Investment Business Weekly
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Computer Peripherals Companies
Mitek Systems Raises $15 Million In Private Placement
May 29th, 2011
Mitek Systems, Inc. (OTC: MITK; www.miteksystems.com), the leader in mobile-imaging applications using smartphone cameras for check deposits, bill payments and ACH enrollments, announced that it has closed a private placement of an aggregate of 2,857,143 shares of common stock at $5.25 per share to accredited investors yielding gross proceeds of $15,000,000. The private placement was led by select institutional investors, including Weintraub Capital Management and Philadelphia Financial. "We are very pleased to have completed this private placement and to have added high-quality new investors to our company," said President and CEO James B. DeBello. "This...
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Source: Investment Business Weekly (2011-05-29)
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