Mitek Announces Receipt of Notice from Nasdaq
12 Maio 2023 - 5:47PM
Business Wire
Mitek Systems, Inc. (NASDAQ: MITK, www.miteksystems.com, “Mitek”
or the “Company”), a global leader in digital identity and digital
fraud prevention, today reported that it received a notice (the
“Notice") on May 12, 2023 from the Listing Qualifications
Department of The Nasdaq Stock Market LLC (“Nasdaq”) advising the
Company that it was not in compliance with Nasdaq’s continued
listing requirements under Nasdaq Listing Rule 5250(c)(1) (the
“Rule”) as a result of its failure to file its Quarterly Report on
Form 10-Q for the quarter ended March 31, 2023 (the “Q2 Form 10-Q”)
in a timely manner and because the Company remains delinquent in
filing its Form 10-K for the year ended September 30, 2022 (the
“Form 10-K”) and its Form 10-Q for the quarter ended December 31,
2022 (the "Q1 Form 10-Q").
In connection with its delinquent Form 10-K, on February 9,
2023, the Company submitted its plan to regain compliance with the
Rule and in connection with its delinquent Q1 Form 10-Q, on March
1, 2023, submitted its updated plan to regain compliance with the
Rule (as updated, the “Plan”). On March 15, 2023, the Company
received an exception from Nasdaq to allow the Company until June
12, 2023 (the “Compliance Deadline”), or 180 days from the initial
due date of the Form 10-K, to regain compliance by filing the Form
10-K and Q1 Form 10-Q. The Company is in the process of updating
the Plan to include its plan to regain compliance with respect to
the Q2 Form 10-Q on or before the Compliance Deadline. The Notice
indicated that any staff exception to allow the Company to regain
compliance, if granted, will be limited to the Compliance
Deadline.
In response to the Notice, the Company intends to file the Form
10-K, Q1 Form 10-Q and Q2 Form 10-Q as promptly as possible in
order to regain compliance with the Rule.
About Mitek Systems, Inc.
Mitek (NASDAQ: MITK) is a global leader in digital identity and
digital fraud prevention, with technology to bridge the physical
and digital worlds. Mitek’s advanced identity verification
technologies and global platform make digital access faster and
more secure than ever, providing companies new levels of control,
deployment ease and operation, while protecting the entire customer
journey. More than 7,500 organizations use Mitek to enable trust
and convenience for mobile check deposit, new account opening and
more. Learn more at www.miteksystems.com.
Follow Mitek on LinkedIn, Twitter and YouTube, and read Mitek’s
latest blog posts here.
Notice Regarding Forward-Looking Statements
Statements contained in this news release relating to the
Company or its management’s intentions, hopes, beliefs,
expectations or predictions of the future, including, but not
limited to, statements relating to the filing of the Form 10-K, Q1
Form 10-Q, and Q2 Form 10-Q and its ability to regain compliance
with the Nasdaq continued listing standards constitute forward
looking statements. Such forward-looking statements are subject to
a number of risks and uncertainties, including, but not limited to,
risks related to the Company’s ability to file the Form 10-K, Q1
Form 10-Q and Q2 Form 10-Q and the Company’s ability to regain
compliance with the Nasdaq continued listing standards.
Additional risks and uncertainties faced by the Company are
contained from time to time in the Company’s filings with the U.S.
Securities and Exchange Commission (SEC), including, but not
limited to, the Company’s Annual Report on Form 10-K for the fiscal
year ended September 30, 2021, as filed with the SEC on December
13, 2021 and its quarterly reports on Form 10-Q and current reports
on Form 8-K, which you may obtain for free on the SEC’s website at
www.sec.gov. Collectively, these risks and uncertainties could
cause the Company’s actual results to differ materially from those
projected in its forward-looking statements and you are cautioned
not to place undue reliance on these forward-looking statements,
which speak only as of the date hereof. The Company disclaims any
intention or obligation to update, amend or clarify these
forward-looking statements, whether as a result of new information,
future events or otherwise, except as may be required under
applicable securities laws.
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version on businesswire.com: https://www.businesswire.com/news/home/20230512005418/en/
Investor Contact: Todd Kehrli or Jim Byers MKR Investor
Relations, Inc. mitk@mkr-group.com
Mitek Systems (NASDAQ:MITK)
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