• Pricing of $275.0 million aggregate principal amount of 0.00% convertible senior notes due 2030
• Initial conversion price of approximately $80.97 per share, representing a 32.5% premium
• Intends to use net proceeds for general corporate purposes, including potential acquisitions or strategic investments

Life360, Inc. announced the pricing of its offering of $275.0 million aggregate principal amount of 0.00% convertible senior notes due 2030 in a private offering. The offering size was increased from the previously announced $250 million. The notes will be senior, unsecured obligations of Life360 and will not bear regular interest or accrete in principal amount. The notes will mature on June 1, 2030, unless earlier repurchased, redeemed or converted. The initial conversion rate is 12.3501 shares of common stock per $1,000 principal amount of notes, which represents an initial conversion price of approximately $80.97 per share of common stock, a premium of approximately 32.5% over the last reported sale price of $61.11 per share on June 2, 2025. Life360 will settle conversions in cash or a combination of cash and shares of its common stock, at its election. The notes will be redeemable, in whole or in part, for cash at Life360's option on or after June 5, 2028. Life360 estimates the net proceeds from the offering will be approximately $265.2 million, or $308.9 million if the initial purchasers exercise their option to purchase additional notes. Life360 intends to use approximately $29.0 million, or $33.7 million if the option is exercised, to fund the cost of entering into capped call transactions, and the remainder for general corporate purposes, which may include acquisitions or strategic investments.