Axon looks to boost cash with new stock offering

Posted at 9:12 AM, Jun 19, 2020
and last updated 2020-06-19 12:12:22-04

Axon Enterprise Inc. is expected to raise about $300 million with a new stock offering, according to a regulatory filing.

The Scottsdale-based maker of Tasers, body cameras and other public safety technology announced the underwritten public offering of 3 million shares of common stock at a price of $92 per share.

Underwriters also were given a 30-day option to purchase up to 450,000 shares of common stock.

Axon said it would use proceeds for working capital and general corporate purposes.

Read more from the Phoenix Business Journal.