Company: DGLY
Filing Date: 2025-02-06
Form Type: S-1/A
Source: 0001493152-25-005144
Chunk: 219

Company: DIGITAL ALLY, INC.
Filing Date: 2025-02-06
Form: S-1/A
Chunk 219
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 total intrinsic value of all outstanding warrants aggregated $- 0- as of December 31, 2023 and 2022, and the weighted average remaining term was 51.2and 3.9months as of December 31, 2023 and 2022, respectively.

The following table summarizes the range of exercise prices and weighted average remaining contractual life for outstanding and exercisable warrants to purchase shares of common stock as of December 31, 2023:

SUMMARY OF RANGE OF EXERCISE PRICES AND WEIGHTED AVERAGE REMAINING CONTRACTUAL LIFE OF WARRANTS

| Exercise 
 price    |      |     | Outstanding and exercisable warrants 
 Number of                            
 warrants                             |           |     | Weighted average 
 remaining        
 contractual life |           |
|:---------|-----:|:----|:-------------------------------------|----------:|:----|:-----------------|:----------|
| $        | 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