Company: DGLY
Filing Date: 2025-02-06
Form Type: S-1/A
Source: 0001493152-25-005144
Chunk: 151

Company: DIGITAL ALLY, INC.
Filing Date: 2025-02-06
Form: S-1/A
Chunk 151
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 purchased, the underwriter will offer the additional shares of common stock, and Warrants on the same terms as those on which the other shares of common stock, and Warrants are being offered hereunder. No underwriting discounts or commissions will be paid on any Warrants purchased pursuant to the underwriter’s over-allotment option. If this over-allotment option is exercised solely for common stock in full, the total offering price to the public will be approximately $17,250,000, and the total net proceeds, before expenses and after deducting the underwriting discounts described above, to us will be approximately $15,442,000 (based upon an assumed public offering price of $0.188 per Unit).

Underwriting Discounts and Expenses

The following table shows the per Unit and total underwriting discounts we will pay to Aegis. These amounts are shown assuming both no exercise and full exercise of the underwriter’s option to purchase additional shares of common stock.

|                                    |     | Per  
 Unit |     | Total    
 No       
 Exercise |     | Full        
 Exercise(2) |
|:-----------------------------------|:----|:-----|:----|:---------|:----|:------------|
| Public                             
 offering price                     |     | $    |     | $        |     | $           |
| Underwriting                       
 discounts to be paid by us (8.0%): |     | $    |     | $        |     | $           |
| Non-accountable                    
 expense allowance (1.0%)(1)        |     | $    |     | $        |     | $           |
| Proceeds,                          
 before expenses, to us             |     | $    |     | $        |     | $           |

(1) We have agreed to pay a non-accountable expense allowance to Aegis equal to 1.0% of the gross proceeds received in this offering.
(2) Assumes exercise for Units only. The underwriter will not receive any discounts or commissions upon exercise of the underwriter’s option to purchase Warrants.

We have also agreed to reimburse the underwriter for certain of its expenses, including “roadshow,” diligence, and reasonable legal fees and disbursements, in an amount not to exceed $200,000 in the aggregate. We estimate that the total expenses of the offering payable by us, excluding underwriting discounts and non-accountable expense allowance, will be approximately $255,500.

| 98 |

Stabilization

In accordance with Regulation