--- schema_version: "secwatch.filing_event.v1" accession: "0001193125-22-279161" form_type: "8-K" ticker: "U" cik: "0001810806" company_name: "Unity Software Inc." filed_at: "2022-11-07T23:59:59+00:00" generated_at: "2026-06-22T05:46:14.255818+00:00" event_type: "m_and_a" sentiment: "positive" materiality_score: 0.75 calibrated_materiality_score: 0.75 confidence: "high" source: SEC EDGAR --- # Unity completes ironSource merger; issues ~112.5M shares; board adds 3 directors ## Summary - Each ironSource share converted into 0.1089 Unity shares; merger effective Nov 7, 2022. - Unity issued ~112.5M shares; pre-merger Unity holders own 72.8%, former ironSource holders 27.2%. - Board expanded from 10 to 13; added Tomer Bar-Zeev, Shlomo Dovrat, David Kostman. - Registration Rights Agreement entered with ironSource affiliates for resale registration. - Combined company expects to be highly profitable and generate positive free cash flow. ## SEC filing metadata - accession: 0001193125-22-279161 - form_type: 8-K - ticker: U - cik: 0001810806 - company_name: Unity Software Inc. - filed_at: 2022-11-07T23:59:59+00:00 - event_type: m_and_a - sentiment: positive - materiality_score: 0.75 - calibrated_materiality_score: 0.75 - confidence: high - sec_items: 1.01, 2.01, 5.02, 7.01, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1810806/000119312522279161/0001193125-22-279161-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1810806/000119312522279161/d402948d8k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001193125-22-279161 - JSON: https://secwatch.observer/filing/0001193125-22-279161.json - Plain text: https://secwatch.observer/filing/0001193125-22-279161.txt ## Key facts - Executive change David Kostman was appointed as Director at Unity Software Inc.. - Action: appointed - Role: Director source text: increased the size of the Unity Board from ten (10) members to thirteen (13) members and appointed to the Unity Board each of Tomer Bar-Zeev, the Chief Executive Officer of ironSource, Shlomo Dovrat, a former member of the ironSource board of directors, and David Kostman, a former member of the ironSource board of directors. evidence_url: https://www.sec.gov/Archives/edgar/data/1810806/000119312522279161/0001193125-22-279161-index.htm - Executive change Shlomo Dovrat was appointed as Director at Unity Software Inc.. - Action: appointed - Role: Director source text: increased the size of the Unity Board from ten (10) members to thirteen (13) members and appointed to the Unity Board each of Tomer Bar-Zeev, the Chief Executive Officer of ironSource, Shlomo Dovrat, a former member of the ironSource board of directors, and David Kostman, a former member of the ironSource board of directors. evidence_url: https://www.sec.gov/Archives/edgar/data/1810806/000119312522279161/0001193125-22-279161-index.htm - Executive change Tomer Bar-Zeev was appointed as Director at Unity Software Inc.. - Action: appointed - Role: Director source text: increased the size of the Unity Board from ten (10) members to thirteen (13) members and appointed to the Unity Board each of Tomer Bar-Zeev, the Chief Executive Officer of ironSource, Shlomo Dovrat, a former member of the ironSource board of directors, and David Kostman, a former member of the ironSource board of directors. evidence_url: https://www.sec.gov/Archives/edgar/data/1810806/000119312522279161/0001193125-22-279161-index.htm - M&A Transactions Unity Software Inc. completed an acquisition involving ironSource Ltd. for 0.1089 shares of Unity common stock (closed 2022-11-07). - Action: acquisition - Counterparty: ironSource Ltd. - Consideration: 0.1089 shares of Unity common stock - Closing: 2022-11-07 source text: shares, the “ ironSource ordinary shares ”), of ironSource issued and outstanding immediately prior to the Effective Time was converted automatically into the right to receive 0.1089 shares of Unity common stock (the “ Merger Consideration ”), with each fractional share rounded up or down to the nearest whole share. Unity stockholders will continue to own evidence_url: https://www.sec.gov/Archives/edgar/data/1810806/000119312522279161/0001193125-22-279161-index.htm - Material Agreements Unity Software Inc. entered into Registration Rights Agreement with the ironSource Affiliates (effective 2022-11-07). - Action: entry - Counterparty: the ironSource Affiliates - Effective: 2022-11-07 source text: In connection with the closing of the Merger (the “ Closing ”), on November 7, 2022, certain shareholders of ironSource that were party to the Second Amended and Restated Shareholders Rights Agreement, dated March 20, 2021, by and among ironSource and the parties thereto, and that were, immediately after the Effective Time, “affiliates” (as such term is defined in Rule 12b-2 promulgated under the Securities Exchange Act of 1934, as amended) of Unity (collectively, the “ ironSource Affiliates ”) entered into a Registration Rights Agreement with Unity (the “ Registration Rights Agreement ”). evidence_url: https://www.sec.gov/Archives/edgar/data/1810806/000119312522279161/0001193125-22-279161-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.