Mitek Systems (MITK) Prices 2.86M Shares at $5.25
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Mitek Systems, Inc. (Nasdaq: MITK) announced the pricing of an underwritten public offering of 2,857,142 shares of its common stock at a purchase price of $5.25 per share. The gross proceeds to Mitek from this offering are expected to be approximately $15,000,000, before deducting underwriting discounts and other estimated offering expenses. Mitek has granted the underwriters a 30-day option to purchase up to an aggregate of 428,571 additional shares of common stock to cover overallotments, if any. All of the shares in the offering are to be sold by Mitek. The offering is expected to close on or about June 28, 2013, subject to customary closing conditions.
Mitek expects to use the net proceeds from the offering for general corporate purposes, including working capital requirements.
In connection with the offering, William Blair & Company, L.L.C. is acting as the sole underwriter.
Mitek expects to use the net proceeds from the offering for general corporate purposes, including working capital requirements.
In connection with the offering, William Blair & Company, L.L.C. is acting as the sole underwriter.
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