Company: DGLY
Filing Date: 2025-08-18
Form Type: 10-Q
Source: 0001641172-25-024667
Chunk: 251

Company: DIGITAL ALLY, INC.
Filing Date: 2025-08-18
Form: 10-Q
Item: Part I, Item 2
Chunk 251
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 ability to integrate and realize the anticipated benefits from acquisitions; (27) our
ability to maintain the listing of our Common Stock on the Nasdaq Capital Market.

42

Current Trends and Recent Developments for
the Company

Reverse Stock Split

On May 6, 2025, the Company,
acting pursuant to authority received at an annual meeting of its stockholders on December 17, 2024, 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”), which effected a one-for-twenty reverse stock 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 as of 5:30 p.m. Eastern Time on May 6, 2025. As a result of the Reverse
Stock Split, every twenty (20) shares of Common Stock were exchanged for one (1) share of Common Stock. The Common Stock began trading
on the Nasdaq Capital Market on a split-adjusted basis at the start of trading on May 7, 2025. The Reverse Stock Split did not affect
the total number of shares of capital stock, including the Common Stock, that the Company is authorized to issue, which remain as set
forth pursuant to the Articles of Incorporation. No fractional shares of Common Stock were issued in connection with the Reverse Stock
Split. Stockholders who otherwise were entitled to receive fractional shares of Common Stock were automatically entitled to receive an
additional fraction of a share of Common Stock to round up to the next whole share, at a participant level. The Reverse Stock Split also
had a proportionate effect on all other options and warrants of the Company outstanding as of the effective date of the Reverse Stock
Split.

On May 22, 2025, 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 “May 22, 2025 Charter Amendment”) to its articles of incorporation, as
amended, to effect a one (1)-for-one hundred (100) share reverse split (the “May 22, 2025 Reverse Stock Split”) of all of
the Company’s