The Firm represented Axon Enterprise, Inc. (“Axon”) in separate, privately negotiated exchange transactions (the “Exchange Transactions”) with certain holders (the “Holders”) of its 0.50% Convertible Senior Notes due 2027 (the “Convertible Notes”). In the Exchange Transactions, Holders exchanged approximately $196.9 million in aggregate principal amount of the Convertible Notes for an aggregate principal amount of approximately $196.9 million in cash (inclusive of accrued interest and fractional shares) and an aggregate of approximately 0.5 million shares of Axon’s common stock.
Axon is a technology leader in global public safety. Axon is building the public safety operating system of the future by integrating a suite of hardware devices and cloud software solutions that lead modern policing. Axon's suite includes TASER energy devices, body cameras, in-car cameras, cloud-hosted digital evidence management solutions, productivity software and real-time operations capabilities. Axon's growing global customer base includes first responders across international, federal, state and local law enforcement, fire, corrections and emergency medical services, as well as the justice sector, enterprises and consumers.
The Simpson Thacher team included Roxane Reardon, Matt Hart, Sharon Foster, Suzanne Kaufman and Allyson Brennan (Capital Markets) and Edward Grais (Tax).