Company: DGLY
Filing Date: 2025-01-23
Form Type: 424B3
Source: 0001493152-25-003413
Chunk: 11

Company: DIGITAL ALLY, INC.
Filing Date: 2025-01-23
Form: 424B3
Chunk 11
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. You should read carefully the “Risk Factors” section on page                 
 7 of this prospectus, and under similar headings in the other documents incorporated by reference into this prospectus.              
 Additional risks and uncertainties not presently known to us or that we currently deem to be immaterial may also impair our business 
 and operations.                                                                                                                      |
| Nasdaq                                                         
 symbol for Common Stock:                                       |     | “DGLY”                                                                                                                               |

| (1) | Shares                                                                                                                    
 of our common stock that will be outstanding after this offering is based on 7,883,214 shares of common stock outstanding 
 as of January 15, 2025, but excludes the following as of such date:                                                       |

| ● | excludes                                                                                                                     
 up to 52,500 shares of our common stock issuable upon exercise of outstanding options with a weighted average exercise price 
 of $45.14 per share.                                                                                                         |
| ● | excludes                                                                                                                     
 up to 8,832,226 shares of our common stock issuable upon exercise of warrants issued previously and outstanding, having a    
 weighted average exercise price of $1.27 per share.                                                                          |

| 6 |

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

An investment in the securities offered under this prospectus involves a high degree of risk. You should carefully consider and evaluate all of the information contained in this prospectus and in the documents that we incorporate by reference herein before you decide to invest in our securities. In particular, you should carefully consider and evaluate the risks and uncertainties described under the heading “Risk Factors” in this prospectus and in the documents incorporated by reference herein. Investors are further advised that the risks described below may not be the only risks we face. Additional risks that we do not yet know of, or that we currently think are immaterial, may also negatively impact our business operations or financial results. Any of the risks and uncertainties set forth in this prospectus and in the documents incorporated by reference herein, as updated by annual, quarterly and other reports and documents that we file with the SEC and incorporate by reference into this prospectus, could materially and adversely affect our business, results of operations and financial condition, which in turn could materially and adversely affect the value of our securities.

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