Company: DGLY
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021680
Chunk: 270

Company: DIGITAL ALLY, INC.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 2
Chunk 270
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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 September 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.

On
October 17, 2025, the Company received notice from Nasdaq that it had regained full compliance with the Minimum Bid Price Requirement
and Stockholders’ Equity Requirement. The Nasdaq has now placed the Company under a one-year Discretionary Panel Monitor. Under
the Discretionary Panel Monitor, the Company will not be permitted to request additional time to regain compliance with any deficiencies
that occur within the one-year period regarding noncompliance with the Periodic Filing or Bid Price Rules. Such one-year period expires
on July 31, 2026 with regard to the Periodic Filing Rules and September 2, 2026 regarding the Bid Price Rules.

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