Mitek Says Nasdaq Hearings Panel Granted Request To Extend Automatic Stay Of Suspension, Pending Hearing Before The Panel Scheduled For March 19, 2024
Portfolio Pulse from Benzinga Newsdesk
Mitek Systems, Inc. has been granted an extension by the Nasdaq Hearings Panel to delay the suspension of its stock, pending a hearing set for March 19, 2024. The company is behind on its SEC filings, including the 10-Q report for the period ended December 31, 2023, which was due on February 9, 2024, and cannot be filed until the 10-K report is submitted.
January 17, 2024 | 10:51 pm
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Mitek Systems, Inc. has received an extension from the Nasdaq Hearings Panel to prevent its stock from being suspended, with a hearing scheduled for March 19, 2024. The company is delayed in filing its required SEC reports.
The extension granted by the Nasdaq Hearings Panel is a positive development for Mitek Systems, as it prevents immediate suspension of its stock. However, the ongoing delay in SEC filings is a concern that may affect investor confidence and could lead to volatility in the stock price. The score is neutral because while the extension is positive, the underlying issues with delayed filings remain unresolved.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100