Latham & Watkins Represents Alkami Technology, Inc. in US$300 Million Convertible Senior Notes Offering

Alkami Technology, Inc. (Nasdaq: ALKT) (Alkami), a leading cloud-based digital banking solutions provider for financial institutions in the US, has announced the pricing of its offering of US$300 million aggregate principal amount of 1.50% convertible senior notes due 2030 in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933. The issuance and sale of the notes are scheduled to settle on March 13, 2025, subject to customary closing conditions. Alkami also granted the initial purchasers of the notes an option to purchase, for settlement within a period of 13 days from, and including, the date the notes are first issued, up to an additional US$45 million aggregate principal amount of the notes.

Latham & Watkins LLP represents Alkami in the offering with a corporate team led by partners Tad Freese, Greg Rodgers, and Joel Trotter, with associates Ryan Gold, Julian Brody, Andrew Bentz, Thalia Garcia, and Ryleigh Chen. Advice was also provided on derivatives matters by partner Catherine Lee, with associates Kevin Zhang and Henry Lin; and on tax matters by partners Bora Bozkurt and Grace Lee, with associate Shiyi Kiersten Parsons.