Alkami Technology reduces HQ space 33% and extends lease through 2033

ALKAMI TECHNOLOGY, INC.

Leased space reduced from ~125,468 sf to 83,939 sf effective Dec 31, 2023; surrenders Suite 120 second floor and Suite 1300.
Lease term extended 60 months from Sept 1, 2028 to Aug 31, 2033.
Fixed monthly rent: $206,350 (Jan-Jul 2024) escalating to $220,339 (Aug 2027-Aug 2028); extended term $253,566-$279,937/mo.
Unused finish allowance of $384,986 retained; can be used for improvements or rent credit within 24 months.
Replacement letter of credit for $283,333 with First Citizens Bank, expiring Aug 31, 2033.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 1.0

ALKAMI TECHNOLOGY, INC. amended Sixth Amendment to the Amended and Restated Office Lease with Granite Park NM/GP III, LP valued at Reduction of leased space from 125,468 sq ft to 83,939 sq ft; term extended 60 months from September (effective 2023-09-05).

Action: amendment
Agreement: lease
Counterparty: Granite Park NM/GP III, LP
Value: Reduction of leased space from 125,468 sq ft to 83,939 sq ft; term extended 60 months from September
Effective: 2023-09-05

Exact text from the filing

On September 5, 2023 (the “Effective Date”), Alkami Technology, Inc. (the “Company) entered into a Sixth Amendment (the “Sixth Amendment”) to the Amended and Restated Office Lease (the “Lease”) with Granite Park NM/GP III, LP (the “Landlord”).

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ALKAMI TECHNOLOGY, INC. filing history →

Source: SEC EDGAR

accession 0001529274-23-000165

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