Company: DGLY
Filing Date: 2025-05-07
Form Type: 8-K
Source: 0001641172-25-008972
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Company: DIGITAL ALLY, INC.
Filing Date: 2025-05-07
Form: 8-K
Item: Item 5.03
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Item
5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.

On
May 6, 2025, Digital Ally, Inc. (the “ Company”), acting pursuant to authority received at an annual meeting of its stockholders
on December 17, 2024, filed with the Secretary of State of the State of Nevada a certificate of amendment (the “ Charter Amendment”)
to its articles of incorporation, as amended (the “ Articles of Incorporation”), which effected a one-for-twenty reverse stock
split (the “ Reverse Stock Split”) of all of the Company’s outstanding shares of common stock, par value $0.001 per
share (the “ Common Stock”). Pursuant to the Charter Amendment, the Reverse Stock Split became effective as of 5:30 p. m. Eastern
Time on May 6, 2025. As a result of the Reverse Stock Split, every twenty (20) shares of Common Stock were exchanged for one (1) share
of Common Stock. The Common Stock will begin trading on the Nasdaq Capital Market on a split-adjusted basis at the start of trading on
May 7, 2025.

The
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 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
Reverse Stock Split also has a proportionate effect on all other options and warrants of the Company outstanding as of the effective
date of the Reverse Stock Split. The new CUSIP number for the Common Stock is 25382T309.

The
Company’s transfer agent, Securities Transfer Corporation, is acting as exchange agent for the Reverse Stock Split and has provided
instructions to stockholders of record regarding the exchange of certificates for Common Stock.

The
summary of the Charter Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the
Charter Amendment, a copy of which is attached to this Current Report on Form 8-K as Exhibit 3.1.

Item 5.07. Submission of Matters to a Vote of Security Holders.