---
schema_version: "secwatch.filing_event.v1"
accession: "0001529274-25-000040"
form_type: "8-K"
ticker: "ALKT"
cik: "0001529274"
company_name: "ALKAMI TECHNOLOGY, INC."
filed_at: "2025-03-13T23:59:59+00:00"
generated_at: "2026-05-24T21:12:55.751650+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Alkami issues $345M 1.50% convertible notes due 2030, enters capped call transactions

## Summary
- 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.

## SEC filing metadata
- accession: 0001529274-25-000040
- form_type: 8-K
- ticker: ALKT
- cik: 0001529274
- company_name: ALKAMI TECHNOLOGY, INC.
- filed_at: 2025-03-13T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1529274/000152927425000040/0001529274-25-000040-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1529274/000152927425000040/alk-20250310.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001529274-25-000040
- JSON: https://secwatch.observer/filing/0001529274-25-000040.json
- Plain text: https://secwatch.observer/filing/0001529274-25-000040.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.