Anja Soderstrom

Rod Bourgeois

Arun Seshadri

Joseph Vafi

Kellen D'Alleva

- **Umony**, an AI-powered Financial Services Communications Compliance platform, announced the formation of a **world-class advisory board**.  **[746838_ff634b3851c34209aa0c89f2ed7e0eba_0]** 
- The new advisory board includes influential figures such as **Tracey McDermott**, former Chief Executive of the UK Financial Conduct Authority, and **Dr. Thomas Wolf**, co-founder of Hugging Face.  **[746838_ff634b3851c34209aa0c89f2ed7e0eba_0]** 
- The announcement coincides with the close of a **$15 million Series A funding round** led by **Notion Capital**.  **[746838_ff634b3851c34209aa0c89f2ed7e0eba_0]** **[746838_ff634b3851c34209aa0c89f2ed7e0eba_1]** 
- This funding will be used to accelerate Umony’s expansion, grow its engineering and AI research teams, and scale customer acquisition globally.  **[746838_ff634b3851c34209aa0c89f2ed7e0eba_1]**

Umony Forms Advisory Board and Secures Series A Funding

- Unisys has transferred approximately **$320 million** of its U.S. defined benefit pension obligations to F&G Annuities & Life, Inc. through the purchase of group annuity contracts.  **[746838_20250929PH85949:0]** 
- This transaction shifts responsibility for pension benefits for approximately **3,150 retirees** and beneficiaries to F&G.  **[746838_20250929PH85949:0]** 
- The company anticipates a **third-quarter 2025** one-time, non-cash, pre-tax settlement charge of approximately **$228 million** as a result of this action.  **[746838_20250929PH85949:0]** 
- This transfer is the first step in Unisys' plan to reduce approximately **$600 million** of U.S. qualified defined benefit pension plan liabilities by the end of **2026**.  **[746838_20250929PH85949:0]** 
- The purchase, made by the pension trust, will have **no impact on Unisys' cash position**.  **[746838_20250929PH85949:0]**

Unisys transfers $320 million in U.S. pension obligations to F&G

- Unisys reported approximately **$2 billion in revenue**, just under **$300 million in adjusted EBITDA**, and over **$50 million in free cash flow for 2024**.  **[746838_tx_375164_1]** 
- In June, Unisys issued **$700 million in senior secured notes** and contributed **$250 million to pension plans**, reducing the U.S. defined benefit pension deficit from **$500 million to $250 million**.  **[746838_tx_375164_6]** 
- These pension actions are projected to yield a **$70 million benefit to cash flows over five years** and aim to terminate the pension plan within **three to five years**.  **[746838_tx_375164_7]** 
- The company targets **150 basis points of annual gross margin expansion** in its XLNS solutions, building on **600 basis points of expansion since 2022**, and has reduced its SG&A base by **$30 million to $40 million**.  **[746838_tx_375164_4]** 
- Unisys projects future free cash flows of **$130 million to $140 million** on **$300 million of EBITDA** six years out, with current pre-pension free cash flow at **$110 million**.  **[746838_tx_375164_10]**

UNISYS (UIS)