Company: DGLY
Filing Date: 2025-11-07
Form Type: 8-K
Source: 0001493152-25-021289
Chunk: 0

Company: DIGITAL ALLY, INC.
Filing Date: 2025-11-07
Form: 8-K
Item: Item 1.01
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Item
1.01 Entry into a Material Definitive Agreement

On
November 7, 2025 (the “ Effective Date”), Digital Ally, Inc. (the “ Company”), entered into the First Amendment
to Common Stock Purchase Agreement (the “ Amendment”), dated as of September 15, 2025 (the “ Purchase Agreement”),
with a certain investor (the “ Investor”), pursuant to which the Company shall cause the Commitment Fee (as defined in the
Purchase Agreement) to be paid to the Investor on the date of the Amendment, which will be paid (i) in shares of Common Stock equal to
19.99% of the shares of Common Stock outstanding on the date of execution of the Purchase Agreement, with the value per share to be based
on the 5-day VWAP ending on the tenth (10th) Trading Day following the later of (1) the date of stockholder approval or (2) the date
the Resale Registration Statement (as defined in the Purchase Agreement) is declared effective, provided however, the valuation will
be capped at the full commitment fee, and subject to the Beneficial Ownership Limitation (as defined in the Purchase Agreement), and
(ii) the balance, in cash using the 30% of the proceeds from any subsequent financings, including the Purchase Agreement.

The
foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the full text
of the Amendment, the form of which is filed as Exhibits 10.1, to this Current Report on Form 8-K and is incorporated herein by reference.

Item
9.01 Financial Statements and Exhibits.