04:08 AM EDT, 06/03/2025 (MT Newswires) -- Life360 ( LIF ) said Tuesday it priced a $275 million private offering of convertible senior notes due 2030, an increase from its original $250 million plan.

The initial conversion price is set at about $80.97 per share, a 32.5% premium to Monday's stock price of $61.11.

The company said the notes, which carry no interest and do not accrete in value, are set to settle on Thursday and are being offered to qualified institutional buyers.

Initial purchasers have a 13-day option to purchase up to an additional $45 million in notes, it added.

Life360 ( LIF ) may choose to settle conversions in cash, stock, or a combination of both, the company said, adding that redemption by the company is allowed starting June 5, 2028, if its stock trades above 130% of the conversion price for a set period.

The company said it expects net proceeds of $265.2 million, with about $29 million allocated to fund capped call transactions designed to limit dilution and offset potential cash payments above the note principal.

It added that the remaining proceeds will be used for general corporate purposes, including possible acquisitions or strategic investments.