Company: DGLY
Filing Date: 2025-02-06
Form Type: S-1/A
Source: 0001493152-25-005144
Chunk: 131

Company: DIGITAL ALLY, INC.
Filing Date: 2025-02-06
Form: S-1/A
Chunk 131
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 |   (1,265,852 | ) |     | $         |   (1,265,852 | ) |     |                          |   (1,265,852 | ) |
| Accumulated Deficit                                                                                                                                                                                                                                                              |     | $                        | (130,154,168 | ) |     | $         | (130,831,334 | ) |     |                          | (130,831,334 | ) |
| Total Stockholders’ equity (deficit)                                                                                                                                                                                                                                             |     | $                        |   (2,448,310 | ) |     | $         |   (2,581,254 | ) |     | $                        |    2,062,646 |   |
| Total capitalization                                                                                                                                                                                                                                                             |     | $                        |   32,263,169 |   |     | $         |   32,921,563 |   |     | $                        |   46,316,063 |   |

| (1) | Assumes                                                                                   
 no sale of any Pre-Funded Units and no exercise of the Warrants issued in connection with 
 this offering and assumes no exercise of the over-allotment option.                       |

The information above excludes on a pro forma and pro forma, as adjusted basis:

| ● | up                                                                                                                        
 to 52,500 shares of our common stock issuable upon exercise of outstanding options with a weighted average exercise price 
 of $45.14 per share.                                                                                                      |
| ● | up to 7,101,095 shares of our common stock issuable                                                                       
 upon exercise of warrants issued previously and outstanding, having a weighted average exercise price of $1.45 per share. |

| 82 |

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

If you invest in the securities being offered by this prospectus, your interest will be diluted immediately to the extent of the difference between the public offering price per Unit and the pro forma net tangible book value per share of our common stock after this offering.

Our historical net tangible book value as of September 30, 2024 was $(13,598,855), or $(3.38) per share of our common stock. Historical net tangible book value per share represents the amount of our total tangible assets, less total liabilities, divided by the number of shares of our common stock outstanding as of September 30, 2024.

Our pro forma net tangible book value was $(13,731,799), or $(1.4304)