Company: DGLY
Filing Date: 2025-01-16
Form Type: S-1/A
Source: 0001493152-25-002490
Chunk: 12

Company: DIGITAL ALLY, INC.
Filing Date: 2025-01-16
Form: S-1/A
Chunk 12
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 prices set forth therein. Upon a Bankruptcy Event of Default (as defined in the Notes), the Company shall immediately pay to the Selling Stockholders an amount in cash representing 100% of all outstanding principal, accrued and unpaid interest, if any, in addition to any and all other amounts due under the Notes, without the requirement for any notice or demand or other action by the Selling Stockholder or any other person.

If the Company engages in one or more subsequent financings while the Notes are outstanding, the Company will be required to use at least 100% of the gross proceeds of such financing to redeem all or any portion of the Notes outstanding. The Company may also prepay the Notes in whole or in part at any time or from time to time. The Notes also contain customary representations and warranties and covenants of each of the parties. Subject to certain exceptions, the Notes are secured by a first lien and continuing security interest in and to the Collateral (as defined in the Notes).

| 5 |

<div align='center'>ABOUT THIS OFFERING</div>

This prospectus relates to the offer and resale by the Selling Stockholders of up to 808,377 Shares. All of the Shares, if and when sold, will be sold by the Selling Stockholders.

| Shares                                                         
 offered by the Selling Stockholders:                           |     | Up                                                                                                                                   
 to 808,377 Shares.                                                                                                                   |
| Shares                                                         
 of common stock outstanding after completion of this offering: |     | 7,883,214(1)                                                                                                                         |
| Use                                                            
 of proceeds:                                                   |     | We                                                                                                                                   
 will not receive any of the proceeds from any sale of the Shares by the Selling Stockholders. See                                    
 “Use of Proceeds.”                                                                                                                   |
| Risk                                                           
 factors:                                                       |     | An                                                                                                                                   
 investment in our securities involves substantial risk. You should read carefully the “Risk Factors” section on page                 
 7 of this prospectus, and under similar headings in the other documents incorporated by reference into this prospectus.              
 Additional risks and uncertainties not presently known to us or that we currently deem to be immaterial may also impair our business 
 and operations.                                                                                                                      |
| Nasdaq                                                         
 symbol for Common Stock:                                       |     | “DGLY”                                                                                                                               |

| (1) | Shares                                                                                                                    
 of our common stock that will be outstanding after this offering is based on 7,883,214 shares of common stock outstanding 
 as of January