Company: DGLY
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001493152-25-003451
Chunk: 212

Company: DIGITAL ALLY, INC.
Filing Date: 2025-01-24
Form: S-1
Chunk 212
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----|:-------------------------------------|----------:|:----|:-----------------|:----------|
| $        | 5.50 |     |                                      |   375,000 |     |                  | 4.3 years |
| $        | 6.50 |     |                                      |   375,000 |     |                  | 4.3 years |
| $        | 7.50 |     |                                      |   375,000 |     |                  | 4.3 years |
|          |      |     |                                      | 1,125,000 |     |                  | 4.3 years |

NOTE 18 - STOCKHOLDERS’ EQUITY

2022 Issuance of Restricted Common Stock.

On January 7, 2022, the board of directors approved the grant of 26,250shares of common stock to officers of the Company. Such shares will vest over various periods ranging from one to five years on the anniversary of the grant date, provided that each grantee remains an officer or employee on such dates.

On various dates in January 2022, the board of directors approved the grant of 9,500shares of common stock to employees of the Company. Most shares will generally vest in varying amounts over the next twoto five years, provided that each grantee remains an employee on such vesting dates.

Cancellation of Restricted Stock

During the year ended December 31, 2023, the Company cancelled 3,625shares for various reasons.

Preferred Stock Transaction

On October 13, 2022, the Company, entered into a Securities Purchase Agreement (the “Purchase Agreement”) with certain institutional investors (the “Preferred Stock Investors”), pursuant to which the Company agreed to issue and sell, in a private placement (the “2022 Offering”), 1,400,000shares of the Company’s Series A Convertible Redeemable Preferred Stock, par value $ 0.001per share (the “Series A Preferred Stock”), and 100,000shares of the Company’s Series B Convertible Redeemable Preferred Stock, par value $ 0.001per share (the “Series B Preferred Stock”, and together with the Series A Preferred Stock, the “Preferred Stock”), at an offering price of $ 9.50per share, representing a 5% original issue discount to the stated value of $ 10.00per share, for gross aggregate proceeds of $ 15million in the 2022 Offering, before