Axon Enterprise, Inc.
|Company Name||Axon Enterprise, Inc.|
On October 19, 2017, Axon announced during aftermarket hours that the U.S. Securities and Exchange Commission (“SEC”) is reviewing its financial statements. Specifically, the SEC issued three letters in August and September seeking additional information relating to Axon’s Form 10-K for the year ended December 31, 2016 and Form 10-Q for the quarter ended March 31, 2017. In the SEC’s third letter dated September 20, 2017, it stated its inquiries remained “outstanding and unresolved, and absent a substantive response, we would act consistent with our obligations under the federal securities laws.”
On this news, shares of Axon fell $1.61 per share or over 6% to close at $23.01 per share on October 20, 2017.
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