Alkami Launches Proposed Secondary Offering Of 5M Shares By Selling Stockholders
Portfolio Pulse from Benzinga Newsdesk
Alkami Technology, Inc. (ALKT) has announced a proposed secondary offering of 5 million shares by selling stockholders.
August 08, 2024 | 10:07 pm
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Alkami Technology, Inc. (ALKT) has announced a proposed secondary offering of 5 million shares by selling stockholders. This could lead to short-term downward pressure on the stock price due to increased supply.
The secondary offering increases the supply of shares in the market, which can lead to a decrease in the stock price in the short term as selling stockholders look to liquidate their positions.
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IMPORTANCE 80
RELEVANCE 100