Alkami Technology Inc. (ALKT) has announced the pricing for a secondary offering of 7.50 million shares of its common stock. These shares are being sold by entities linked to General Atlantic, L.P., S3 Ventures Fund III, L.P., George B. Kaiser, and Brian R. Smith.
This transaction is slated to conclude on November 8, 2024. The underwriter retains a 30-day option to purchase an additional 1,125,000 shares from the selling shareholders at the set public offering price, excluding underwriting discounts and commissions.
Alkami clarified that the selling shareholders are entitled to receive all net proceeds from the offering. The company itself is not selling any shares as part of this offering and will not benefit from the proceeds generated by this sale.
J.P. Morgan Securities LLC is serving as the underwriter and exclusive book-running manager for the offering.
