ALKAMI TECHNOLOGY, INC. (ALKT): debt financing — Alkami issues $345M 1.50% convertible notes due 2030, enters capped call transactions

ALKAMI TECHNOLOGY, INC.

Issued $345M principal of 1.50% convertible senior notes due 2030, including $45M from full greenshoe exercise.
Initial conversion price $32.82/share, a ~37.5% premium over $23.87 closing price on March 10, 2025.
Capped call transactions cost ~$33.9M; cap price $47.74/share (100% premium).
Net proceeds ~$290.3M (or ~$334M if greenshoe fully exercised) to fund MANTL acquisition and general purposes.
Notes mature March 15, 2030; interest payable semi-annually starting Sept 15, 2025.

item 1.01 item 2.03 item 3.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 1.0

ALKAMI TECHNOLOGY, INC. incurred convertible notes of $345 million principal amount with U.S. Bank Trust Company, National Association at 1.50% per annum maturing March 15, 2030.

Instrument: convertible notes
Principal: $345 million principal amount
Counterparty: U.S. Bank Trust Company, National Association
Rate: 1.50% per annum
Maturity: March 15, 2030
Event: incurrence

Exact text from the filing

On March 13, 2025, Alkami Technology, Inc. (the “ Company ”) issued $345 million principal amount of its 1.50% Convertible Senior Notes due 2030 (the “ Notes ”).

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ALKAMI TECHNOLOGY, INC. filing history →

Source: SEC EDGAR

accession 0001529274-25-000040

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