Company: DGLY
Filing Date: 2025-01-23
Form Type: 424B3
Source: 0001493152-25-003413
Chunk: 37

Company: DIGITAL ALLY, INC.
Filing Date: 2025-01-23
Form: 424B3
Chunk 37
---
,824 shares of common stock. Includes 336,824 shares of common stock          
 held directly and 56,548 shares of common stock issuable upon the exercise of Series A and Series B warrants up to the beneficial          
 ownership blocker of 4.99%. Excludes 2,433,492 shares of common stock issuable upon the exercise of Series A and Series B warrants         
 in excess of the 4.99% beneficial ownership blocker. Sabby Management, LLC is the investment manager of Sabby Volatility Warrant           
 Master Fund, Ltd. and shares voting and investment power with respect to these shares in this capacity. As manager of Sabby Management,    
 LLC, Hal Mintz also shares voting and investment power on behalf of Sabby Volatility Warrant Master Fund, Ltd. Each of Sabby Management,   
 LLC and Hal Mintz disclaims beneficial ownership over the securities listed except to the extent of their pecuniary interest therein.      |
| (2) | Holds the following securities issued in the Private Placement:                                                                            
 134,729 shares of common stock. Includes 134,729 shares of common stock held directly and 258,643 shares of common stock issuable          
 upon the exercise of Series A and Series B warrants up to the beneficial ownership blocker of 4.99%. Excludes 737,372 shares of common     
 stock issuable upon the exercise of Series A and Series B warrants in excess of the 4.99% beneficial ownership blocker. David              
 Feldman is the control person for L1 Capital Global Opportunities Master Fund. The address for L1 Capital Global Opportunities Master      
 Fund is 1688 Meridian Ave, Level 6, Miami Beach, FL, 33139.                                                                                |
| (3) | Holds                                                                                                                                      
 the following securities issued in the Private Placement: 74,102 shares of common stock. Includes 74,102 shares of common stock            
 held directly and 319,270 shares of common stock issuable upon the exercise of Series A and Series B warrants up to the beneficial         
 ownership blocker of 4.99%. Excludes 606,288 shares of common stock issuable upon the exercise of Series A and Series B warrants           
 in excess of the 4.99% beneficial ownership blocker. Anson Advisors Inc and Anson Funds Management LP, the Co-Investment Advisers          
 of Anson East Master Fund LP (“Anson”), hold voting and dispositive power over the common stock held by Anson. Tony Moore                  
 is the managing member