{"schema_version":"secwatch.filing_event.v1","accession":"0000807863-24-000017","form_type":"8-K","ticker":"MITK","cik":"0000807863","company_name":"MITEK SYSTEMS INC","filed_at":"2024-02-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.971415+00:00","generated_at":"2026-06-06T02:52:25.482562+00:00","sec_items":["1.01","2.03","8.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Mitek secures $35M revolver; Nasdaq issues additional delisting notice for late 10-Q filing","bullets":["Received additional Nasdaq Staff Determination for failure to file Dec 31, 2023 10-Q; hearing set for March 19, 2024 with stay in place.","Entered $35M revolving credit facility with Silicon Valley Bank; Bank may increase by $15M at its discretion.","Credit facility expires in 3 years or 90 days after maturity of 2026 Convertible Notes if outstanding.","Company remains delinquent on FY 2023 10-K (Sep 30, 2023); intends to file both forms promptly.","Borrowings bear interest at term SOFR plus margin or WSJ prime plus margin, adjusted by leverage ratio."],"urls":{"canonical":"https://secwatch.observer/filing/0000807863-24-000017","json":"https://secwatch.observer/filing/0000807863-24-000017.json","markdown":"https://secwatch.observer/filing/0000807863-24-000017.md","text":"https://secwatch.observer/filing/0000807863-24-000017.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/807863/000080786324000017/0000807863-24-000017-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/807863/000080786324000017/mitk-20240213.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T02:52:25.482562+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"738d62deb6a7bf895a1b528b1aecbc793a3694ae","claim":"MITEK SYSTEMS INC incurred revolving credit of $35,000,000 with Silicon Valley Bank, a division of First-Citizens Bank & Trust Company at variable rate equal to (a) term SOFR plus a specified margin or (b) WSJ prime pl maturing three year anniversary of the Closing Date.","evidence_excerpt":"defined herein shall have the meanings ascribed to them in the Credit Agreement. The Credit Agreement provides for a revolving line of credit whereby Borrower may borrow up to $35,000,000 (the “Revolving Line”) with an additional $15,000,000 to be advanced under the Revolving Line at the sole discretion of the Bank. The Revolving Line is secured on a first priority","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/807863/000080786324000017/0000807863-24-000017-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$35,000,000"},{"label":"Counterparty","value":"Silicon Valley Bank, a division of First-Citizens Bank & Trust Company"},{"label":"Rate","value":"variable rate equal to (a) term SOFR plus a specified margin or (b) WSJ prime pl"},{"label":"Maturity","value":"three year anniversary of the Closing Date"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"1bbc0a9182111a0a7f99874f6b02fa68c898e9c7","claim":"MITEK SYSTEMS INC entered into Loan and Security Agreement with Silicon Valley Bank, a division of First-Citizens Bank & Trust Company valued at $35,000,000 (effective 2024-02-13).","evidence_excerpt":"On February 13, 2024 (the “Closing Date”), Mitek Systems, Inc. (the “Company”), A2iA Corp., and ID R&D, Inc. (jointly and severally, individually and collectively, “Borrower”) entered into a Loan and Security Agreement (the “Credit Agreement”) with Silicon Valley Bank, a division of First-Citizens Bank & Trust Company (the “Bank”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/807863/000080786324000017/0000807863-24-000017-index.htm","confidence":0.98,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Silicon Valley Bank, a division of First-Citizens Bank & Trust Company"},{"label":"Value","value":"$35,000,000"},{"label":"Effective","value":"2024-02-13"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}