{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-26-003124","form_type":"8-K","ticker":"MITK","cik":"0000807863","company_name":"MITEK SYSTEMS INC","filed_at":"2026-01-22T23:59:59+00:00","discovered_at":"2026-05-14T18:02:37.739082+00:00","generated_at":"2026-05-16T09:10:24.902871+00:00","sec_items":["2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Mitek borrows $50M under term loan facility to fund convertible note maturity","bullets":["Borrowed $50M on Jan 21, 2026 under delayed draw term loan from Silicon Valley Bank.","Proceeds to provide liquidity ahead of 0.750% Convertible Senior Notes due Feb 1, 2026.","Loan bears variable rate: term SOFR or WSJ prime plus margin, adjusted by net leverage.","Loan is under existing Credit Agreement dated Feb 2024, as amended May 2025."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-26-003124","json":"https://secwatch.observer/filing/0001628280-26-003124.json","markdown":"https://secwatch.observer/filing/0001628280-26-003124.md","text":"https://secwatch.observer/filing/0001628280-26-003124.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/807863/000162828026003124/0001628280-26-003124-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/807863/000162828026003124/mitk-20260122.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T09:10:24.902871+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":"cd10e721c71550407b705bf8c8fc9077121dd4c9","claim":"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.","evidence_excerpt":"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”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/807863/000162828026003124/0001628280-26-003124-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$50,000,000"},{"label":"Counterparty","value":"Silicon Valley Bank, a division of First-Citizens Bank & Trust Company"},{"label":"Rate","value":"term SOFR plus a specified margin or WSJ prime plus a specified margin"},{"label":"Event","value":"incurrence"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}