PLANO, Texas, March 10, 2025 /PRNewswire/ — Alkami Technology, Inc. (Nasdaq: ALKT) (“Alkami”), a leading cloud-based digital banking solutions provider for financial institutions in the U.S., today announced the pricing of its offering of $300,000,000 aggregate principal amount of 1.50% convertible senior notes due 2030 (the “notes”) in a private offering (the “Offering”) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). 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 $45,000,000 aggregate principal amount of the notes.

The notes will be senior, unsecured obligations of Alkami and will accrue interest at a rate of 1.50% per annum, payable semi-annually in arrears on March 15 and September 15 of each year, beginning on September 15, 2025. The notes will mature on March 15, 2030, unless earlier repurchased, redeemed or converted. Before November 15, 2029, noteholders will have the right to convert their notes only upon the occurrence of certain events. From and after November 15, 2029, noteholders may convert their notes at any time at their election until the close of business on the second scheduled trading day immediately before the maturity date. Alkami will settle conversions by paying or delivering, as applicable, cash, shares of its common stock or a combination of cash and shares of its common stock, at Alkami’s election. The initial conversion rate is 30.4681 shares of common stock per $1,000 principal amount of notes, which represents an initial conversion price of approximately $32.82 per share of common stock. The initial conversion price represents a premium of approximately 37.5% over the last reported sale price of $23.87 per share of Alkami’s common stock on March 10, 2025. The conversion rate and conversion price will be subject to adjustment upon the occurrence of certain events.

The notes will be redeemable, in whole or in part (subject to certain limitations), for cash at Alkami’s option at any time, and from time to time, on or after March 20, 2028 and on or before the 62nd scheduled trading day immediately before the maturity date, but only if the last reported sale price per share of Alkami’s common stock exceeds 130% of the conversion price for a specified period of time and certain other conditions are satisfied. The redemption price will be equal to the principal amount of the notes to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the redemption date.

If a “fundamental change” (as defined in the indenture for the notes) occurs, then, subject to a limited exception, noteholders may require Alkami to repurchase their notes for cash. The repurchase price will be equal to the principal amount of the notes to be repurchased, plus accrued and unpaid interest, if any, to, but excluding, the applicable repurchase date.

Alkami estimates that the net proceeds from the Offering will be approximately $290.3 million (or approximately $334.0 million if the initial purchasers exercise in full their option to purchase additional notes), after deducting the initial purchasers’ discounts and commissions and Alkami’s estimated offering expenses. Alkami expects to use approximately $29.5 million of the net proceeds from the Offering to fund the cost of entering into the capped call transactions described below, and the remainder, together with cash on hand, which may include proceeds from drawing on Alkami’s existing credit facility, and restricted stock units issued to continuing employees of Fin Technologies, Inc. dba MANTL (“MANTL”), to fund the previously announced pending acquisition of MANTL. Alkami expects to use any remaining net proceeds from the Offering for general corporate purposes. If the initial purchasers exercise their option to purchase additional notes, then Alkami intends to use up to approximately $4.4 million of the additional net proceeds to fund the cost of entering into additional capped call transactions as described below. The completion of the Offering is not contingent on the closing of the MANTL acquisition. There can be no assurance that the MANTL acquisition will be completed in a timely manner or at all. If the MANTL acquisition does not close, Alkami intends to the use the net proceeds from the Offering to fund the capped call transactions and for general corporate purposes.

In connection with the pricing of the notes, Alkami entered into privately negotiated capped call transactions with certain of the initial purchasers or their affiliates and certain other financial institutions (the “option counterparties”). The capped call transactions cover, subject to anti-dilution adjustments substantially similar to those applicable to the notes, the number of shares of Alkami’s common stock that initially underlie the notes. If the initial purchasers exercise their option to purchase additional notes, then Alkami expects to enter into additional capped call transactions with the option counterparties. The cap price of the capped call transactions is initially $47.74 per share, which represents a premium of 100% over the last reported sale price of Alkami’s common stock of $23.87 per share on March 10, 2025, and is subject to certain adjustments under the terms of the capped call transactions.

The capped call transactions are expected generally to reduce the potential dilution to Alkami’s common stock upon any conversion of the notes and/or offset any potential cash payments Alkami is required to make in excess of the principal amount of converted notes, as the case may be. If, however, the market price per share of Alkami’s common stock, as measured under the terms of the capped call transactions, exceeds the cap price of the capped call transactions, there would nevertheless be dilution and/or there would not be an offset of such potential cash payments, in each case, to the extent that such market price exceeds the cap price of the capped call transactions.

In connection with establishing their initial hedges of the capped call transactions, the option counterparties or their respective affiliates expect to enter into various derivative transactions with respect to Alkami’s common stock and/or purchase shares of Alkami’s common stock concurrently with or shortly after the pricing of the notes. This activity could increase (or reduce the size of any decrease in) the market price of Alkami’s common stock or the market value of the notes at that time.

In addition, the option counterparties or their respective affiliates may modify their hedge positions by entering into or unwinding various derivatives with respect to Alkami’s common stock and/or purchasing or selling Alkami’s common stock or other securities of Alkami in secondary market transactions following the pricing of the notes and prior to the maturity of the notes (and are likely to do so (x) during any observation period related to a conversion of notes or following any repurchase of the notes by Alkami in connection with any redemption or fundamental change, (y) following any repurchase of the notes by Alkami other than in connection with any redemption or fundamental change if Alkami elects to unwind a corresponding portion of the capped call transactions in connection with such repurchase and (z) if Alkami otherwise unwinds all or a portion of the capped call transactions). This activity could also cause or avoid an increase or decrease in the market price of Alkami’s common stock or the notes, which could affect noteholders’ ability to convert the notes and, to the extent the activity occurs during any observation period related to a conversion of notes, it could affect the amount and value of the consideration that noteholders will receive upon conversion of the notes.

The offer and sale of the notes and any shares of common stock issuable upon conversion of the notes have not been, and will not be, registered under the Securities Act or any other securities laws, and the notes and any such shares cannot be offered or sold except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and any other applicable securities laws.

This press release is for informational purposes only and shall not constitute an offer to sell or a solicitation of an offer to buy the notes or any shares of common stock issuable upon conversion of the notes, nor shall there be any sale of the notes or any such shares, in any state or jurisdiction in which such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains “forward-looking” statements relating to the Offering, the expected closing date and the satisfaction of customary closing conditions with respect to the Offering, Alkami’s anticipated use of the net proceeds, the effects of entering into the capped call transactions, and the closing of Alkami’s acquisition of MANTL. These forward-looking statements are based on management’s beliefs and assumptions and on information currently available to management. Forward-looking statements include all statements that are not historical facts and may be identified by terms such as “expects,” “believes,” “plans,” or similar expressions and the negatives of those terms. These forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements, expressed or implied by the forward-looking statements. Factors that may materially affect such forward-looking statements include: our limited operating history and history of operating losses; our ability to manage future growth; our ability to attract new clients and retain and expand existing clients’ use of our solutions; the unpredictable and time-consuming nature of our sales cycles; our ability to maintain, protect and enhance our brand; our ability to accurately predict the long-term rate of client subscription renewals or adoption of our solutions; our reliance on third-party software, content and services; our ability to effectively integrate our solutions with other systems used by our clients; intense competition in our industry; any downturn, consolidation or decrease in technology spend in the financial services industry, including as a result of recent closures of certain financial institutions and liquidity concerns at other financial institutions; our ability and the ability of third parties on which we rely to prevent and identify breaches of security measures (including cybersecurity) and resulting disruptions of our systems or operations and unauthorized access to client customer and other data; our ability to successfully integrate acquired companies or businesses; our ability to successfully close the acquisition of MANTL; our ability to comply with regulatory and legal requirements and developments; our ability to attract and retain key employees; the political, economic and competitive conditions in the markets and jurisdictions where we operate; our ability to maintain, develop and protect our intellectual property; our ability to respond to evolving technological requirements to develop or acquire new and enhanced products that achieve market acceptance in a timely manner; our ability to estimate our expenses, future revenues, capital requirements, our needs for additional financing and our ability to obtain additional capital; our ability to complete the Offering; the satisfaction of customary closing conditions related to the Offering; and other factors described in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the year ended December 31, 2024, filed with the SEC on February 28, 2025. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.

Investor Relations Contact
Steve Calk
ir@alkami.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/alkami-announces-pricing-of-300-million-convertible-senior-notes-offering-302397803.html

SOURCE Alkami Technology, Inc.

NICOSIA, Cyprus, March 11, 2025 /PRNewswire/ — Global iGaming platform BC.GAME has announced plans to expand upon its first esports team led by a quintet of world-class players. The BC.GAME ESPORTS team will compete on the global stage in 2025 against the world’s best CS2 players and be complemented by the formation of new BC.GAME teams.

The creation of BC.GAME ESPORTS in 2024 has expanded the BC.GAME brand and spotlighted the platform’s innovative iGaming offerings. In the process, it’s raising the profile of the five acclaimed CS2 players who will compete for top prizes in major tournaments in 2025 and beyond.

Tactical FPS game Counter-Strike 2 (CS2) is one of the world’s most popular esports games, attracting international teams that compete for millions of dollars in prize money. The BC.GAME ESPORTS team is composed of CS2 pros jkaem (Norway), nawwk (Sweden), Cypher (UK), pr1metapz (Germany), and Nexa (Serbia). Their combined skill and experience have equipped the team to challenge for prizes on the CS2 circuit.

Since forming in 2024, BC.GAME ESPORTS has already secured the Euproleague S17 Championship, United21 S23 Championship, and qualified for IEM Dallas 2025, making a bold statement on the international stage. At the IEM Dallas 2025 Europe Closed Qualifier, BC.GAME ESPORTS’ jkaem ranked second in player ratings (1.43), showcasing the team’s exceptional form.

30-year-old jkaem, who serves as team Rifler, boasts over 190,000 followers and a CS2 K/D (kill/death) ratio of 1.23. Four team members have a positive K/D ratio, with their credentials burnished by their coronation as Euproleague Season 17 Champions.

The early success of the BC.GAME ESPORTS team lays a strong foundation for further tournaments in 2025 while supporting BC.GAME’s broader goals of integrating crypto and esports. Through mainstreaming decentralized gaming economies, BC.GAME aims to unlock new experiences for players and fans alike.

While supporting its core CS2 team as the year progresses, BC.GAME ESPORTS plans to expand into more esports titles and collaborate with global teams and tournament organizers. In doing so, it aims to establish itself as the most influential esports brand in the Web3 era.

About BC.GAME ESPORTS

Founded in 2024, BC.GAME ESPORTS is an esports organization committed to global brand development and building authentic connections with the gaming community. Its CS2 team, formed of five of the world’s best Counter-Strike 2 players, has already enjoyed early tournament success. As BC.GAME ESPORTS expands into other esports, its founding team will be complemented by additional players that will challenge for top prizes while inspiring a new generation of gamers.

Learn more: BC.GAME ESPORTS

Photo – https://mma.prnewswire.com/media/2638657/BC_GAME_Esports_CS2_team_members_posing_BC_GAME_jerseys.jpg
Logo – https://mma.prnewswire.com/media/2496049/BC_GAME_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/bcgame-team-compete-for-top-prizes-as-bcgame-esports-expands-its-line-up-302397808.html

SINGAPORE, March 11, 2025 /PRNewswire/ — Asia’s leading trade event for the construction and built environment ecosystem, BuildTech Asia (BTA) 2025, organised by Constellar, returns from 18–20 March 2025 at Singapore EXPO. Against a backdrop of evolving regulatory demands in building standards including sustainability and safety, as well as rising costs and rapid technological advancements, the 14th edition will drive the adoption of innovative technologies, sustainable practices, and digital solutions with the theme “Building Tomorrow: Innovate, Sustain, Transform”.

Attendees will be able to connect with over 100 exhibitors and brands from 16 countries demonstrating the latest innovations that advance efficiency, productivity, workplace safety, and resilience. In partnership with leading industry associations and organisations[1], BTA 2025 will also host 15 specialised conferences, expert-led forums, and hands-on workshops addressing critical industry challenges and offering actionable insights, while enabling attendees to earn certification points[2].

Reflecting industry shifts towards openBIM as the industry standard for driving collaboration, cost efficiency and sustainability. BTA 2025 also welcomes the inaugural co-location of the buildingSMART International Summit, a pivotal global forum shaping the future of openBIM (Building Information Modelling) and digital construction.

Staying ahead of policy and industry shifts impacting future construction

Asia’s built and construction sector is undergoing rapid transformation driven by technology adoption, policy shifts, and enhanced safety standards, while also accelerating efforts to integrate sustainability practices and standards. Singapore continues to lead the region with initiatives such as Corenet X, BIM implementation, robotics, and automation, marking new milestones in workplace safety performance and enforcing mandatory energy audits for sustainability. Meanwhile, Malaysia’s policies including BIM mandate are reshaping project management. Thailand is advancing smart buildings and circular economy efforts through smart building projects. The Philippines is in the early stages of AI-driven digital transformation, and Indonesia anticipates a construction boom as its capital relocation to Nusantara progresses.

“The rapid transformation of Asia’s built environment and construction sector signals a need for collective regional commitment toward digitalisation, safety, and sustainability. BTA 2025 is designed to address current industry needs, co-created in partnership with subject matter experts and industry associations to accelerate knowledge sharing, actionable insights and access to proven solutions. Structured around three key pillars – Innovate, Sustain, and Transform, BTA will empower developers, contractors, architects, engineers, facility managers, and policymakers to collaboratively shape the future of the built environment and construction in Asia,” said Mr. Paul Lee, Chief Executive (Markets), Constellar.

The extensive curation at BTA 2025 will provide attendees with unparalleled opportunities to engage with global leaders, exchange transformative ideas, and drive meaningful action toward a more sustainable and digitally advanced future for the region’s construction sector.

Apart from the co-location of buildingSMART International Summit, AtoZero, or “Accelerate To Net Zero”, a regional conference supporting the global climate change agenda, will also be co-located here. Additionally, BTA 2025 has collaborated with Construction & Surveying Productivity Improvement Expo (CSPI), a leading exhibition in Japan for the construction sector, with the longer-term goal of connecting Japanese manufacturers with the ASEAN markets and showcase Japanese capabilities in digitalisation and enhancing productivity for the sector.

Together with buildingSMART, Specialists Trade Alliance of Singapore (STAS) and Workplace Safety and Health Council (WSHC) respectively, BTA 2025 will also host the buildingSMART Pavilion, Work-at-Height Experience Zone, as well as the Singapore Pavilion which will feature 26 Singaporean companies offering consultancy services, digital and AI solutions, energy management systems, construction equipment and materials.

Table A: Overview of BTA 2025 (refer to BTA website for details)

Key themes at BTA 2025

a) INNOVATE – Unlocking the Future of Smart Construction

Discussions on digitalisation, BIM interoperability, and digital twin technology will take centre stage, with a focus on initiatives such as CORENET X and openBIM. These topics will also be explored in depth at the buildingSMART International Summit and SGTech Digital Transformation Conference, both hosted at BTA 2025 for the first time.

“Digitalisation is no longer a choice but a necessity for the built environment, transforming the way we design, construct, and operate. As the industry faces increasing demands for efficiency, sustainability, and innovation, buildingSMART International plays a pivotal role in empowering stakeholders through the creation and maintenance of its reliable suite of open, international standards and solutions. With the biannual ‘buildingSMART International Summit’ taking place in Singapore this March, and with a unique partnership and co-location with BuildTech Asia, attendees have an unparalleled opportunity to gain valuable insights from two important industry events, driving the future of the built environment in one collaborative space,” Aidan Mercer, Marketing Director at buildingSMART International, organiser for the buildingSMART International Summit.

Alongside the above is APARA’s AI in Robotics Symposium, which will be hosting a panel discussion on the rise of AI in robotics, helmed by Ms Alisa Koniukhovskai of Amethyst Group (Russia); Ms Elle Quan, Vice President of APARA; Mr Oliver Tian, Vice President (Global Robot Clusters) of APARA and Mr Soungho Chae, Director of Kajima Technical Research Institute Singapore (KaTRIS).

Additionally, attendees can explore the latest digital solutions and BIM innovations at the buildingSMART Pavilion, as well as with Autodesk, LeapThought, Nemetschek, and more. Some of these include:

Transcendence Company Limited’s C-SMART All-in-One Smart Construction Management Platform leveraging IoT, sensors, AI, cloud computing, and Building Information Modeling (BIM) to enhance efficiency and safety throughout the entire construction lifecycle. While the platform is already deployed across nearly 400 construction sites in Hong Kong, Macau, and mainland China, BTA 2025 will be its first springboard into Singapore and ASEAN.

b) SUSTAIN – Driving Energy Efficiency & Sustainable Practices

The AtoZero @ BTA 2025: Sustainable Buildings and Energy Storage (SBES) Forum will debut, focusing on the critical roles of electrification, digitalisation, and carbon reporting. Key sessions include:

Keynote address by Mr Tan Szue Hann, Head of Sustainability (Real Estate) and Director, Sustainable Urban Renewal at Keppel Limited;Panel discussion on powering buildings and construction, featuring experts from JTC Corporation, City Developments Limited (CDL), The GEAR by Kajima; and Infinity Cube Pte Ltd.

Conferences by IES, SIFMA and SCAL Academy will provide deeper insights into circular practices, material reuse and waste reduction. SIFMA’s key speakers include Mr Yina Chua, Head of Customer Solution, Industry, APAC & China, Grundfos (Singapore); and Mr Asen Chow, Head of Integrated Real Estate Management, JLL Property & Asset Management.

At the exhibition, attendees can connect with sustainability-focused and Energy Efficiency Grant-approved exhibitors such as Volvo Construction Equipment, JP Nelson Equipment, and Infinity Cube, alongside sustainability-driven companies like Energy Renewal, M Concept Studio and XCMG. Latest products to check out include:

Innoark’s E2MAS and WE2MAS systems, powered by AI to drive energy savings and water efficiency; andthe SRM T3 commercial EV distributed exclusively by Hong Seh Evolution, which delivers exceptional performance (with a range of up to 300 kilometers on a single charge) while maintaining energy efficiency.

c) TRANSFORM – Advancing Safety & Resilience in Construction 

Workplace safety and risk management continues to be a priority, with focal discussions at the Workplace Safety and Health Council’s Work at Heights Symposium, SPM Symposium, FPAS’ Fire Protection Symposium and the IPAF Seminar. The Work at Heights Symposium will share the latest inspection findings, best practices, and latest developments and innovations about work at height safety.

Other topics to be covered by SPM, FPAS and IPAF include best practices for Mobile Elevating Work Platforms (MEWPs), renewable energy systems and high-energy-density infrastructure. Speakers at IPAF’s seminar include Ms Lee Guek Hoon, Senior Principal Specialist (Engineering Safety), OSH Specialist Department, Ministry of Manpower Singapore.

The Work-at-Height Experience Zone is specially curated, featuring hands-on demonstrations and insights into innovative safety technologies. Exhibitors such as Antar Cranes Services, King Fire, Lingjack DiGiTaL and ProEn Scaffold will also showcase their latest solutions, such as ProEn Scaffold’s WEB Deck system, a lightweight and modular suspended access system safe for efficient work at height.

BTA 2025 will be at Singapore EXPO Hall 3 from 18 to 20 March 2025.

Register here to visitFind out who’s exhibitingMore on BTA’s conferences here

About BuildTech Asia

BuildTech Asia is the Asia Pacific premier platform for the built environment sector which showcases the latest regional brands showcasing the most comprehensive exhibiting profile such as onsite construction machinery & equipment, building materials & solutions, architectural & quality finishes, productive technologies, facilities management, and infrastructure solutions to help accelerate the built environment sector to build smart solutions and productive technologies across the entire building life-cycle. With international and faster and smarter. The annual event provides a gateway into Asia to network with a wide range of practitioners, technology experts, industry players, developers, agents, and distributors in the building and construction industry.

2024’s edition drew 4,800 attendees from 12 countries/regions, 64 exhibitors, and facilitated over 90 business matching sessions.

About Constellar

Constellar is Asia’s preferred partner for convening businesses, curating ideas and creating opportunities for sustainable business growth and global impact. Based in Singapore with a regional footprint in China, and Malaysia, we curate and develop influential trade and consumer events for key industries and sectors, connecting people, global marketplaces and networks for sustainable growth. We also manage the Singapore EXPO, Singapore’s largest purpose-built venue for Meetings, Incentives, Conventions and Exhibitions (MICE). Our vision is to be a global leader made in Asia, activating impactful networks to enable cross-industry collaboration and innovation through our holistic portfolio of intellectual properties in the MICE industry. Visit constellar.co for more information.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/buildtech-asia-2025-to-accelerate-innovation-sustainability-and-safety-driven-transformation-for-asias-built-sectors-302397805.html

SOURCE Constellar