Company: DGLY
Filing Date: 2025-03-04
Form Type: DEF 14A
Source: 0001493152-25-008945
Chunk: 8

Company: DIGITAL ALLY, INC.
Filing Date: 2025-03-04
Form: DEF 14A
Chunk 8
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 Common Stock underlying the Warrants and certain provisions of the Warrants, issued in connection with an offering and sale of securities of the Company that was consummated on February 14, 2025.”

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The following proposals are “routine” and thus a broker discretionary vote is allowed:

Proposal No. 2, “To approve a proposal to authorize the Board, in its sole and absolute discretion, and without further action of the stockholders, to file an amendment to our Articles of Incorporation, to effect a reverse stock split of our issued and outstanding Common Stock at a ratio to be determined by the Board, ranging from one-for-five (1:5) to one-for-one hundred (1:100), with such reverse stock split to be effected at such time and date, if at all, as determined by the Board in its sole discretion, but no later than April 1, 2026, when the authority granted in this proposal to implement the reverse stock split would terminate;” and

Proposal No. 4, “To approve one or more adjournments of the Special Meeting, if necessary or appropriate, to solicit additional proxies in favor of the Authorized Share Increase Proposal, the Reverse Stock Split Proposal or the Issuance Proposal if there are not sufficient votes at the Special Meeting to approve and adopt the Authorized Share Increase Proposal, the Reverse Stock Split Proposal or the Issuance Proposal.”

How Many Votes are Needed for Each Proposal to Pass and is Broker Discretionary Voting Allowed?

For matters at the Special Meeting, if a quorum is present, the following votes will be required for the Proposal to pass:

|    | Proposal                               |     | Vote                                                                                                                                          
 Required                                                                                                                                      |     | Broker        
 Discretionary 
 Vote          
 Allowed       |
| 1. | Approve                                
 the Authorized Share Increase Proposal |     | The                                                                                                                                           
 affirmative vote of the holders of a majority of the voting power of the shares of Common Stock issued and outstanding as of the Record Date. |     | No            |
| 2. | Approve the Reverse Stock Split        
 Proposal                               |     | The affirmative vote of the holders                                                                                                           
 of a majority of the shares of Common Stock then represented at the meeting and entitled to vote.                                             |     | Yes           |
| 3. | Approve                                
 the Issuance Proposal                  |     | The                                                                                                                                           
 affirmative vote of the holders of a majority of the votes cast.                                                                              |     | No            |
| 4. | Appro