Mitek Systems discloses Nasdaq listing notice

Mitek Systems “reported that it received an additional Staff Determination from the Listing Qualifications Department of The Nasdaq Stock Market LLC notifying the Company that the Company is not in compliance with Nasdaq Listing Rule 5250(c), as a result of the Company’s failure to file its Quarterly Report on Form 10-Q for the quarter ended December 31, 2023 in a timely manner, which serves as an additional basis for delisting the Company’s securities from Nasdaq. The Company remains delinquent in filing its Form 10-K for the year ended September 30, 2023. The Rule requires listed companies to timely file all required periodic reports with the Securities and Exchange Commission. The Company previously reported in Forms 12b-25 filed with the SEC on December 15, 2023 and February 9, 2024, that the Company was unable to file the Form 10-K and Form 10-Q within the prescribed time period without unreasonable effort or expense. In response to the Staff Determination, the Company intends to file the Form 10-K and Form 10-Q as promptly as possible in order to regain compliance with the Rule.”