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Why Did Life360 Upsize Its $275M Convertible Notes Offering Now?
3:51pm on Tuesday 3rd of June, 2025 AEST
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Technology
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Why Did Life360 Upsize Its $275M Convertible Notes Offering Now?
3:51pm on Tuesday 3rd of June, 2025 AEST
Key Points
Offering upsized from $250M to $275M with $45M additional option
Zero-coupon convertible notes maturing in 2030 with 32.5% premium conversion price
Net proceeds of approximately $265M aimed at acquisitions and corporate purposes
Capped call transactions set a $122.22 cap price to limit dilution
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Life360 (ASX:360)
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