Company: DGLY
Filing Date: 2025-02-21
Form Type: PRE 14A
Source: 0001493152-25-007922
Chunk: 26

Company: DIGITAL ALLY, INC.
Filing Date: 2025-02-21
Form: PRE 14A
Chunk 26
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-Reverse Stock Split shares of Common Stock in registered book-entry 
 form.                                                                                           |

| ● | If                                                                                                
 you are entitled to post-Reverse Stock Split shares of Common Stock, a transaction statement      
 will automatically be sent to your address of record by our transfer agent as soon as practicable 
 after the Effective Date indicating the number of shares of Common Stock that you hold.           |

Interests of Directors and Executive Officers

Our Board of Directors and executive officers have no substantial interests, directly or indirectly, in the matters set forth in this proposal except to the extent of their ownership of shares of our Common Stock and equity awards granted to them under our equity incentive plans.

Reservation of Right to Abandon a Reverse Stock Split

We reserve the right to abandon a Reverse Stock Split without further action by our stockholders at any time before the Effective Date, even if our stockholders authorize the Reverse Stock Split at the Special Meeting. By voting in favor of the Board’s right to effect a Reverse Stock Split, you are expressly authorizing the Board to determine not to proceed with, and abandon, a Reverse Stock Split if it should so decide.

Vote required

Approval of Proposal No. 2 requires the affirmative vote of the holders of a majority of the shares of Common Stock then represented at the meeting and entitled to vote on Proposal No. 2. Abstentions and broker non-votes by holders of Common Stock will have the same effect as votes against Proposal No. 2.

Voting Recommendation

The Board unanimously recommends a vote “ FOR” Proposal No. 2.

| 14 |

<div align='center'>PROPOSAL NO. 3

TO AUTHORIZE, FOR PURPOSES OF COMPLYING WITH NASDAQ LISTING RULE 5635(D), THE ISSUANCE OF WARRANTS, SHARES OF OUR COMMON STOCK UNDERLYING THE WARRANTS AND CERTAIN PROVISIONS OF THE WARRANTS, ISSUED IN CONNECTION WITH AN OFFERING AND SALE OF SECURITIES OF THE COMPANY THAT WAS CONSUMMATED ON FEBRUARY 14, 2025</div>

On February 14, 2025, the Company issued 7,850,000 units (“Units”), each Unit consisting of (i) one share of Common Stock; (ii) one Series A Warrant to purchase one share of Common Stock (the “Series A Warrant”); and (iii) one Series B Warrant to purchase one share of Common Stock (the “Series B Warrant” and collectively with the Series