Company: DGLY
Filing Date: 2025-05-02
Form Type: 424B3
Source: 0001641172-25-008437
Chunk: 3

Company: DIGITAL ALLY, INC.
Filing Date: 2025-05-02
Form: 424B3
Chunk 3
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er ☐         |
| Non-accelerated filer ☒   |     | Smaller reporting company ☒ |
|                           |     | Emerging growth company ☐   |

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report. ☐

If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements. ☐

Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to § 240.10D-1(b). ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes ☐ No ☒

As of June 30, 2024, the aggregate market value of the voting and non-voting stock held by non-affiliates of the registrant’s most recently completed second fiscal quarter, computed by reference to the closing price ($2.40) was: $7,709,155.

The number of shares
of the registrant’s common stock issued and outstanding as of May 2, 2025, was 115,601,371 shares.

Documents Incorporated by Reference: None.

<div align='center'>FORM 10-K

DIGITAL ALLY, INC.

DECEMBER 31, 2024

Table of Contents</div>

|            |                                                                                                              |     | Page |
| PART I     |                                                                                                              |     |      |
| Item 1.    | Business                                                                                                     |     |    2 |
| Item 1A.   | Risk Factors                                                                                                 |     |   12 |
| Item 1B.   | Unresolved Staff Comments                                                                                    |     |   12 |
| Item