Company: DGLY
Filing Date: 2025-05-02
Form Type: 424B3
Source: 0001641172-25-008437
Chunk: 0

Company: DIGITAL ALLY, INC.
Filing Date: 2025-05-02
Form: 424B3
Chunk 0
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Filed Pursuant to Rule 424(b)(3)
Registration No. 333-284448

PROSPECTUS SUPPLEMENT NO. 1
(TO PROSPECTUS DATED FEBRUARY 13, 2025)

<div align='center'>7,850,000 Units, with each Unit consisting of:

One Share of Common Stock

One Series A Warrant to Purchase One Share of Common Stock

One Series B Warrant to Purchase One Share of Common Stock

92,150,000 Pre-Funded Units, with each Pre-Funded Unit consisting of:

One Pre-Funded Warrant to Purchase One Share of Common Stock

One Series A Warrant to Purchase One Share of Common Stock

One Series B Warrant to Purchase One Share of Common Stock

92,150,000 Shares of Common Stock Underlying the Pre-Funded Warrants

100,000,000 Shares of Common Stock Underlying the Series A Warrants

100,000,000 Shares of Common Stock Underlying the Series B Warrants

Digital Ally, Inc.</div>

This prospectus supplement updates and supplements the prospectus dated February 13, 2025 (as supplemented or amended from time to time, the “Prospectus”), which forms a part of our Registration Statement on Form S-1, as amended (Registration No. 333-284448). This prospectus supplement is being filed to update and supplement the information in the Prospectus with the information contained in the attached Annual Report on Form 10-K, filed with the U.S. Securities and Exchange Commission on May 2, 2025.

The Prospectus and this prospectus supplement relate to the offer and sale by us of 7,850,000 units (the “Units”) and 92,150,000 pre-funded units (the “Pre-Funded Units”) for a purchase price of $0.15 per Unit and $0.149 per Pre-Funded Unit. Each Unit consists of (i) one share of common stock, $0.001 par value per share (“Common Stock”), (ii) one Series A Warrant to purchase one share of Common Stock (the “Series A Warrants”) and (iii) one Series B Warrant to purchase one share of Common Stock (the “Series B Warrants”). Each Series A Warrant is exercisable at an exercise price of $0.1875 per share, subject to certain anti-dilution and share combination event protections, and each Series B Warrant is exerc