Company: DGLY
Filing Date: 2025-05-02
Form Type: 424B3
Source: 0001641172-25-008437
Chunk: 162

Company: DIGITAL ALLY, INC.
Filing Date: 2025-05-02
Form: 424B3
Chunk 162
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 warrants aggregated $2,128,320 and $-0- as of December 31, 2024 and 2023, respectively and the weighted average remaining term was 52.3 and 51.2 months as of December 31, 2024 and 2023, respectively.

The following table summarizes the range of exercise prices and weighted average remaining contractual life for outstanding and exercisable warrants to purchase shares of common stock as of December 31, 2024:

<div align='center'>SCHEDULE OF RANGE OF EXERCISE PRICES AND WEIGHTED AVERAGE REMAINING CONTRACTUAL LIFE OF WARRANTS</div>

| Exercise 
 price    |       |     | Outstanding              
 and exercisable warrants 
 Number                   
 of                       
 warrants                 |            |     | Weighted         
 average          
 remaining        
 contractual life |
|:---------|------:|:----|:-------------------------|-----------:|:----|:-----------------|
| $        | 0.001 |     |                          |  3,793,777 |     | 4.5 years        |
| $        | 0.502 |     |                          |  5,976,095 |     | 4.5 years        |
| $        |  5.50 |     |                          |    375,000 |     | 3.3 years        |
| $        |  6.50 |     |                          |    375,000 |     | 3.3 years        |
| $        |  7.50 |     |                          |    375,000 |     | 3.3 years        |
|          |       |     |                          | 10,894,872 |     | 4.4 years        |

NOTE 18 - STOCKHOLDERS’ EQUITY

2023 Issuance of Restricted Common Stock

On January 10, 2023, the board of directors approved the grant of 22,500 shares of common stock to officers of the Company. Such shares will generally vest over a period of one to five years on their respective anniversary dates in January through January 2028, provided that each grantee remains an officer or employee on such dates. Additionally, the board of directors approved the grant of 12,500 restricted common shares to certain new employees of the Company. Such shares will generally vest over a period of one 1to two years on their respective anniversary dates in January through January 2025, provided