BuybackMay 6, 2026, 04:09 PM
Alkami Technology Authorizes $100M Stock Repurchase Program
AI Summary
Alkami Technology, Inc. entered into a Fifth Amendment to its Amended and Restated Credit Agreement on May 1, 2026. This amendment permits the company to use up to $100,000,000 of its cash to repurchase its common stock. The stock repurchase program is anticipated to continue through the Revolving Termination Date, unless otherwise adjusted by the company's board of directors.
Key Highlights
- Alkami Technology authorized a stock repurchase program.
- The program allows for up to $100,000,000 in common stock repurchases.
- This authorization was enabled by a Fifth Amendment to the Credit Agreement.
- The Fifth Amendment became effective on May 1, 2026.
- The repurchase program is expected to continue through the Revolving Termination Date.