---
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"
generated_at: "2026-05-16T09:10:24.902871+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Mitek borrows $50M under term loan facility to fund convertible note maturity

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-003124
- JSON: https://secwatch.observer/filing/0001628280-26-003124.json
- Plain text: https://secwatch.observer/filing/0001628280-26-003124.txt

## Key facts
- Debt Financings
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/807863/000162828026003124/0001628280-26-003124-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.