Officers from Hampshire Constabulary are investigating a report of a public order incident in The Avenue, Petersfield at 4.10pm yesterday (7 August).
It is alleged that a man has chased two teenagers across a field with a weapon.
A 34-year-old man from Waterlooville has been arrested on suspicion of attempt to cause grievous bodily harm with intent to do grievous bodily harm and possess a firearm with intent to cause fear of violence.
Investigating officers would like to hear from anyone who may have witnessed the incident or saw a vehicle being driven dangerously in the area at the time.
If you have any information, please contact us on 101, quoting reference number 44180299180.