secwatch.observer — SEC 8-K summary
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Issuer:     ALKAMI TECHNOLOGY, INC. (ALKT)
CIK:        0001529274
Form:       8-K
Filed at:   2025-03-13T23:59:59+00:00
Accession:  0001529274-25-000040
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.03, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1529274/000152927425000040/0001529274-25-000040-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1529274/000152927425000040/alk-20250310.htm
  HTML page:      https://secwatch.observer/filing/0001529274-25-000040

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