance as to whether or
when the offering may be completed or as to the final size or terms
of the offering.
The shares are being offered by Axon pursuant to a shelf
registration statement filed with the Securities and Exchange
Commission (SEC). A preliminary 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 preliminary
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. The final terms of
the offering will be disclosed in a final prospectus supplement to
be filed with the SEC.
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 granting the underwriters a 30-day
option to purchase additional shares. 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 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 to be 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.
View original content to download
multimedia:http://www.prnewswire.com/news-releases/axon-announces-proposed-public-offering-of-common-stock-301077129.html
SOURCE Axon