SAN FRANCISCO, June 05, 2025 (GLOBE NEWSWIRE) -- Life360, Inc. (NASDAQ: LIF, ASX: 360) (“Life360”), today announced the closing of its previously announced private offering of 0.00% convertible senior notes due 2030 (the “Notes”). The notes were sold in a private offering only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the U.S. Securities Act of 1933, as amended (the “Securities Act”). The offering represents the aggregate of both the previously announced ...

Core Viewpoint - Life360, Inc. has announced a private offering of $275 million in convertible senior notes due 2030, increasing from a previously announced $250 million, with net proceeds expected to be approximately $265.2 million after expenses [1][5]. Group 1: Offering Details - The offering consists of 0.00% convertible senior notes, which will mature on June 1, 2030, and will not bear regular interest [2]. - The initial conversion rate is set at 12.3501 shares of common stock per $1,000 principal amount of notes, equating to an initial conversion price of approximately $80.97 per share, representing a 32.5% premium over the last reported sale price of $61.11 on June 2, 2025 [2]. - Life360 has granted initial purchasers an option to buy an additional $45 million in notes within 13 days of the initial issuance [1]. Group 2: Use of Proceeds - Life360 plans to allocate approximately $29 million of the net proceeds to fund capped call transactions, with the remainder intended for general corporate purposes, including potential acquisitions or strategic investments [5]. Group 3: Capped Call Transactions - The capped call transactions are designed to reduce potential dilution of Life360's common stock upon conversion of the notes, with an initial cap price of $122.22 per share, a 100% premium over the last reported sale price [6][7]. - If the market price exceeds the cap price, there may still be dilution or no offset for potential cash payments [8]. Group 4: Redemption and Repurchase - The notes are redeemable at Life360's option starting June 5, 2028, under certain conditions, including if the stock price exceeds 130% of the conversion price [3]. - In the event of a "fundamental change," noteholders may require Life360 to repurchase their notes for cash at the principal amount plus any accrued interest [4].

SAN FRANCISCO, June 02, 2025 (GLOBE NEWSWIRE) -- Life360, Inc. (“Life360” or the “Company”) (NASDAQ: LIF, ASX: 360), today announced its intention to offer, subject to market and other conditions, $250 million aggregate principal amount of convertible senior notes due 2030 (the “notes”) in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). Life360 also expects to grant the initial p ...

Monthly Active Users Reached Approximately 83.7 millionRecord Q1 Global Net Additions to Paying Circles of 137 thousand - Reaching 2.4 million TotalTotal Quarterly Revenue Grew 32% Year-Over-Year to $103.6 millionAnnualized Monthly Revenue increased 38% Year-Over-Year to $393.0 million SAN FRANCISCO, May 12, 2025 (GLOBE NEWSWIRE) -- Life360, Inc. (“Life360” or the “Company”) (NASDAQ: LIF, ASX: 360), the San Francisco-based leader in family safety and connection, today announced unaudited financial results f ...

Monthly Active Users Reached Approximately 83.7 millionRecord Q1 Global Net Additions to Paying Circles of 137 thousand - Reaching 2.4 million TotalTotal Quarterly Revenue Grew 32% Year-Over-Year to $103.6 millionAnnualized Monthly Revenue increased 38% Year-Over-Year to $393.0 million SAN FRANCISCO, May 12, 2025 (GLOBE NEWSWIRE) -- Life360, Inc. (“Life360” or the “Company”) (NASDAQ: LIF, ASX: 360), the San Francisco-based leader in family safety and connection, today announced unaudited financial results f ...

Group 1 - Life360 will invest $25 million in Aura, establishing a strategic partnership that includes a commercial agreement for key go-to-market channels [1] - Aura will have the exclusive right to sell Life360 as a bundled solution through its Employee Benefits channel, enhancing distribution capabilities [1] - The partnership aims to combine the strengths of both companies to provide a comprehensive safety solution for families [2] Group 2 - Aura is recognized as a fast-growing online safety solution provider, offering services such as real-time threat detection and tools for protecting children from online risks [3] - Life360 serves approximately 79.6 million monthly active users across more than 170 countries, providing services like location sharing and crash detection [4] - The collaboration is expected to expand access to Life360's services through Aura's established employee benefits channel, aligning with their shared mission of family safety [2][4]