secwatch.observer — SEC 8-K summary
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Issuer:     ALKAMI TECHNOLOGY, INC. (ALKT)
CIK:        0001529274
Form:       8-K
Filed at:   2023-09-06T23:59:59+00:00
Accession:  0001529274-23-000165
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1529274/000152927423000165/0001529274-23-000165-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1529274/000152927423000165/alk-20230905.htm
  HTML page:      https://secwatch.observer/filing/0001529274-23-000165

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer