Business Context and Reporting Period
This Form 8-K Current Report was filed by Alkami Technology, Inc. on August 8, 2024, with the earliest event reported on the same date. The filing discloses an underwritten secondary offering of the Company's common stock.
Key Financial Metrics
The filing does not provide specific revenue, profit, cash flow, margin, debt, or liquidity metrics. The transaction described is a secondary offering where the Company did not receive any proceeds from the sale of shares.
Material Changes
- Secondary Offering: On August 8, 2024, the Company entered into an underwriting agreement with J.P. Morgan Securities LLC.
- Shares Sold: An aggregate of 5,000,000 shares of Common Stock were sold by Selling Stockholders (entities affiliated with General Atlantic, L.P., S3 Ventures Fund III, L.P., George B. Kaiser, and Brian R. Smith).
- Closing Date: The offering closed on August 12, 2024.
- Proceeds: The Company received $0 from this transaction; all proceeds went to the Selling Stockholders.
Guidance, Outlook, and Risks
The filing contains no management guidance, outlook, or specific risk factors beyond the standard disclosures regarding the underwriting agreement. The agreement includes customary representations, warranties, covenants, and indemnification obligations. The full text of the Underwriting Agreement is filed as Exhibit 1.1.
Investor Verification Checklist
- Verify the impact of the 5,000,000 share sale on total outstanding shares and potential dilution.
- Confirm the identity of the Selling Stockholders and their remaining holdings post-offering.
- Review the Underwriting Agreement (Exhibit 1.1) for any lock-up agreements or specific covenants affecting future trading.
- Check subsequent filings for the final offering price per share, which is not explicitly stated in this summary text.