Summary by Moomoo AI
Unity Software Inc. has filed a registration statement with the Securities and Exchange Commission on November 7, 2024, for the resale of 7,870,795 shares of common stock by certain selling stockholders. These shares were initially issued to the stockholders following Unity's merger with ironSource Ltd., which was completed as per the terms of the Agreement and Plan of Merger dated July 13, 2022. The selling stockholders, who became affiliates of Unity after the merger, are now permitted to resell their shares publicly as outlined in the Registration Rights Agreement dated November 7, 2022. Unity will not receive any proceeds from the sale of the common stock, and the selling stockholders will be responsible for any associated underwriting discounts, commissions, and other selling expenses. The shares may be sold through various methods including direct sales, negotiated transactions, or through underwriters, and will be freely tradable upon their sale. Unity's common stock is listed on the New York Stock Exchange under the symbol 'U'.
