Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
MITEK SYSTEMS INC incurred term loan of $50,000,000 with Silicon Valley Bank, a division of First-Citizens Bank & Trust Company at term SOFR plus a specified margin or WSJ prime plus a specified margin.
- Instrument
- term loan
- Principal
- $50,000,000
- Counterparty
- Silicon Valley Bank, a division of First-Citizens Bank & Trust Company
- Rate
- term SOFR plus a specified margin or WSJ prime plus a specified margin
- Event
- incurrence
Exact text from the filing
On January 21, 2026, Mitek Systems, Inc. (the “Company”) borrowed $50,000,000 under its delayed draw term loan facility established under that certain Loan and Security Agreement, dated February 13, 2024, by and among the Company, A2iA Corp., ID R&D, Inc. and Silicon Valley Bank, a division of First-Citizens Bank & Trust Company, as amended by that certain First Amendment to Loan and Security Agreement, dated May 7, 2025 (collectively, the “Credit Agreement”).
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