SCOTTSDALE, Ariz., Sept. 16, 2026 /PRNewswire/ — Axon Enterprise, Inc. (Nasdaq: AXON) (“Axon”) announced today that it has priced its offering of $1.0 billion aggregate principal amount of 0% convertible senior notes due 2031 (the “Notes”). Axon also granted the underwriters of the Notes an option to purchase for settlement within an 11-day period beginning on, and including, the first date on which the Notes are issued, up to an additional $150.0 million aggregate principal amount of Notes, solely to cover over-allotments, if any. The sale of the Notes to the underwriters is expected to settle on September 18, 2026, subject to customary closing conditions, and is expected to result in approximately $986.0 million in net proceeds to Axon (or approximately $1,134.3 million if the underwriters exercise their over-allotment option in full) after deducting the underwriters’ discount and estimated offering expenses payable by Axon.

Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC, RBC Capital Markets, LLC and Citigroup Global Markets Inc. are acting as joint lead book-running managers for the offering. Citizens JMP Securities, LLC, Needham & Company, LLC, Piper Sandler & Co. and Baird are acting as co-managers for the offering.

Use of Proceeds

Axon intends to use $99.9 million of the net proceeds of the offering of the Notes (or approximately $114.9 million if the underwriters exercise their over-allotment option for the Notes in full) to pay the cost of the capped call transactions described below. Axon expects to use the remaining net proceeds for general corporate purposes, which may include, among other things, providing capital to support Axon’s growth and to acquire or invest in product lines, products, services or technologies, including through acquisitions of, or investments in, other businesses.

Additional Details of the Notes

The Notes will mature on September 15, 2031, unless earlier converted, redeemed or repurchased. The Notes will be senior, unsecured obligations of Axon and will not bear regular interest, and the principal amount of the Notes will not accrete.

The Notes may be converted at an initial conversion rate of 1.5336 shares of Axon’s common stock per $1,000 principal amount of Notes (equivalent to an initial conversion price of approximately $652.06 per share of Axon’s common stock). Prior to the close of business on the business day immediately preceding June 15, 2031, the Notes will be convertible at the option of the noteholders only upon the satisfaction of specified conditions and during certain periods. On or after June 15, 2031 until the close of business on the second scheduled trading day immediately preceding the maturity date, the noteholders may convert all or any portion of their Notes regardless of these conditions. Upon conversion, Axon will pay or deliver, as the case may be, cash, shares of Axon’s common stock or a combination of cash and shares of Axon’s common stock, at Axon’s election.

If Axon undergoes certain corporate events that constitute a “fundamental change,” then, subject to certain conditions and limited exceptions, holders may require Axon to repurchase for cash all or any portion of their Notes at a fundamental change repurchase price equal to 100% of the principal amount of the Notes to be repurchased, plus accrued and unpaid special interest, if any, to, but excluding, the fundamental change repurchase date. In addition, subject to certain conditions, noteholders may require Axon to repurchase their Notes on March 20, 2031 at a repurchase price equal to the principal amount of the Notes to be repurchased, plus accrued and unpaid special interest, if any (a “holder repurchase option”). Axon may elect to satisfy all or a portion of its obligation with respect to the principal amount of the repurchase price for the holder repurchase option by issuing or delivering shares of Axon’s common stock in certain circumstances, up to a specified maximum number of shares, with the remainder (if any) of the repurchase price payable in cash, subject to and in accordance with the terms and conditions set forth in the indenture governing the Notes.

Except in the case of a cleanup redemption (as defined below), on or after September 20, 2029, and before the 31st scheduled trading day immediately before the maturity date, Axon may redeem for cash all or any portion of the Notes (subject to certain limitations), at Axon’s option, if the last reported sale price of Axon’s common stock has been at least 130% of the conversion price then in effect for at least 20 trading days (whether or not consecutive) during any 30 consecutive trading day period (including the last trading day of such period) ending on, and including, the trading day immediately preceding the date on which Axon provides notice of redemption, at a redemption price equal to 100% of the principal amount of the Notes to be redeemed, plus accrued and unpaid special interest, if any, to, but excluding, the redemption date. Axon may also redeem for cash all, but not less than all, of the Notes at any time before the 31st scheduled trading day immediately before the maturity date if the principal amount of Notes outstanding at such time is less than 10% of the aggregate principal amount of the Notes initially issued under the indenture (including any additional Notes issued pursuant to the underwriters’ over-allotment option) (a “cleanup redemption”).

Capped Call Transactions

In connection with the pricing of the Notes, Axon has entered into privately negotiated capped call transactions with certain of the underwriters and/or their respective affiliates and other financial institutions (the “option counterparties”). The capped call transactions cover, subject to anti-dilution adjustments substantially similar to those applicable to the Notes, the number of shares of Axon’s common stock initially underlying the Notes. If the underwriters exercise their over-allotment option, then Axon expects to enter into additional capped call transactions with the option counterparties. The capped call transactions are expected generally to reduce the potential dilution to Axon’s common stock upon any conversion of the Notes and/or offset any potential cash payments Axon is required to make in excess of the principal amount of converted Notes, as the case may be, with such reduction and/or offset subject to a cap. The cap price of the capped call transactions will initially be $1,049.94, which represents a premium of 137.5% over the last reported sale price of Axon’s common stock of $442.08 per share on The NASDAQ Stock Market LLC on September 15, 2026, and is subject to certain adjustments under the terms of the capped call transactions. The cap price of the capped call transactions and the premium payable were determined at the time of pricing of the offering.

Axon has been advised that, in connection with establishing their initial hedges of the capped call transactions, the option counterparties or their respective affiliates expect to enter into cash-settled over-the-counter derivative transactions with respect to Axon’s common stock concurrently with, or shortly after, the pricing of the Notes and may unwind these cash-settled over-the-counter derivative transactions and purchase shares of Axon’s common stock in open market transactions following the pricing of the Notes. This activity could increase (or reduce the size of any decrease in) the market price of Axon’s common stock or the Notes at that time. In addition, the option counterparties or their respective affiliates may modify their hedge positions by entering into or unwinding various derivatives with respect to Axon’s common stock and/or purchasing or selling shares of Axon’s common stock or other securities issued by Axon in secondary market transactions following the pricing of the Notes and prior to the maturity of the Notes (and (x) are likely to do so during any observation period related to a conversion of the Notes, following any redemption of Notes by Axon or following any repurchase of Notes by Axon in connection with any fundamental change or holder repurchase option and (y) are likely to do so following any other repurchase of Notes by Axon,  if Axon elects to unwind a corresponding portion of the capped call transactions in connection with such repurchase). This activity could also cause or avoid an increase or a decrease in the market price of Axon’s common stock or the Notes, which could affect a noteholder’s ability to convert the Notes and, to the extent the activity occurs during any observation period related to a conversion of the Notes or repurchase observation period related to an exercise of the holder repurchase option, it could affect the number of shares of Axon’s common stock and value of the consideration that a noteholder will receive upon conversion or optional repurchase of the Notes.

In addition, if any such capped call transaction fails to become effective, whether or not the offering of the Notes is completed, the option counterparty party thereto may unwind its hedge positions with respect to Axon’s common stock, which could adversely affect the value of Axon’s common stock and, if the Notes have been issued, the value of the Notes.

About Axon

Axon (Nasdaq: AXON) is the global leader in public safety technology, relentlessly innovating to protect more lives in more places. Founder-led since 1993, Axon began with a mission to reimagine conflict in law enforcement and has grown into a global company serving everyone who takes on the responsibility of public safety, enterprise security, and national security — from first responders and governments to companies, frontline workers, and communities. Our trusted network connects TASER energy devices, cameras and sensors including body-worn, fixed and in-car cameras, drones and robotics, digital evidence and records management, real-time operations, immersive training, productivity tools, and AI-driven capabilities and insights. Designed to work seamlessly together, these solutions create a connected picture of safety that helps protect people and places with greater speed, clarity, and accountability.

Non-Axon trademarks are property of their respective owners.

Axon, Axon 911, Axon Assistant, AI Era Plan, Axon Body, Axon Body Mini, Axon Ecosystem, Axon Evidence, Axon Fusus, Axon Auto-Transcribe, Dedrone, TASER, TASER 10, the Filled Bolt within Circle Logo and the Delta Logo are trademarks of Axon Enterprise, Inc., some of which are registered in the United States and other countries. All rights reserved.

Notice to Investors; Forward-Looking Statements

The offering is being made pursuant to an effective shelf registration statement on file with the Securities and Exchange Commission (the “SEC”). The offering will be made only by means of a prospectus supplement relating to the offering and an accompanying prospectus. An electronic copy of the prospectus supplement, together with the accompanying prospectus, is available on the SEC’s website at www.sec.gov. Alternatively, copies of the prospectus supplement, together with the accompanying prospectus, can be obtained by contacting: Axon Enterprise, Inc., 17800 North 85th Street, Scottsdale, AZ 85255; Attention: Legal (telephone: (480) 905-2000). Alternatively, copies of the prospectus supplement, together with the accompanying prospectus, can be obtained by contacting: Goldman Sachs & Co. LLC, c/o Prospectus Department, 200 West Street, New York, NY 10282 by email at prospectus-ny@ny.email.gs.com, Morgan Stanley & Co. LLC, c/o Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014, by email at prospectus@morganstanley.com and J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by email at prospectus-eq_fi@jpmchase.com and postsalemanualrequests@broadridge.com.

This press release is for informational purposes only and is neither an offer to sell nor a solicitation of an offer to buy the Notes or any other security, and shall not constitute an offer to sell or a solicitation of an offer to buy, or a sale of, the Notes or any other security in any jurisdiction in which such offer, solicitation, or sale is unlawful. Information contained on, or that can be accessed through, Axon’s website does not constitute part of the offering.

Forward-looking statements in this press release include, but are not limited to, statements regarding the completion of the offering, the timing of the closing, the intended use of proceeds and the effects of entering into the capped call transactions described above, as well as statements about Axon’s future plans and goals, proposed products and services and related development efforts and activities; expectations about the market for Axon’s current and future products and services, including statements related to Axon’s user base and customer profiles. Words such as “may,” “will,” “should,” “could,” “would,” “predict,” “potential,” “continue,” “expect,” “anticipate,” “future,” “intend,” “plan,” “believe,” “estimate,” and similar expressions, as well as statements in future tense, identify forward-looking statements. However, not all forward-looking statements contain these words.

Axon cannot guarantee that any forward-looking statement will be realized, although it believes it has been prudent in Axon’s plans and assumptions. Achievement of future results is subject to risks, uncertainties and potentially inaccurate assumptions. The following important factors could cause actual results to differ materially from those in the forward-looking statements: Axon’s exposure to cancellations of government contracts due to non-appropriation clauses, exercise of a cancellation clause or non-exercise of contractually optional periods; the ability of law enforcement agencies to obtain funding, including based on tax revenues; Axon’s ability to design, introduce and sell new products, services or features; Axon’s ability to defend against litigation and protect Axon’s intellectual property, and the resulting costs of this activity; Axon’s ability to win bids through the open bidding process for governmental agencies; Axon’s ability to manage its supply chain and avoid production delays, shortages and impacts to expected gross margins; the impacts of inflation, macroeconomic conditions and global events; the impact of catastrophic events or public health emergencies; the impact of stock-based compensation expense, impairment expense and income tax expense on Axon’s financial results; customer purchase behavior, including adoption of Axon’s software as a service delivery model; negative media publicity or sentiment regarding Axon’s products; the impact of various factors on gross margins; defects in, or misuse of, Axon’s products; changes in the costs of product components and labor; loss of customer data, a breach of security or an extended outage, including by Axon’s third-party cloud-based storage providers; exposure to international operational risks; delayed cash collections and possible credit losses due to Axon’s subscription model; changes in government regulations in the United States and in foreign markets, especially related to the classification of Axon’s products by the United States Bureau of Alcohol, Tobacco, Firearms and Explosives; Axon’s ability to integrate acquired businesses; the impact of declines in the fair values or impairment of Axon’s investments, including Axon’s strategic investments; Axon’s ability to attract and retain key personnel; litigation or inquiries and related time and costs; Axon’s ability to remediate the material weakness in Axon’s internal controls; and counter-party risks relating to cash balances held in excess of federally insured limits. Many events beyond Axon’s control may determine whether results it anticipates will be achieved. Should known or unknown risks or uncertainties materialize, or should underlying assumptions prove inaccurate, actual results could differ materially from past results and those anticipated, estimated or projected. You should bear this in mind as you consider forward-looking statements. The Annual Report on Form 10-K that Axon filed with the Securities and Exchange Commission (“SEC”) for the year ended December 31, 2025, lists various important factors that could cause actual results to differ materially from expected and historical results. These factors are intended as cautionary statements for investors within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. Readers can find them under the heading “Risk Factors” in Axon’s Annual Report on Form 10-K for the year ended December 31, 2025, and investors should refer to them. You should understand that it is not possible to predict or identify all such factors. Consequently, you should not consider any such list to be a complete set of all potential risks or uncertainties.

Except as required by law, Axon undertakes no obligation to publicly update forward-looking statements, whether as a result of new information, future events or otherwise. You are advised, however, to consult any further disclosures Axon makes on related subjects in Axon’s Form 8-K, 10‑Q and 10‑K reports to the SEC.

Media Contact:
Kate MacKinnon
Vice President, Communications
Press@Axon.com

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SOURCE Axon

Scan to pay for onboard fares on Taiwan Railway, earn a 5% voucher when riding Keelung city buses, and book MICHELIN Guide restaurants through EZTABLE with one tap from the App home screen

TAIPEI, Sept. 16, 2026 /PRNewswire/ — PXPay Plus has added another international travel partner. International travel platform Trip.com now accepts PXPay Plus on both its Taiwan website and its App, allowing users who book Japan and Korea flights and hotels on Tuesdays to enjoy instant discounts of up to NT$1,300 per transaction. Beyond international travel, PXPay Plus continues to deepen its presence in public transport and everyday scenarios: in line with Taiwan Railway’s new onboard payment policy, passengers can now settle onboard fares with PXPay Plus, while the Transit QR Code has expanded beyond Taipei and New Taipei to Keelung city buses, rewarding riders with a Commuter Rewards Voucher that earns a 5% PXPay Plus Points reward on purchases. For dining, users can tap “Restaurant Reservations” on the App home screen to enter the EZTABLE zone and book MICHELIN Guide restaurants and hotel buffets — connecting travel, transport and dining in one app.

Expanding into international travel booking: up to NT$1,300 off Japan and Korea itineraries on Trip.com

The Trip.com Taiwan site and App now officially support PXPay Plus at checkout, and a limited-time launch promotion is already underway. A limited-quantity discount code campaign runs every Tuesday from today through October 11, 2026. Users who claim a code on the dedicated Trip.com campaign page and select PXPay Plus at checkout will receive NT$1,300 off bookings of NT$12,000 or more, or NT$600 off bookings of NT$6,000 or more, on flights departing Taiwan for Japan or Korea and on hotels in those markets. Codes are issued in limited quantities while supplies last. With autumn and winter flights to Japan and Korea now on sale, travelers can start saving right from the booking stage.

Deeper coverage in transport: cashless onboard fares on Taiwan Railway, plus a 5% Commuter Rewards Voucher on Keelung buses

In response to the new onboard ticketing policy introduced by Taiwan Railway, PXPay Plus QR code payment is now supported for onboard fares across all train lines, eliminating the need for passengers to worry about carrying enough cash. Following Taipei Metro (excluding the light rail lines) and city buses in Taipei and New Taipei, the PXPay Plus Transit QR Code has also opened across all Keelung city bus routes, giving commuters and visitors in Taipei, New Taipei and Keelung a single way to pay for public transport. Riders simply open the Transit QR Code in the PXPay Plus App to complete payment — no coins, no cards. Once the fare is deducted, they receive a Commuter Rewards Voucher, which earns a 5% PXPay Plus Points reward on purchases at PX Mart, MEGA PX MART and PXPay Plus partner merchants, capped at 15 PXPay Plus Points per transaction, adding a little extra value to your daily commute.

EZTABLE reservation zone: no extra sign-up, no app switching — from MICHELIN Guide restaurants to hotel buffets in one place

For dining, PXPay Plus has partnered with EZTABLE to launch a “Restaurant Reservations” zone directly on the App home screen. A single tap takes users straight into the zone, bypassing repeat registration and form-filling, to book MICHELIN Guide restaurants, hotel buffets and fine dining from around the world. The MICHELIN Guide section features top names including Bencotto, Danny’s Steakhouse, Kiccho Kappo Sushi and Molino de Urdániz. After setting a date, party size and city to search available time slots, users confirm the booking and complete payment with their existing PXPay Plus account for a seamless end-to-end experience. Selected partner restaurants offer limited-time discounts, and the reservation fee can be applied toward the bill on the day of dining. EZTABLE is also a participating brand in the PXPay Plus “Top 100 Brands” campaign: after registering for the campaign, reservation fees of NT$1,500 or more earn an additional 5% PXPay Plus Points reward (capped at 150 PXPay Plus Points per account per month), rising to a 7% reward when paying with designated bank cards. From overseas travel to daily commutes to dinner reservations, PXPay Plus links a wide range of everyday scenarios under one account, making every routine transaction more convenient and more rewarding for members.

About PXPay Plus

PXPay Plus, an e-wallet brand founded and 100% fully owned by the PX Mart Group. In June of 2021, PXPay Plus obtained licenses and approval for operating electronic payment related business from the FSC (Financial Supervisory Commission) in Taiwan. Continuing the company culture of the PX Mart group, building a delightful company environment for everyone. With the launch of PXPay Plus, users can now enjoy enhanced wallet features, providing a seamless and secure payment experience.

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SOURCE PXPay Plus

Consumers increasingly embrace digital cross-border payments, while fraud concerns and stablecoin awareness gaps highlight the importance of trust and education.

SINGAPORE, Sept. 16, 2026 /PRNewswire/ — Visa (NYSE: V), a global leader in digital payments, today released the Asia Pacific findings from its Money Travels: 2026 Digital Remittances Adoption Report, revealing continued growth in digital cross-border money movement across the region. The findings show that remittances continue to play an important role in helping consumers support family members, manage everyday expenses and navigate financial emergencies, while trust, security and transparency are becoming just as important as speed and convenience in shaping payment experiences.

The study, which surveyed more than more than 45,000 remittance senders and receivers across 20 markets, including Australia, Mainland China, India, Japan, the Philippines and Singapore, found growing adoption of digital cross-border payments alongside rising expectations for trusted payment experiences. For the first time, this year’s study also included a dedicated module examining consumer awareness, perceptions and adoption intent towards stablecoins, finding that education and confidence will be key to broader adoption amid growing concerns around scams, fraud and AI-enabled threats. 

“Cross-border money movement is fundamental to how people, businesses and economies connect across Asia Pacific,” said Chavi Jafa, Senior Vice President, Head of Commercial and Money Movement Solutions, Asia Pacific, Visa. “Financial institutions have an opportunity to make cross-border payments a more integrated and valuable part of the overall customer experience as consumer expectations continue to evolve, with customers increasingly looking for solutions that combine speed, security, convenience and flexibility. Building trust through education, transparency and security will be critical to the next phase of adoption.” 

Key findings for Asia Pacific

Cross-Border Payments Remain Essential Across Asia Pacific

Remittance activity varies significantly across the region, with the Philippines (45%) and Australia (35%) reporting the highest proportions of consumers sending money abroad, compared with Japan (8%). Receiving rates are also highest in the Philippines (45%) and lowest in Japan (5%).Cross-border payments continue to support everyday financial needs, from household expenses to emergency funding and family support. Paying household bills is a key reason for receiving remittances in the Philippines (47%) and India (34%), while financial emergencies are a leading use case in the Philippines (42%) and India (33%).Supporting loved ones can come at a personal cost, with consumers in India (23%) and Mainland China (21%) delaying bill payments, while those in India (20%) and Mainland China (17%) cut back on essentials to provide financial support abroad.

Consumer Expectations Continue to Shift Toward Digital Experiences

Mobile banking apps remain the preferred way to send money internationally across Asia Pacific, with usage ranging from 33% to 60% across markets.Mobile wallet adoption is particularly strong in India (36%), the Philippines (28%) and Mainland China (27%), highlighting growing consumer preference for digital-first money movement experiences.Digital adoption continues to vary across markets, with Japan (32%) remaining the regional outlier, where nearly one-third of consumers still prefer making international transfers through physical bank branches.

Security and Fraud Concerns Are Shaping Consumer Behaviour

Exposure to remittance scams is highest in India (40%) and the Philippines (29%), compared with China (19%) and Japan (11%).Concern about AI-enabled fraud is particularly pronounced in the Philippines (62%) and India (53%), where consumers worry that deepfakes could be used to impersonate family members or facilitate financial scams.Consumers increasingly prioritise protection over speed, with Japan (68%), Singapore (57%) and Australia (57%) willing to accept a 24-hour transfer delay in exchange for stronger AI-powered fraud protection.

Consumers Are Open to Emerging Payment Innovations, but Education Remains Critical

Awareness and trust vary widely across the region. Consumer interest in stablecoins increases significantly when respondents better understand that stablecoins are designed to maintain their value and may offer additional benefits.Misconceptions remain widespread across Asia Pacific, with roughly half of consumers believing stablecoins are as risky as or riskier than cryptocurrencies despite being designed to maintain a stable value.

“The findings underscore how diverse payment behaviours, preferences and levels of digital adoption continue to accelerate across Asia Pacific,” said Rhidoi Krishnakumar, Vice President, Head of Visa Direct, Asia Pacific, Visa. “For banks, remitters and fintechs, the opportunity lies in delivering seamless cross-border experiences while managing growing complexity on behalf of clients. Through Visa Direct, we work with partners across the region to help simplify this complexity and enable money movement experiences that are more seamless, scalable and locally relevant to how consumers and businesses move money today.”

The findings highlight how cross-border money movement continues to evolve across Asia Pacific, shaped by growing digital adoption, changing consumer expectations, emerging payment innovations and rising demands for security and trust. For banks, remitters and fintechs, understanding how these trends are reshaping consumer behaviour will be increasingly important in delivering relevant, trusted and future-ready money movement experiences.

To learn more about the trends shaping cross-border money movement across Asia Pacific, explore the Money Travels 2026 findings here.

Note on Methodology

Findings are based on self-reported consumer survey responses. Respondents received definitions of key terms, including stablecoins, before answering. Survey scenarios involving “bank-equivalent protections” or similar concepts are hypothetical. Stablecoins are not currently covered by deposit insurance (e.g., FDIC, CDIC). Findings reflect consumer awareness, attitudes, and stated intent only – not commentary on legal status or operational availability. This report is for informational purposes only and does not constitute financial or legal advice.

About the Study

Money Travels 2026 was conducted by Morning Consult on behalf of Visa between 24 February and 2 March 2026. The findings form part of Visa’s global Money Travels 2026 study, which surveyed more than 45,000 remittance senders and receivers across 20 markets to examine remittance behaviours, attitudes and emerging trends in cross-border money movement. The Asia Pacific findings cover Australia, Mainland China, India, Japan, the Philippines and Singapore.

About Visa

Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, sellers, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at Visa.com.

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SOURCE Visa Worldwide Pte. Limited