Mitek Systems granted request for continued listing by Nasdaq pending compliance

Mitek Systems received a decision from the Nasdaq Hearings Panel granting the company’s request for continued listing on the Nasdaq Capital Market, subject to the company demonstrating compliance with the Nasdaq Listing Rule which requires listed companies to timely file all required periodic financial reports with the SEC on or before October 13, and certain other conditions. The company did not timely file the Quarterly Report on Form 10-Q for the quarter ended June 30. The company attended an August 10 hearing before the Panel and requested the continued listing of its securities on the Nasdaq Capital Market pending its return to compliance. The company has already filed the Form 10-K and intends to file the Q1 Form 10-Q, Q2 Form 10-Q, and Q3 Form 10-Q as promptly as possible in order to regain compliance with the Listing Rule.