Company: DGLY
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001641172-25-011765
Chunk: 64

Company: DIGITAL ALLY, INC.
Filing Date: 2025-05-20
Form: 10-Q
Item: Part I, Item 1
Chunk 64
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 which 5,000,000,000 shares shall be classified as Common Stock. The proposal was not
approved.

Proposal Two: Approval
of a proposal to authorize the board of directors of the Company (the “Board”), in its sole and absolute discretion, and without
further action of the stockholders, to file an amendment to our Articles of Incorporation to effect a reverse stock split of our issued
and outstanding Common Stock at a ratio to be determined by the Board, ranging from one-for-five (1:5) to one-for-one hundred (1:100),
with such reverse stock split to be effected at such time and date, if at all, as determined by the Board in its sole discretion, but
no later than April 1, 2026, when the authority granted in this proposal to implement the reverse stock split would terminate. The
proposal was approved.

Proposal Three: Authorization,
for purposes of complying with Nasdaq listing rule 5635(d), of the issuance of Series A Warrants to purchase shares of Common Stock
(the “Series A Warrants”) and Series B Warrants to purchase shares of Common Stock (the “Series B Warrants”
and collectively with the Series A Warrants, the “Warrants”), shares of Common Stock underlying the Warrants and certain
provisions of the Warrants, issued in connection with an offering and sale of securities of the Company that was consummated on
February 14, 2025. The proposal was approved

Reverse Stock Split

On May 6, 2025, the
Company, acting pursuant to authority received at an annual meeting of its stockholders on December 17, 2024, filed with the Secretary
of State of the State of Nevada the Charter Amendment to its Articles of Incorporation, which effected a one-for-twenty reverse stock split of all of the Company’s outstanding shares of Common Stock. Pursuant to the Charter Amendment, the Reverse Stock Split became
effective as of 5:30 p.m. Eastern Time on May 6, 2025. As a result of the Reverse Stock Split, every twenty (20) shares of Common Stock
were exchanged for one (1) share of Common Stock. The Common Stock began trading on the Nasdaq Capital Market on a split-adjusted basis
at the start of trading on May 7, 2025. The Reverse Stock Split did not affect the total number of shares of capital stock, including
the Common Stock, that the Company