Company: DGLY
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021680
Chunk: 68

Company: DIGITAL ALLY, INC.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 68
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 be equal to the public offering price
of one Unit (less $0.00001 allocated to each Series A and Series B warrants), as applicable, less the underwriting discount, and the
purchase price to be paid per over-allotment Series A and Series B warrants will be $0.00001. On February 14, 2025, the Underwriter exercised
its over-allotment option with respect to 3,000 pre-funded warrants/common shares, 7,500 Series A warrants and 7,500 Series B warrants.
Settlement occurred on April 17, 2025.

Aegis
Capital Corp. served as the sole book-running manager in the offering, pursuant to the terms of the Underwriting Agreement, and received
seven percent (7%) of the aggregate purchase price paid by investors in the offering, a one percent (1%) non-accountable expense and
reimbursement of the legal fees of its counsel.

The
units and pre-funded units were offered by the Company pursuant to an effective registration statement on Form S-1, as amended, which
was declared effective by the SEC on February 12, 2025. The final prospectus relating to the offering was filed with the SEC on February
13, 2025.

The
aggregate net proceeds to the Company from the offering including the underwriters exercise of their overallotment option were approximately
$14,308,300, after deducting underwriter’s fees and the payment of other offering expenses associated with the offering payable
by the Company.

2024
Issuance of Restricted Common Stock

In
January 2024, the board of directors approved the grant of 27 shares of Common Stock to officers of the Company. Such shares will generally
vest over a period of one to five years on their respective anniversary dates in January through January 2028, provided that each grantee
remains an officer or employee on such dates. Additionally, the board of directors approved the grant of 13 restricted common shares
to certain new employees of the Company. Such shares will generally vest over a period of one1 to two years on their respective anniversary
dates from January through January 2026, provided that each grantee remains an employee of the company on such dates.

2024
Private Placement Transaction

On
June 24, 2024, the Company entered into a private placement transaction (the “Private Placement”), pursuant to a Securities
Purchase Agreement (the “Securities Purchase Agreement”) with