SAN DIEGO, July 3, 2013 (GLOBE NEWSWIRE) -- Mitek Systems, Inc. (Nasdaq:MITK) ( www.miteksystems.com) today announced that the underwriter of its previously announced public offering of common stock has exercised in full its overallotment option to purchase an additional 428,571 shares of common stock at the public offering price of $5.25 per share. The closing of the overallotment option exercise occurred today, July 3, 2013, and resulted in gross proceeds to Mitek of approximately $2,250,000, before deducting underwriting discounts and other estimated offering expenses. Exercise of the overallotment option increases the gross proceeds to Mitek from approximately $15,000,000 to approximately $17,250,000, before deducting underwriting discounts and other estimated offering expenses.
Mitek Announces Full Exercise Of Overallotment Option By Underwriters
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