Company: DGLY
Filing Date: 2025-02-06
Form Type: S-1/A
Source: 0001493152-25-005144
Chunk: 298

Company: DIGITAL ALLY, INC.
Filing Date: 2025-02-06
Form: S-1/A
Chunk 298
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 Company and investors, including, the issuance of 20% or more of our outstanding shares of common stock, par value $0.001 per share                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
 (the “Common Stock”) upon (i) exercise of Series A Common Stock Purchase Warrant; and (ii) exercise of Series B Common                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
 Stock Purchase Warrant, each dated June 25, 2024; and                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 4. | To approve a proposal to authorize the board of directors of the Company, in its sole and absolute discretion, and without further action of the stockholders, to file an amendment to our articles of incorporation, to effect a reverse stock split of our issued and outstanding Common Stock at a ratio to be determined by the Board, ranging from one-for-five (1:5) to one-for-twenty (1:20), with such reverse stock split to be effected at such time and date, if at all, as determined by the Board in its sole discretion, but no later than December 16, 2025, when the authority granted in this proposal to implement the reverse stock split would terminate. 
 All of the                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
 above matters were approved by the stockholders at the Annual Meeting on December 17, 2024. As a result, the Notice of                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
 Failure to Satisfy a Continued Listing Rule described in NOTE 9. COMMITMENTS AND CONTINGENCIES has been cured with the                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
 election of four members to serve on our Board of Directors at the Annual Meeting on December 17, 2024.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |

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| F-85 |

<div align='center'>79,787,234Units, with each Unit consisting of:

One Share of Common Stock

One Series A Warrant to Purchase One Share of Common Stock

One Series B Warrant to Purchase One Share of Common Stock

79,787,234Pre-Funded Units, with each Pre-Funded Unit consisting of:

One Pre-Funded Warrant to Purchase One Share of Common Stock

One Series A Warrant to Purchase One Share of Common Stock

One Series B Warrant to Purchase One Share of Common Stock

79,787,234Shares of Common Stock Underlying the Pre-Funded Warrants

79,787,234Shares of Common Stock Underlying the Series A Warrants

79,787,234Shares of Common Stock Underlying the Series B W