Company: DGLY
Filing Date: 2025-02-06
Form Type: S-1/A
Source: 0001493152-25-005144
Chunk: 6

Company: DIGITAL ALLY, INC.
Filing Date: 2025-02-06
Form: S-1/A
Chunk 6
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 over-allotment Warrant will be $0.00001. We will be obligated, pursuant to the option, to sell these additional shares of
common stock, or Warrants to the underwriter to the extent the option is exercised. If any additional shares of common stock, or Warrants
are purchased, the underwriter will offer the additional shares of common stock, and Warrants on the same terms as those on which the
other shares of common stock, and Warrants are being offered hereunder. No underwriting discounts or commissions will be paid on any
Warrants purchased pursuant to the underwriter’s over-allotment option. If this over-allotment option is exercised solely for common
stock in full, the total offering price to the public will be approximately $17,250,000, and the total net proceeds, before expenses
and after deducting the underwriting discounts described above, to us will be approximately $15,442,000 (based upon an assumed
public offering price of $0.188 per Unit).

The public offering price for the securities in this offering will be determined at the time of pricing and may be at a discount to the current market price at the time. Therefore, the assumed public offering price used throughout this prospectus may not be indicative of the final offering price. The final public offering price will be determined through negotiation between us and the underwriter, based upon a number of factors, including our history and our prospects, the industry in which we operate, our past and present operating results, the previous experience of our executive officers and the general condition of the securities markets at the time of this offering.

We intend to use the proceeds from this offering for general corporate purposes, including working capital and investments. See “ Use of Proceeds.”

Investing in the securities involves a high degree of risk. See “ Risk Factors” beginning on page 7 of this prospectus for a discussion of information that should be considered in connection with an investment in our securities.

Neither the Securities and Exchange Commission (“SEC”) nor any state securities commission has approved or disapproved of these securities or determined if this prospectus is truthful or complete. Any representation to the contrary is a criminal offense.

|                            |     | Per  
 Unit |     | Per             
 Pre-Funded Unit |     | Total |
|:---------------------------|:----|:-----|:----|:----------------|:----|:------|
| Public offering price      |     | $    |     | $               |     |