Company: DGLY
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001493152-25-003451
Chunk: 289

Company: DIGITAL ALLY, INC.
Filing Date: 2025-01-24
Form: S-1
Chunk 289
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(c)(1), which requires Nasdaq-listed companies to timely file all required periodic financial reports with the U.S. Securities and Exchange Commission.

| F-84 |

The Notice states that the Company has until January 24, 2025, to submit to Nasdaq an update to its plan to regain compliance with the Rule. The Notice also indicates that any additional exception to allow the Company to regain compliance with all delinquent filings will be limited to up to 180 calendar days from the due date of the Initial Delinquent Filing, or until May 19, 2025. The Notice has no immediate effect on the listing of the Company’s securities on Nasdaq.

The Company continues to work diligently to complete its Quarterly Report and plans to file its Quarterly Report as promptly as possible to regain compliance with the Rule.

December 20, 2024, the Company
received a written notification from The Nasdaq Stock Market LLC indicating that the Company was not in compliance with Nasdaq Listing Rule
5550(a)(2) (the “Minimum Bid Price Requirement”), as the Company’s closing bid price for its common stock was below
$1.00 per share for the prior thirty (30) consecutive business days. The Company has been granted a 180-calendar day compliance period,
or until June 18, 2025, to regain compliance with the Minimum Bid Price Requirement.If the Company is not
in compliance by June 18, 2025, the Company may be afforded a second 180-calendar day compliance period. If the Company does not regain
compliance within such compliance period, including any granted extensions, its common stock may be subject to delisting, which
delisting may be appealed to a Nasdaq hearings panel.

Common Stock Warrant Reset

On June 24, 2024, the Company entered into a private placement transaction as previously described in NOTE 12. STOCKHOLDERS’ EQUITY(the “June 2024 Private Placement”). As part of the June 2024 Private Placement, the Company
issued an aggregate of 1,195,219 units and pre-funded units at a purchase price of $2.51 per unit (less $0.00001 per pre-funded unit).
Each Unit consisted of (i) one share of common stock, par value $0.001 per share, of the Company (the “Common Stock”) (or
one pre-funded warrant to purchase one share of Common Stock), (ii) one Series A warrant to purchase one share