Fintech Firms Alkami and First Brands Weigh Restructuring Amid Financial Pressure
Fintech companies Alkami Technology and First Brands are grappling with financial challenges and exploring potential restructuring options, including the possibility of sales. Some creditors of First Brands, which is currently in bankruptcy proceedings, have grown wary of the firm and have sought more information about its assets. A sale could bring much-needed capital to the company and help it address the concerns of its activist investor. These deals could have far-reaching implications for the companies' employees, customers and investors.