Company: DGLY
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021680
Chunk: 52

Company: DIGITAL ALLY, INC.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 52
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 Requirement, the Low-Priced Stocks Rule and the Stockholders’ Equity Requirement, which hearing date
has not been set as of the date of this Form 10-K. While the appeal process is pending, the suspension of trading of the Company’s
Common Stock, will be stayed and the Common Stock will continue to trade on the Nasdaq Capital Market until the hearing process concludes,
and the Panel issues a written decision. The Company held its hearing with the Panel as scheduled on April 17, 2025.

On
May 1, 2025, the Panel rendered its decision which granted the Company’s request for continued listing on the Nasdaq Exchange.
Such decision is subject to the following conditions:

    ●
    On
    or before May 2, 2025, the Company shall file Form 10-K for 2024 in compliance with Listing Rule 5250(c)(1). 

    ●
    On
    or before May 20, 2025, the Company must file a public disclosure describing any transactions undertaken by the Company to increase
    its equity and provide an indication of its equity following those transactions.

    ●
    In
    addition, on or before May 20, 2025, the Company must provide the Panel with an update on its fundraising plans, and updated income
    projections for the next 12 months, with all underlying assumptions clearly stated. 

    ●
    On
    or before June 6, 2025, the Company shall demonstrate compliance with the Minimum Bid Price Requirement. 

    ●
    If,
    prior to September 2, 2025, the Company becomes non-compliant with any Listing Rule, the Company will be delisted.

The
Company continues to work diligently to regain and maintain compliance with the Minimum Bid Price Requirement and Stockholders’
Equity Requirement as promptly as possible. In that regard, management believes that it has achieved compliance with the Stockholders’
Equity Requirement as reported in the accompanying Statement of Stockholders’ Equity (Deficit) as of September 30, 2025. Furthermore,
management believes that it has achieved compliance with the Minimum Bid Price Requirement prior to June 6, 2025, as required by the
Panel. Management believes that it has met all other requirements as requested by the Panel. There are no assurances however, that the
Company will be able to meet and maintain all such conditions required by the Panel.

On
October 17, 2025,