Company: DGLY
Filing Date: 2025-06-27
Form Type: 424B4
Source: 0001641172-25-016976
Chunk: 40

Company: DIGITAL ALLY, INC.
Filing Date: 2025-06-27
Form: 424B4
Chunk 40
---
 with an accrued interest balance of $3,465.

| 25 |

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

The following table sets forth our consolidated cash and capitalization, as of March 31, 2025. Such information is set forth on the following basis:

| ● | on an actual basis (assuming no exercise of the Warrants);                                                                               |
| ● | on a pro forma basis giving effect to the issuance of 1,669,319                                                                          
 shares of common stock issuable upon the exercise of Series B Warrants at a zero exercise price which have already been exercised        
 as of the date of this prospectus; there remains outstanding and unexercised Series B Warrants to purchase 37 shares of common           
 stock at a zero exercise price; and                                                                                                      |
| ● | on a pro forma as adjusted basis giving effect to (i)                                                                                    
 the full exercise of the of the remaining unexercised Series B Warrants to purchase 37 shares of common stock at a                       
 zero exercise price and (ii) the full exercise of the of the Series A Warrants to purchase 347,796 shares of common stock at an exercise 
 price of $62.00 per share.                                                                                                               |

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

|                                                                                                                      |     | As of March 31, 2025 |              |   |     |           |              |   |     |                             |              |   |
|:---------------------------------------------------------------------------------------------------------------------|:----|:---------------------|-------------:|:--|:----|:----------|-------------:|:--|:----|:----------------------------|-------------:|:--|
|                                                                                                                      |     | Actual               |              |   |     | Pro Forma |              |   |     | Pro Forma As Adjusted(1)(2) |              |   |
| Cash and cash equivalents                                                                                            |     | $                    |    3,762,608 |   |     | $         |    3,762,608 |   |     | $                           |   25,325,960 |   |
| Total liabilities                                                                                                    |     | $                    |   18,686,961 |   |     | $         |   18,686,961 |   |     | $                           |   18,686,961 |   |
| Stockholders’ equity:                                                                                                |