Life360 rises after upsized $275 million convertible debt deal

Family safety app Life360's LIF.O shares rise 2.8% to $62.83

LIF announces pricing of upsized offering of $275 million of convertible bonds due 2030 in private offering

Offering boosted from initial size of $250 million of convertible bonds

Stock closed down 3.8% on Monday after LIF unveiled convertible debt deal

Initial conversion price of $80.97 per share represents 32.5% upside to stock's last close

LIF plans to use portion of proceeds for general purposes, which may include acquisitions or investments

Co has 76.5 million outstanding shares for $4.68 billion market cap, per LSEG

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

As of last close, LIF stock up 48.1% YTD