Key Developments: Mitek Systems Inc (MITK.OQ)

MITK.OQ on NASDAQ Stock Exchange Capital Market

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Latest Key Developments (Source: Significant Developments)

Mitek Systems Inc and Ensenta Broaden partnership to new mobile imaging solutions
Wednesday, 26 Mar 2014 07:00am EDT 

Mitek Systems Inc and Ensenta:Agreement to broaden their partnership to include new mobile imaging solutions.Ensenta will sell and integrate Mobile Photo Account Opening and Funding, Mobile Photo Bill Pay and Mobile Photo Balance Transfer solutions.Agreement includes Mitek MiSnap SDK.  Full Article

Mitek Systems Inc Announces Full Exercise of Overallotment Option by Underwriters
Wednesday, 3 Jul 2013 02:20pm EDT 

Mitek Systems Inc announced that the underwriter of its previously announced public offering of common stock has exercised in full its overallotment option to purchase an additional 428,571 shares of common stock at the public offering price of $5.25 per share. The closing of the overallotment option exercise occurred July 3, 2013, and resulted in gross proceeds to Mitek of approximately $2,250,000, before deducting underwriting discounts and other estimated offering expenses. Exercise of the overallotment option increases the gross proceeds to Mitek from approximately $15,000,000 to approximately $17,250,000, before deducting underwriting discounts and other estimated offering expenses. Mitek expects to use the net proceeds from the offering for general corporate purposes, including working capital requirements. In connection with the offering, William Blair & Company, L.L.C. served as the sole underwriter.  Full Article

Mitek Systems Inc Announces Pricing of Common Stock Offering
Tuesday, 25 Jun 2013 09:03am EDT 

Mitek Systems Inc announced the pricing of an underwritten public offering of 2,857,142 shares of its common stock at a purchase price of $5.25 per share. The gross proceeds to Mitek from this offering are expected to be approximately $15,000,000, before deducting underwriting discounts and other estimated offering expenses. Mitek has granted the underwriters a 30-day option to purchase up to an aggregate of 428,571 additional shares of common stock to cover overallotments, if any. All of the shares in the offering are to be sold by Mitek. The offering is expected to close on or about June 28, 2013, subject to customary closing conditions. Mitek expects to use the net proceeds from the offering for general corporate purposes, including working capital requirements. In connection with the offering, William Blair & Company, L.L.C. is acting as the sole underwriter.  Full Article

Mitek Systems Inc Announces Proposed Public Offering Of Common Stock
Monday, 24 Jun 2013 04:04pm EDT 

Mitek Systems Inc announced that it intends to offer and sell, subject to market and other conditions, shares of its common stock in an underwritten public offering pursuant to an effective shelf registration statement. All of the shares in the proposed offering are to be sold by Mitek. Mitek expects to grant the underwriter a 30-day option to purchase up to an additional 15% of the shares of common stock offered in the public offering solely to cover overallotments, if any. In connection with the proposed offering, William Blair & Company, L.L.C. is acting as the sole underwriter.  Full Article

Mitek Systems Inc Announces Grant Of New Patent By U.S. Patent And Trademark Office
Monday, 7 Jan 2013 07:00am EST 

Mitek Systems Inc announced that it has been issued U.S. Patent No. 8,326,015, Methods for Mobile Image Capture and Processing of Documents, by the U.S. Patent and Trademark Office. With the addition of the 015 patent, Mitek has 13 U.S. and international patents issued and 14 patent applications pending in the U.S. and Canada.  Full Article

Top Image Systems Ltd To Defend Patent Infringement Suit Against Mitek Systems, Inc.
Friday, 28 Sep 2012 07:09am EDT 

Top Image Systems Ltd announced that it intends to vigorously defend itself against the patent infringement suit recently filed by Mitek Systems, Inc. in the U.S. District Court for the District of Delaware. The complaint alleges infringement of U.S. Patent Nos. 7,778,457; 7,949,176; 7,953,268; 7,978,900; and 8,000,514. Top Image Systems considers the lawsuit to be wholly without merit.  Full Article

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