Company: DGLY
Filing Date: 2025-08-18
Form Type: 10-Q
Source: 0001641172-25-024667
Chunk: 14

Company: DIGITAL ALLY, INC.
Filing Date: 2025-08-18
Form: 10-Q
Item: Part I, Item 1
Chunk 14
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 Company outstanding as of the effective date of the Reverse Stock
Split. All historical share and per-share amounts reflected throughout the Company’s condensed consolidated financial statements
and other financial information in this Report have been adjusted to reflect the Reverse Stock Split as if the split occurred as of the
earliest period presented. The par value per share of the Company’s Common Stock was not affected by the Reverse Stock Split.

    7

On May 22, 2025, the Company,
acting pursuant to authority received at a special meeting of its stockholders on May 6, 2025, filed with the Secretary of State of the
State of Nevada a certificate of amendment (the “May 22, 2025 Charter Amendment”) to its articles of incorporation, as
amended, to effect a one (1)-for-one hundred (100) share reverse split (the “May 22, 2025 Reverse Stock Split”) of all of
the Company’s outstanding shares of Common Stock, par value $0.001 per share. Pursuant to the May 22, 2025 Charter Amendment, the
Reverse Stock Split became effective at 5:30 p.m. Eastern Time on May 22, 2025. As a result of the May 22, 2025 Reverse Stock Split, every
one hundred (100) shares of Common Stock were exchanged for one (1) share of Common Stock. The Common Stock will begin trading on a split-adjusted
basis on Nasdaq effective with the open of the market on Friday, May 23, 2025. The May 22, 2025 Reverse Stock Split did not affect the
total number of shares of capital stock, including the Common Stock, that the Company is authorized to issue, which remain as set forth
pursuant to the Articles of Incorporation. No fractional shares of Common Stock were issued in connection with the May 22, 2025 Reverse
Stock Split. Stockholders who otherwise were entitled to receive fractional shares of Common Stock were automatically entitled to receive
an additional fraction of a share of Common Stock to round up to the next whole share, at a participant level. The May 22, 2025 Reverse
Stock Split also had a proportionate effect on all other options and warrants of the Company outstanding as of the effective date of the
May 22, 2025 Reverse Stock Split. All historical share and per-share amounts reflected throughout the Company’s condensed consolidated
financial statements and other financial information