Company: DGLY
Filing Date: 2025-11-26
Form Type: S-1
Source: 0001493152-25-025057
Chunk: 43

Company: DIGITAL ALLY, INC.
Filing Date: 2025-11-26
Form: S-1
Chunk 43
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 to one hundred ten percent (110%) of the outstanding principal amount of the Notes (the “Optional Redemption Amount”).

On November
7, 2025, the Company, entered into the First Amendment to Common Stock Purchase Agreement (the “ELOC Amendment”), dated as
of September 15, 2025 (the “ELOC Purchase Agreement”), with the ELOC Investor, pursuant to which the Company shall cause
the Commitment Fee (as defined in the ELOC Purchase Agreement) to be paid to the ELOC Investor on the date of the ELOC Amendment, which
will be paid (i) in shares of Common Stock equal to 19.99% of the shares of Common Stock outstanding on the date of execution of the
ELOC Purchase Agreement, with the value per share to be based on the 5-day VWAP ending on the tenth (10th) Trading Day following the
later of (1) the date of stockholder approval or (2) the date the Resale Registration Statement (as defined in the ELOC Purchase Agreement)
is declared effective, provided however, the valuation will be capped at the full commitment fee, and subject to the Beneficial Ownership
Limitation (as defined in the ELOC Purchase Agreement), and (ii) the balance, in cash using the 30% of the proceeds from any subsequent
financings, including the ELOC Purchase Agreement.

Item 16. Exhibits

The list of exhibits in the Exhibit Index to this registration statement is incorporated herein by reference.

Item 17. Undertakings.

The undersigned registrant hereby undertakes:

| (1)   | To file, during any period                                                                                                           
 in which offers or sales are being made, a post-effective amendment to this registration statement.                                  |
| (i)   | To include any prospectus                                                                                                            
 required by Section 10(a)(3) of the Securities Act of 1933, as amended;                                                              |
| (ii)  | To reflect in the prospectus                                                                                                         
 any facts or events arising after the effective date of this registration statement (or the most recent post-effective amendment     
 thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in this registration   
 statement. Notwithstanding the foregoing, any increase or decrease in the volume of securities offered (if the total dollar value    
 of the securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated    
 maximum offering range