Company: DGLY
Filing Date: 2025-01-03
Form Type: 8-K
Source: 0001493152-25-000238
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Company: DIGITAL ALLY, INC.
Filing Date: 2025-01-03
Form: 8-K
Item: Item 3.01
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 and intends to timely submit a plan to Nasdaq to regain compliance
with the Stockholders’ Equity Requirement. There can be no assurance that the Company’s plan will be accepted or that if
it is, that the Company will be able to regain compliance with the Stockholders’ Equity Requirement.

If
the Company does not regain compliance within the allotted compliance period(s), including any extensions that may be granted by Nasdaq,
Nasdaq will provide notice that the common stock will be subject to delisting from the Nasdaq Capital Market. At that time, the Company
may appeal any such delisting determination to a Nasdaq hearings panel.

These
notices have no immediate effect on the listing or trading of the Company’s common stock on The Nasdaq Capital Market, which will
continue to trade under the symbol “ DGLY”.

Forward-Looking
Statements

This
Current Report on Form 8-K (this “ Form 8-K”) contains forward-looking statements. Such forward-looking statements include,
but are not limited to, statements that express the Company’s intentions, beliefs, expectations, strategies, predictions or any
other statements related to the Company’s future activities, or future events or conditions, including those related to future
compliance with the Stockholders’ Equity Requirement, which can be identified by terminology such as “may,” “will,”
“expects,” “anticipates,” “aims,” “potential,” “future,” “intends,”
“plans,” “believes,” “estimates,” “continue,” “likely to” and other similar
expressions intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words.
These statements are not historical facts and are based on current expectations, estimates and projections about the Company’s
business based, in part, on assumptions made by its management. These statements are not guarantees of future performance and involve
risks, uncertainties and assumptions that are difficult to predict, many of which are beyond the Company’s control, including risks
related to the Company’s ability to regain compliance with Nasdaq listing standards, the Company’s ability to obtain an additional
compliance period, if needed, the Company’s ability to take actions that may be required for its continued listing on Nasdaq, the
Company’s current liquidity position and the need to obtain additional financing to support ongoing operations, and other risks
that may be included in the periodic reports and other filings that the Company files from time to time with the SEC. Therefore, actual
outcomes and