Life360 issues $320M 0% convertible notes due 2030; enters capped calls

Life360, Inc.

Issued $320M aggregate principal of 0.00% Convertible Senior Notes due 2030; initial conversion price ~$80.97 per share.
Entered capped call transactions costing ~$33.7M, cap price ~$122.22, to reduce potential dilution upon conversion.
Notes are zero-coupon, senior unsecured, mature June 1, 2030; convertible after March 1, 2030 or earlier upon certain events.
Initial purchasers fully exercised option for additional $45M; total issuance includes that.
Company may redeem notes on/after June 5, 2028 if stock exceeds 130% of conversion price for 20 of 30 trading days.

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