Item 1.01. Entry into a Material Definitive Agreement.

On April 29, 2022, Alkami Technology, Inc. (the "Company) entered into an amended and restated credit agreement with Silicon Valley Bank, Comerica Bank, and Canadian Imperial Bank of Commerce (the "Amended Credit Agreement"). The Amended Credit Agreement amends and restates the prior credit facility provided by Silicon Valley Bank and KeyBank National Association. The Amended Credit Agreement matures on April 29, 2025. The Amended Credit Agreement includes the following among other features:

•Revolving Facility: The Amended Credit Agreement provides $40.0 million in aggregate commitments for secured revolving loans ("Revolving Facility").

•Term Loan: A Term Loan of $85.0 million (the "Term Loan") was borrowed on the closing date of the Amended Credit Agreement. The additional proceeds received from the Term Loan were used to replenish cash used to fund the acquisition of Segmint Inc., which closed on April 25, 2022.

•Accordion Feature: The Amended Credit Agreement also allows the Company, subject to certain conditions, to request additional revolving loan commitments in an aggregate principal amount of up to $50.0 million.

Revolving Facility loans under the Amended Credit Agreement may be voluntarily prepaid and re-borrowed. Principal payments on the Term Loan are due in quarterly installments equal to an initial amount of approximately $1.1 million, beginning on June 30, 2023 and continuing through March 31, 2024 and increasing to approximately $2.1 million beginning on June 30, 2024 through the Amended Credit Agreement maturity date. Once repaid or prepaid, the Term Loan may not be re-borrowed.

Borrowings under the Amended Credit Agreement bear interest at a variable rate based upon the Secured Overnight Financing Rate ("SOFR") plus a margin of 3.00% to 3.50% per annum depending on the applicable recurring revenue leverage ratio. If the SOFR rate is ever less than 0%, then the SOFR rate shall be deemed to be 0%. The Amended Credit Agreement is subject to certain liquidity and operating covenants and includes customary representations and warranties, affirmative and negative covenants and events of default.

Obligations under the Amended Credit Agreement are guaranteed by the Company's subsidiaries and secured by all or substantially all of the assets of the Company and its subsidiaries pursuant to an Amended and Restated Guarantee and Collateral Agreement executed contemporaneously with the Amended Credit Agreement (the "Guarantee and Collateral Agreement").

The foregoing description of each of the Amended Credit Agreement and the Guarantee and Collateral Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Amended Credit Agreement, a copy of which is included as Exhibit 10.1, and the Guarantee and Collateral Agreement, a copy of which is included as Exhibit 10.2, each of which is incorporated herein by reference.

Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information contained in and incorporated into Item 1.01 above is hereby incorporated in this Item 2.03 by reference.




Item 9.01. Financial Statements and Exhibits.
Exhibit Number                                   Description
                       Senior Secured Credit Facilities Amended and Restated Credit
                     Agreement, among Alkami Technology, Inc., as the Borrower, the
                     Several Lenders from time to time party thereto and Silicon Valley
                     Bank, as Administrative Agent, Issuing Lender and Swingline Lender,
  10.1*              dated as of April 29, 2022.
                       Amended and Restated     Guarantee and Collateral Agreement,
                     among Alkami Technology, Inc. as the Borrower, the other Grantors
                     referred to therein, and Silicon Valley Bank, as Administrative
  10.2*              Agent, dated as of     April 29,     2022  .
                     Cover Page Interactive Data File (formatted as Inline XBRL and
104                  contained in Exhibit 101)

* Certain schedules and exhibits have been omitted pursuant to Item 601(a)(5) of Regulation S-K. The Company will furnish supplementally copies of omitted schedules and exhibits to the Securities and Exchange Commission or its staff upon its request.

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