US Stock Market Move | Planned issuance of $500 million convertible preferred notes for Unity Software (U.US) falls over 5%

On Monday, Unity Software (U.US) fell more than 5%, after rising 30% in the previous two trading days, now trading at $26.86. In terms of news, the company announced today that they will issue $500 million in convertible senior notes, with plans to use the funds for debt repurchase and strategic investments.