ALKAMI TECHNOLOGY, INC. (ALKT): M&A transaction — Alkami closes acquisition of MANTL for ~$380M cash plus $13M RSUs

ALKAMI TECHNOLOGY, INC.

Aggregate consideration ~$380M cash plus $13M in RSUs for unvested MANTL options.
MANTL provides onboarding and account opening solutions for financial institutions.
Transaction closed March 17, 2025; MANTL survives as wholly owned subsidiary of Alkami.
Portion of cash placed in escrow for post-closing indemnification obligations.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

ALKAMI TECHNOLOGY, INC. completed an acquisition involving Fin Technologies, Inc. dba MANTL for approximately $380 million in cash (closed 2025-03-17).

Action: acquisition
Counterparty: Fin Technologies, Inc. dba MANTL
Consideration: approximately $380 million in cash
Closing: 2025-03-17

Exact text from the filing

of channels for many deposit account types. The aggregate consideration paid in exchange for all of the outstanding equity interests of MANTL at closing was approximately $380 million in cash, as well as restricted stock units issued to continuing MANTL employees with a previously reported estimated value of $13 million as replacement for unvested compensatory

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ALKAMI TECHNOLOGY, INC. filing history →

Source: SEC EDGAR

accession 0001529274-25-000044

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