Company: DGLY
Filing Date: 2025-06-27
Form Type: 424B4
Source: 0001641172-25-016976
Chunk: 9

Company: DIGITAL ALLY, INC.
Filing Date: 2025-06-27
Form: 424B4
Chunk 9
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 after the Warrant Stockholder Approval date, subject to certain exceptions, 
 not to offer, sell, contract to sell, encumber, grant any option for the sale of or otherwise dispose of any shares of our common       
 stock or other securities convertible into or exercisable or exchangeable for shares of our common stock without the prior written      
 consent of the underwriter.                                                                                                             |

The number of shares of our common stock that are outstanding before and after the exercise of Warrants as shown above is based on 1,727,421 shares outstanding as of June 16, 2025. The number of shares outstanding as of June 16, 2025, as used throughout this prospectus, unless otherwise indicated, excludes, as of that date:

| ● | up to 26 shares of our common stock issuable upon                                                                             
 exercise of outstanding options with a weighted average exercise price of $90,280.00 per share.                               |
| ● | up to 3,551 shares of our common stock issuable                                                                               
 upon exercise of warrants issued previously and outstanding, having a weighted average exercise price of $2,900.00 per share. |

| 5 |

<div align='center'>RISK FACTORS</div>

Investing in our securities involves a high degree of risk. You should carefully consider the following risks and all other information contained in this prospectus, including our financial statements and the related notes, before investing in our securities. Additional risks and uncertainties that we are unaware of, or that we currently believe are not material, also may become important factors that affect us. If any of the following risks occur, our business, financial condition, results of operations and prospects could be materially and adversely affected. In these circumstances, the market price of our securities could decline, and you may lose all or part of your investment.

Risks Related to Our Financial Condition

We will need financing in the longer term to support our ongoing operations. If we do not raise sufficient capital when such financing is needed, we may be forced to cease operations, liquidate our assets and possibly seek bankruptcy protection or engage in a similar process.

While we believe that current cash on hand is sufficient to fund our immediate operational needs, we will need financing in the longer term to support our ongoing operations. There can be no assurance that we will be able to secure any needed funding, or that if such funding is available, the terms or conditions would be acceptable to us. If we are unable to obtain such additional financing, whether through this offering