Life360

Canaccord Genuity Acts as Co-Manager to Life360 on its US$155 Million Initial Public Offering

Canaccord Genuity is pleased to announce it has acted as Co-Manager to Life360, Inc. (“Life360”), (NASDAQ: LIF), a leading technology platform connecting members to the people, pets, and things they care about most, on the pricing of its initial public offering of 5,750,000 shares of common stock at an initial public offering price of $27.00 per share. The offering consists of 3,703,704 shares of common stock being offered by Life360 and 2,046,296 shares of common stock being offered by the selling securityholders named in the prospectus.

In addition, the selling securityholders have granted the underwriters a 30-day option to purchase up to an additional 862,500 shares of common stock at the initial public offering price, less underwriting discounts and commissions. Life360 intends to use the net proceeds received from this offering to increase its capitalization and financial flexibility, to create a public market for its common stock in the US, and for general corporate purposes, including working capital, operating expenses, and capital expenditures. The Company will not receive any of the proceeds from the sale of shares held by selling securityholders. The shares started trading on the Nasdaq Stock Market under the ticker symbol “LIF” on June 6, 2024. The offering closed on June 7, 2024.

Life360, a family connection and safety company, keeps people close to the ones they love. The category-leading mobile app and Tile tracking devices empower members to stay connected to the people, pets, and things they care about most, with a range of services, including location sharing, safe driver reports, and crash detection with emergency dispatch. Life360 delivers peace of mind and enhances everyday family life in all the moments that matter, big and small.