Alkami Prices Secondary Offering Of 5M Shares Of Common Stock By Selling Stockholders
Portfolio Pulse from Benzinga Newsdesk
Alkami Technology, Inc. (NASDAQ: ALKT) announced the pricing of a secondary offering of 5 million shares of common stock by selling stockholders. The offering is expected to close on August 12, 2024, with an option for the underwriter to purchase an additional 750,000 shares. The company will not receive any proceeds from this offering.
August 09, 2024 | 12:33 pm
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Alkami Technology announced a secondary offering of 5 million shares by selling stockholders, expected to close on August 12, 2024. The company will not receive any proceeds from this offering.
The secondary offering increases the supply of ALKT shares in the market, which could put downward pressure on the stock price in the short term. Additionally, the company will not receive any proceeds from this offering, which may be viewed negatively by investors.
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