Company: DGLY
Filing Date: 2025-02-14
Form Type: 424B4
Source: 0001493152-25-006704
Chunk: 127

Company: DIGITAL ALLY, INC.
Filing Date: 2025-02-14
Form: 424B4
Chunk 127
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 or $(1.4304) per share of our common stock. Pro forma net tangible book value represents the amount of our total tangible assets less our total liabilities, after giving pro forma effect to (i) the issuance of senior secured promissory notes in aggregate principal amount of $3.6 million and 808,377 shares of our common stock issued as a part of the Private Placement, (ii) the use of $2,015,623 of the net proceeds of the Private Placement to pay in full all liabilities, obligations and indebtedness owed to Mosh Man, LLC and (iii) the issuance of an aggregate of 4,766,777 of our common stock upon the exercise of our Class B warrants, which were subject to reset provisions for total proceeds of $4,766.78.

After giving effect to (i) the sale of 7,850,000
Units at the public offering price of $0.15 per Unit and 92,150,000 Pre-Funded Units at the public offering price of $0.149
per Pre-Funded Unit (assuming no sale of any Pre-Funded Units, the Series A Warrants and Series B Warrants issued in connection with
this offering are exercisable because stockholder approval has been obtained and no exercise of the Warrants issued in connection with
this offering and assuming no exercise of the underwriter’s over-allotment option), after deducting the underwriting discounts
and commissions and estimated offering expenses payable by us and (ii) (1) the issuance of senior secured promissory notes in aggregate
principal amount of $3.6 million and 808,377 shares of our common stock issued as a part of the Private Placement, (2) the use of $2,015,623
of the net proceeds of the Private Placement to pay in full all liabilities, obligations and indebtedness owed to Mosh Man, LLC and (3)
the issuance of an aggregate of 4,766,777 of our common stock upon the exercise of our Class B warrants, which were subject to reset
provisions for total proceeds of $4,766.78, our pro forma as adjusted net tangible book value as of September 30, 2024 would have been
approximately $(9,082,382) or approximately $(0.5205) per share. This represents an immediate increase in net tangible
book value of approximately $0.9099 per share to our existing stockholders and an immediate dilution of approximately $