Company: DGLY
Filing Date: 2025-02-06
Form Type: S-1/A
Source: 0001493152-25-005144
Chunk: 14

Company: DIGITAL ALLY, INC.
Filing Date: 2025-02-06
Form: S-1/A
Chunk 14
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 company if either (i) the market value of our stock held by non-affiliates is less than $250 million measured on the last business day of our second fiscal quarter or (ii) our annual revenue is less than $100 million during the most recently completed fiscal year and the market value of our stock held by non-affiliates is less than $700 million measured on the last business day of our second fiscal quarter. For so long as we remain a smaller reporting company, we are permitted and intend to rely on exemptions from certain disclosure and other requirements that are applicable to other public companies that are not smaller reporting companies.

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<div align='center'>THE OFFERING</div>

| Units               
 offered by us       |     | 79,787,234                                                                                                                                
 Units. Each Unit consists of: (i) one share                                                                                               
 of common stock; (ii) one Series A Warrant; and (iii) one Series B Warrant.                                                               |
| Pre-Funded          
 Units offered by us |     | We                                                                                                                                        
 are also offering the opportunity to purchase, if the purchaser so chooses and in lieu of Units, 79,787,234 Pre-Funded Units              
 to purchasers whose purchase of Units in this offering would otherwise result in the purchaser, together with its affiliates and          
 certain related parties, beneficially owning more than 4.99% (or, at the election of the purchaser, 9.99%) of our outstanding common      
 stock immediately following the consummation of this offering. Each Pre-Funded Unit consists of: (i) one Pre-Funded Warrant exercisable   
 for one share of common stock; (ii) one Series A Warrant; and (iii) one Series B Warrant. The purchase price of each Pre-Funded           
 Unit is equal to the price per Unit being sold to the public in this offering, minus $0.001, and the exercise price of each Pre-Funded    
 Warrant included in the Pre-Funded Unit is $0.001 per share. The Pre-Funded Warrants will be immediately exercisable and may be exercised 
 at any time until all of the Pre-Funded Warrants are exercised in full. For each Pre-Funded Unit we sell, the number of Units we          
 are offering will be decreased on a one-for-one basis. Because we will issue one Series A Warrant and one Series B Warrant as part        
 of each Unit or Pre-Funded Unit, the number of Warrants sold in this offering will