|Shares of AAXN down so far today on news of secondary offering:|
Axon Announces Proposed Public Offering of Common Stock
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.
More at: finance.yahoo.com