Alkami discloses $3.3M deposits and $8.3M sweep accounts at failed Silicon Valley Bank

ALKAMI TECHNOLOGY, INC.

Aggregate $3.3M deposit balance at SVB equals ~2% of total cash and marketable securities reported in 2022 10-K.
$8.3M in SVB sweep accounts used to purchase external money market mutual funds held by external managers.
No borrowings under $40M revolver; $84.5M term loan outstanding under credit agreement maturing April 2025.
SVB licensed certain fraud mitigation products from Alkami for ~$0.5M annual recurring revenue.
Company ended 2022 with >$196M cash and marketable securities; believes sufficient to reach Adj. EBITDA positive by Q4 2023.

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