Company: DGLY
Filing Date: 2025-02-11
Form Type: S-1/A
Source: 0001493152-25-005949
Chunk: 134

Company: DIGITAL ALLY, INC.
Filing Date: 2025-02-11
Form: S-1/A
Chunk 134
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 pro forma as adjusted net tangible book value as of September 30, 2024 would have been approximately $(8,943,211) or approximately $(0.1000) per share. This represents an immediate increase in net tangible book value of approximately $1.3304 per share to our existing stockholders and an immediate dilution of approximately $0.2880 per share to purchasers of our securities in this offering, as illustrated by the following table:

| Assumed public offering price per Unit                                                            
 Pro forma net tangible book value (deficit) per share, as of                                      
 September 30, 2024, before giving effect to this offering                                         |     |   |  0.1880 
 (1.4304 | ) |
|:--------------------------------------------------------------------------------------------------|:----|:--|--------:|:--|
| Increase in pro forma net tangible book value (deficit) per share attributable                    
 to new investors in this offering                                                                 |     | $ |  1.3304 |   |
| Pro forma as adjusted net tangible book value (deficit) per share, after this offering            |     | $ | (0.1000 | ) |
| Dilution to pro forma as adjusted net tangible book value per share to investors in this offering |     | $ | (0.2880 | ) |

The information above assumes that the underwriter
does not exercise its over-allotment option. If the underwriter exercises its over-allotment option solely for common stock
in full, the pro forma as adjusted net tangible book value (deficit) for the offering will increase to $(0.0810) per share, representing
an immediate increase to existing shareholders of $1.349 per share and an immediate dilution of $0.2690 per share to new
investors.

To the extent that our outstanding warrants are exercised, you could experience further dilution. To the extent that we raise additional capital through the sale of additional equity, the issuance of any of our shares of common stock could result in further dilution to our stockholders.

| 83 |

<div align='center'>EXECUTIVE COMPENSATION</div>

The following table presents information concerning the total compensation of the Company’s Chief Executive Officer, Chief Financial Officer and Chief Operating Officer (“COO”) (collectively, the “Named Executive Officers”) for services rendered to the Company in all capacities for the years ended December 31, 2024 and 2023:

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