Life360 falls on planned $250 million convertible bond offering

Family safety app Life360's LIF.O shares fall 2.9% to $61.70 premarket

LIF announces intention to offer $250 million worth of convertible bonds due 2030 in a private offering

Bonds will accrue interest payable semi-annually in arrears

LIF plans to use the proceeds for capped call transactions and other purposes, which may include acquisitions and investments

Capped calls are derivative transactions employed to offset share dilution

Co has 76.5 million outstanding shares for $4.86 billion market cap, per LSEG data

All 6 brokerages covering the stock rate "buy" or higher; median PT $56 - data compiled by LSEG

As of last close, LIF stock up 54% YTD