Company: DGLY
Filing Date: 2025-08-18
Form Type: 10-Q
Source: 0001641172-25-024667
Chunk: 83

Company: DIGITAL ALLY, INC.
Filing Date: 2025-08-18
Form: 10-Q
Item: Part I, Item 1
Chunk 83
---
riced Stocks Rule and the Stockholders’ Equity Requirement. While the appeal process was pending, the suspension of trading of the Company’s Common Stock,
was stayed and the Common Stock continued to trade on the Nasdaq Capital Market until the hearing process concludes, and the Panel
issues a written decision. The Company held its hearing with the Panel as scheduled on April 17, 2025.

43

On May 1, 2025, the Panel rendered its
decision which granted the Company’s request for continued listing on the Nasdaq Exchange. Such decision is subject to the
Company meeting and maintaining the following conditions:

    ●
    On or before May 2, 2025, the Company shall file Form 10-K for 2024 in compliance with Listing Rule 5250(c)(1). 

    ●
    On or before May 20, 2025, the Company must file a public disclosure describing any transactions undertaken by the Company to increase its equity and providing an indication of its equity following those transactions.

    ●
    In addition, on or before May 20, 2025, the Company must provide the Panel with an update on its fundraising plans, and updated income projections for the next 12 months, with all underlying assumptions clearly stated. 

    ●
    On or before June 6, 2025, the Company shall demonstrate compliance with the Minimum Bid Price Requirement. 

    ●
    If, prior to September 2, 2025, the Company becomes non-compliant with any Listing Rule, the Company will be delisted.

The Company has worked diligently to regain and maintain compliance with the Minimum Bid Price Requirement and Stockholders’ Equity
Requirement as promptly as possible. In that regard, management believes that it has achieved compliance with the
Stockholders’ Equity Requirement as reported in the accompanying Statement of Stockholders’ Equity (Deficit) as of June
30, 2025. Furthermore, management believes that it has achieved compliance with the Minimum Bid Price Requirement prior to June 6,
2025, as required by the Panel. Management believes that it has met all other requirements as requested by the Panel. There are no
assurances however, that the Company will be able to meet and maintain all such conditions required by the Panel.

Segment Overview

Video Solutions Operating
Segment – Within our video solutions operating segment we supply technology-based products utilizing our portable digital video
and audio recording capabilities for the law enforcement and security industries and for the commercial fleet and mass transit markets