Life360 raises A$50M via CDI placement; notes preliminary merger interest

Life360, Inc.

Gross proceeds ~US$33M (A$50M) from issuance of 7.9M CDIs at A$6.30 per CDI.
Placement fully underwritten by Bell Potter; settlement Nov 25, trading on ASX Nov 28.
Received inbound interest that could lead to a merger; discussions are preliminary.
Reaffirms CY22 guidance: core subscription revenue growth >55%, revenue $225-240M.
Expects positive Adj. EBITDA and OCF by Q3 CY23; target for consistent positive CY24.

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