Company: DGLY
Filing Date: 2025-02-14
Form Type: 424B4
Source: 0001493152-25-006704
Chunk: 3

Company: DIGITAL ALLY, INC.
Filing Date: 2025-02-14
Form: 424B4
Chunk 3
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 Warrants, as the case may be, can only be purchased together in this offering but will be issued separately and will be immediately separable upon issuance. Pursuant to the registration statement related to this prospectus, we are also registering the shares of common stock issuable upon exercise of the Warrants and Pre-Funded Warrants included in the Units and Pre-Funded Units offered hereby.

Our common stock is listed on The Nasdaq Capital Market under the symbol “DGLY.” There is no established trading market for the Units, Pre-Funded Units, Warrants or Pre-Funded Warrants and we do not intend to list the Units, Pre-Funded Units, Warrants or Pre-Funded Warrants on any securities exchange or nationally recognized trading system.

We have engaged Aegis Capital Corp. (“Aegis” or the “underwriter”) to act as our exclusive underwriter on a firm commitment basis in connection with this offering. We have agreed to pay to the underwriter the underwriting fees as set forth in the table below. We will bear all costs associated with the offering. See “ Underwriting” on page 98 of this prospectus for more information regarding these arrangements.

We have granted the underwriter an option to purchase
additional shares of common stock and/or Warrants of (i) up to 15% of the number of shares of common stock sold in the offering, (ii)
up to 15% of the number of Series A Warrants sold in the offering and (iii) up to 15% of the number of Series B Warrants sold in the
offering. The underwriter may exercise this option in whole or in part at any time within forty-five calendar days after the date of
this prospectus. The underwriter may exercise the over-allotment option with respect to shares of common stock only, Warrants only, or
any combination thereof. The purchase price to be paid per additional share of common stock will be equal to the public offering price
of one Unit (less $0.00001 allocated to each Warrant), as applicable, less the underwriting discount, and the purchase price to be paid
per over-allotment Warrant will be $0.00001. We will be obligated, pursuant to the option, to sell these additional shares of common
stock, or Warrants to the underwriter to the extent the option is exercised. If any additional shares of common stock, or Warrants are
purchased, the underwriter will offer the additional