Company: DGLY
Filing Date: 2025-05-23
Form Type: 8-K
Source: 0001641172-25-012184
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Company: DIGITAL ALLY, INC.
Filing Date: 2025-05-23
Form: 8-K
Item: Item 5.03
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Item
5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.

On
May 22, 2025, Digital Ally, Inc. (the “ Company”), acting pursuant to authority received at a special meeting of its stockholders
on May 6, 2025, filed with the Secretary of State of the State of Nevada a certificate of amendment (the “ Charter Amendment”)
to its articles of incorporation, as amended (the “ Articles of Incorporation”), to effect a one (1)-for-one
hundred (100) share reverse split (the “ Reverse Stock Split”) of all of the Company’s outstanding shares of common
stock, par value $0.001 per share (the “ Common Stock”). Pursuant to the Charter Amendment, the Reverse Stock Split became
effective at 5:30 p. m. Eastern Time on May 22, 2025. As a result of the Reverse Stock Split, every one hundred (100) shares of
Common Stock were exchanged for one (1) share of Common Stock. The Common Stock will begin trading on a split-adjusted basis on
The Nasdaq Stock Market LLC (“ Nasdaq”) effective with the open of the market on Friday, May 23, 2025.

The
Reverse Stock Split did not change the total number of shares of capital stock, including the Common Stock, authorized for
issuance as set forth in the Articles of Incorporation. No fractional shares of Common Stock were issued in connection with
the Reverse Stock Split. Rather, stockholders who would have received a fractional share of Common Stock will receive
one whole share of Common Stock. The Reverse Stock Split also has a proportionate effect on all other options and warrants
of the Company outstanding as of the effective date of the Reverse Stock Split. The new, post-split CUSIP number for the Common
Stock is 25382T408.

The
Company’s transfer agent, Securities Transfer Corporation, is acting as exchange agent for the Reverse Stock Split and has provided
instructions to stockholders of record regarding the exchange of certificates for Common Stock.

The
summary of the Charter Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the
Charter Amendment, a copy of which is attached to this Current Report on Form 8-K as Exhibit 3.1.

Item
9.01 Financial Statements and Exhibits.