Life360 regains full access to SVB funds after FDIC action; transacting normally

Life360, Inc.

On March 13, 2023 (US time), Life360 regained access to its Silicon Valley Bank accounts and resumed normal transactions.
The FDIC's resolution of SVB fully protected all depositors, including uninsured deposits, as confirmed by Treasury Secretary Yellen.
Life360 had previously disclosed its SVB exposure on March 13; the company now confirms funds are fully accessible.
The company is transacting normally from its SVB accounts, indicating no further disruption to operations.

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