Company: DGLY
Filing Date: 2025-05-02
Form Type: 424B3
Source: 0001641172-25-008437
Chunk: 178

Company: DIGITAL ALLY, INC.
Filing Date: 2025-05-02
Form: 424B3
Chunk 178
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, the suspension of trading of
the Company’s common stock, par value $0.001 per share (the “Common Stock”), will be stayed and the Common Stock
will continue to trade on the Nasdaq Capital Market until the hearing process concludes and the Panel issues a written decision. The
Company held its hearing with the Panel as scheduled on April 17, 2025.

On May 1, 2025, the Panel rendered its decision which granted the Company’s request for continued listing on the Nasdaq Exchange. Such decision is subject to the following conditions:

| ● 
 ● 
 ● | On or before May 2, 2025, the Company                                                                                                      
 shall file Form 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 Bid Price Rule.                                                                          |
| ● | If, prior to September                                                                                                                     
 2, 2025, the Company becomes non-compliant with any Listing Rule, the Company will be delisted.                                            |

There are no assurances however, that the Company will be able to meet and maintain all such conditions required by the Panel.

Obligations

Promissory Note- On February 1, 2025, the Company’s Entertainment Segment entered into a $600,000 unsecured promissory note with a third
party. The promissory note bears an interest rate of 10.0% per annum, compounded monthly. Payments of principal and interest are
due on May 5, 2025.

Commercial Extension of Credit -On January 31, 2025, the Company’s Entertainment Segment entered into a $300,000 purchase agreement
with TFL, LLC (“TFL”). TFL agreed to purchase Major League Baseball tickets from the Company’s Entertainment Segment
for $177,227.93 as well as pay off the remaining balance