Company: DGLY
Filing Date: 2025-09-17
Form Type: 8-K
Source: 0001493152-25-013877
Chunk: 2

Company: DIGITAL ALLY, INC.
Filing Date: 2025-09-17
Form: 8-K
Item: Item 1.01
Chunk 2
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10.1, 10.2, 10.3, 10.4, 10.5, 10.6, and 10.7, respectively, and incorporated herein by reference.

Committed
Equity Financing

On
September 15, 2025 (the “ Closing Date”), the Company entered into a Common Stock Purchase Agreement (the “ ELOC Purchase
Agreement”), with an certain investor (the “ ELOC Investor”), providing for a committed equity financing facility, pursuant
to which, upon the terms and subject to the satisfaction of the conditions contained in the ELOC Purchase Agreement, the ELOC Investor
has committed to purchase, at the Company’s direction in its sole discretion, up to an aggregate of $25,000,000 (the “ Total
Commitment”) of the shares of the Company’s Common Stock, subject
to certain limitations set forth in the ELOC Purchase Agreement, from time to time during the term of the ELOC Purchase Agreement (the
“ Purchase Shares”). Concurrently with the execution of the ELOC Purchase Agreement, the Company and the ELOC Investor also
entered into a Registration Rights Agreement, dated as of September 15, 2025 (the “ ELOC Registration Rights Agreement”),
pursuant to which the Company agreed to file with the SEC one or more registration
statements, to register under the Securities Act, the offer and resale by the
ELOC Investor of all of the Purchase Shares that may be issued and sold by the Company to the ELOC Investor from time to time under the
ELOC Purchase Agreement.

   3  

Sales
of Purchase Shares by the Company to the ELOC Investor under the ELOC Purchase Agreement, if any, may occur, from time to time at the
Company’s sole discretion, over a period commencing upon the initial satisfaction of all conditions to the ELOC Investor’s
purchase obligations set forth in the ELOC Purchase Agreement (the “ Commencement,” and the date on which the Commencement
occurs, the “ Commencement Date”), including that the initial Registration Statement the Company is required to file with
the SEC pursuant to the Registration Rights Agreement is declared effective by the SEC, and ending on the first day of the month next
following the 36-month anniversary of the Closing Date, unless the ELOC Purchase Agreement is terminated earlier under its terms.

From
and after the Commencement Date, the Company will have the right, but not the obligation, from