Company: DGLY
Filing Date: 2025-08-18
Form Type: 10-Q
Source: 0001641172-25-024667
Chunk: 201

Company: DIGITAL ALLY, INC.
Filing Date: 2025-08-18
Form: 10-Q
Item: Part I, Item 8
Chunk 201
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 granted the Company’s request for continued listing on the Nasdaq Exchange. Such decision is subject to the
Company meeting and maintaining the following conditions:

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    On or before May 2, 2025, the Company shall file Form 10-K for 2024 in compliance with Listing Rule 5250(c)(1). 

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    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 Minimum Bid Price Requirement. 

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    If, prior to September 2, 2025, the Company becomes non-compliant with any Listing Rule, the Company will be delisted.

The Company has worked diligently to regain and maintain compliance with the Minimum Bid Price Requirement and Stockholders’ Equity
Requirement as promptly as possible. In that regard, management believes that it has achieved compliance with the
Stockholders’ Equity Requirement as reported in the accompanying Statement of Stockholders’ Equity (Deficit) as of June
30, 2025. Furthermore, management believes that it has achieved compliance with the Minimum Bid Price Requirement prior to June 6,
2025, as required by the Panel. Management believes that it has met all other requirements as requested by the Panel. There are no
assurances however, that the Company will be able to meet and maintain all such conditions required by the Panel.

Segment Overview

Video Solutions Operating
Segment – Within our video solutions operating segment we supply technology-based products utilizing our portable digital video
and audio recording capabilities for the law enforcement and security industries and for the commercial fleet and mass transit markets.
We can integrate electronic, radio, computer, mechanical, and multi-media technologies to create positive solutions to
our customers’ requests. Our products include: the EVO-HD, DVM-800 and DVM-800 Lite, which are in-car digital video systems for
law enforcement and commercial markets; the FirstVU body-worn camera line, consisting of the FirstVu Pro, FirstVu, and the FirstVU HD;
our patented and revolutionary VuLink product