Company: DGLY
Filing Date: 2025-02-11
Form Type: S-1/A
Source: 0001493152-25-005949
Chunk: 131

Company: DIGITAL ALLY, INC.
Filing Date: 2025-02-11
Form: S-1/A
Chunk 131
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, together with accrued interest, for fifty weeks, or until the principal is paid in full, commencing on January 2, 2024. The use of proceeds of the TicketSmarter Related Party Note was to resolve numerous outstanding payables at a discounted rate, the discount received is recognized as a gain on extinguishment of liabilities on the statement of operations. Additionally, these negotiations relieved TicketSmarter of numerous future obligations following fiscal year 2023.

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<div align='center'>CAPITALIZATION</div>

The following table sets forth our consolidated cash and capitalization, as of September 30, 2024. Such information is set forth on the following basis:

| ● | on                                                                                                                           
 an actual basis;                                                                                                             |
| ● | on                                                                                                                           
 a pro forma basis giving effect to (i) the issuance of senior secured promissory notes in                                    
 aggregate principal amount of $3.6 million and 808,377 shares of our common stock issued                                     
 as a part of the Private Placement, (ii) the use of $2,015,623 of the net proceeds of the                                    
 Private Placement to pay in full all liabilities, obligations and indebtedness owed to Mosh                                  
 Man, LLC and (iii) the issuance of an aggregate of 4,766,777 of our common stock upon                                        
 the exercise of our Class B warrants, which were subject to reset provisions for total proceeds                              
 of $4,766.78; and                                                                                                            |
| ● | on                                                                                                                           
 a pro forma as adjusted basis giving effect to the sale of 79,787,234 Units (assuming no sale of any Pre-Funded Units and    
 no exercise of the Warrants issued in connection with this offering and assuming no exercise of the over-allotment option)   
 by us in this offering at an assumed public offering price of $0.1689 per Unit, after deducting the underwriter discount and 
 commissions and other offering expenses.                                                                                     |

You should read the following table in conjunction with “ Use of Proceeds” and our financial statements and related notes included in this prospectus.

The pro forma as adjusted information set forth below is illustrative only and will be adjusted based on the actual public offering price and other terms of this offering determined at pricing.

|                                                                                                                                                                                                                                                                                  |     | As of September 30, 2024 |              |   |     |           |              |   |     |                             |              |   |
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