M&A - ALKAMI TECHNOLOGY, INC.

Form Type: 8-K

Filing Date: 2025-03-17

Corporate Action: Merger

Type: New

Accession Number: 000152927425000044

Filing Summary: On March 17, 2025, Alkami Technology, Inc. announced the completion of its merger with Fin Technologies, Inc. dba MANTL, following the terms outlined in the Merger Agreement dated February 27, 2025. The merger involves the full acquisition of MANTL, which will operate as a wholly owned subsidiary of Alkami. The total compensation for the acquisition comprised approximately $380 million in cash, alongside restricted stock units valued at about $13 million for continuing MANTL employees, serving as a replacement for their unvested stock options. Additionally, some of the cash consideration was escrowed to cover certain indemnification obligations post-closing. A comprehensive description of the merger details can be found in Exhibit 2.1 of the filing.

Form Type: 8-K

Filing Date: 2025-02-27

Corporate Action: Acquisition

Type: New

Accession Number: 000152927425000028

Filing Summary: On February 27, 2025, Alkami Technology, Inc. entered into an Agreement and Plan of Merger to acquire Fin Technologies, Inc. dba MANTL for an enterprise value of $400 million on a debt-free, cash-free basis. Alkami will fund the acquisition with approximately $380 million in cash and $13 million in restricted stock units for MANTL employees. The completion of the merger is subject to customary closing conditions, including antitrust approvals and compliance with representations and warranties. Additionally, the Company amended its Credit Agreement to extend the revolving loan commitment and permit the acquisition of MANTL. The document also includes the release of financial results for the previous quarter and year, along with an investor presentation, and a joint press release regarding the merger.