Jana Partners pressed Alkami for months to pursue a sale, but the board said continuing as an independent company maximizes shareholder value. The decision sent ALKT to multi-year lows around $13.76, the lowest since May 2023. Jana’s stake is about $93.3 million, down roughly $29 million from Q2 valuations.
Alkami Technology has formally started a sale process after drawing interest from potential buyers, driven by pressure from activist investor Jana Partners. The move signals that Alkami's strategic options are being actively evaluated and could unlock stock value if a premium bid emerges. The outcome remains uncertain until bids materialize and due diligence progresses.