Mitek Announces that the Nasdaq Hearings Panel has Granted its Request for Continued Listing Pending its Return to Compliance with the Nasdaq Filing Requirement
18 Agosto 2023 - 7:30AM
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 on August 16, 2023, the
Company received a decision from the Nasdaq Hearings Panel (the
“Panel”) granting the Company’s request for continued listing on
the Nasdaq Capital Market, subject to the Company demonstrating
compliance with the Nasdaq Listing Rule 5250(c)(1) (the “Listing
Rule”) on or before October 13, 2023, and certain other
conditions.
As previously disclosed, the Company received a delisting
determination (the “Notice”) from the Listing Qualifications
Department (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”)
notifying the Company that the Staff initiated a process to delist
the Company’s securities from Nasdaq as a result of the Company not
being in compliance with the Listing Rule, which requires listed
companies to timely file all required periodic financial reports
with the Securities and Exchange Commission (the “SEC”). At the
time, the Company had not filed its Form 10-K for the fiscal year
ended September 30, 2022 (the “Form 10-K”), the Quarterly Report on
Form 10-Q for the quarter ended December 31, 2022 (the “Q1 Form
10-Q”) and the Quarterly Report on Form 10-Q for the quarter ended
March 31, 2023 (the “Q2 Form 10-Q”). The Company subsequently did
not timely file the Quarterly Report on Form 10-Q for the quarter
ended June 30, 2023 (the “Q3 Form 10-Q”).
The Company had previously received an exception from the Nasdaq
Staff to allow the Company until June 12, 2023 (the “Compliance
Deadline”) to regain compliance with the Listing Rule (which
represented the maximum extension period the Staff was permitted to
grant under the Nasdaq Listing Rules). As the Company did not meet
the terms of the exception by the Compliance Deadline, the Company
received the Notice and requested a hearing before a Nasdaq
Hearings Panel.
As previously disclosed, the Company attended an August 10, 2023
hearing before the Panel and requested the continued listing of its
securities on the Nasdaq Capital Market pending its return to
compliance.
The Company has already filed the Form 10-K and intends to file
the Q1 Form 10-Q, Q2 Form 10-Q, and Q3 Form 10-Q as promptly as
possible in order to regain compliance with the Listing 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 7,800 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 herein 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 Q1 Form 10-Q, Q2 Form 10-Q
and Q3 Form 10-Q and the Company’s 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 Q1 Form 10-Q, Q2
Form 10-Q, and Q3 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 SEC,
including, but not limited to, the Company’s Annual Report on Form
10-K for the fiscal year ended September 30, 2022, as filed with
the SEC on July 31, 2023 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230818468434/en/
Investor Contact: Todd Kehrli or Jim Byers MKR Investor
Relations, Inc. mitk@mkr-group.com
Mitek Systems (NASDAQ:MITK)
Gráfico Histórico do Ativo
De Abr 2024 até Mai 2024
Mitek Systems (NASDAQ:MITK)
Gráfico Histórico do Ativo
De Mai 2023 até Mai 2024