Certain CHESS Depositary Interests of Life360, Inc. are subject to a Lock-Up Agreement Ending on 9-NOV-2019.
November 08, 2019
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Certain CHESS Depositary Interests of Life360, Inc. are subject to a Lock-Up Agreement Ending on 9-NOV-2019. These CHESS Depositary Interests will be under lockup for 184 days starting from 9-MAY-2019 to 9-NOV-2019.
Details:
The directors John Philip Coghlan, Chris Hulls, Alex Haro, Brit Morin, James Synge, Mark Goines are entered into escrow arrangements for shares and options until the day following the release of the year 2019 results.
The investors Seraph Life360, LLC, Fontinalis Capital Partners I, LP and other shareholders have escrowed shares and options until the day following the release of the year 2019 results.
The investor The ADT Security Corporation entered into escrow arrangement for 6 month anniversary of the listing date.
Life360, Inc. is a provider of technology platform used to locate the people, pets and things that matter to families. The Company has a category at the intersection of family, technology, and safety to help keep families connected and safe. Its products include Life360 Subscription Offerings, Life360 Platform, Tile Product Line, Tile Subscription Offerings, Jiobit Product Line and Jiobit Subscription Offerings. The Life360 mobile application operates under a freemium model where its core offering is available to users. In addition, three paid membership subscription options are available for users looking for a variety of features, such as additional safety features for the everyday family: Life360 Silver, Life360 Gold, and Life360 Platinum, which offer users a comprehensive suite of premium safety services. It offers four key product features that combined make up the Life360 Platform: location coordination and safety, driving safety, digital safety, and emergency assistance.