Company: DGLY
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021680
Chunk: 141

Company: DIGITAL ALLY, INC.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 8
Chunk 141
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, the Company, acting pursuant to authority received at a special meeting of its stockholders on May 6, 2025, filed with
the Secretary of State of the State of Nevada a certificate of amendment (the “May 22, 2025 Charter Amendment”) to its articles
of incorporation, as amended, to effect a one (1)-for-one hundred (100) share reverse split (the “May 22, 2025 Reverse Stock Split”)
of all of the Company’s outstanding shares of Common Stock, par value $0.001 per share. Pursuant to the May 22, 2025 Charter Amendment,
the Reverse Stock Split became effective at 5:30 p.m. Eastern Time on May 22, 2025. As a result of the May 22, 2025 Reverse Stock Split,
every one hundred (100) shares of Common Stock were exchanged for one (1) share of Common Stock. The Common Stock will begin trading
on a split-adjusted basis on Nasdaq effective with the open of the market on Friday, May 23, 2025. The May 22, 2025 Reverse Stock Split
did not affect the total number of shares of capital stock, including the Common Stock, that the Company is authorized to issue, which
remain as set forth pursuant to the Articles of Incorporation. No fractional shares of Common Stock were issued in connection with the
May 22, 2025 Reverse Stock Split. Stockholders who otherwise were entitled to receive fractional shares of Common Stock were automatically
entitled to receive an additional fraction of a share of Common Stock to round up to the next whole share, at a participant level. The
May 22, 2025 Reverse Stock Split also had a proportionate effect on all other options and warrants of the Company outstanding as of the
effective date of the May 22, 2025 Reverse Stock Split. All historical share and per-share amounts reflected throughout the Company’s
condensed consolidated financial statements and other financial information in this Report have been adjusted to reflect the May 22,
2025 Reverse Stock Split as if the split occurred as of the earliest period presented. The par value per share of the Company’s
Common Stock was not affected by the May 22, 2025 Reverse Stock Split.

    7

The
following is a summary of the Company’s Significant Accounting Policies:

Basis
of Presentation:

The
unaudited condensed consolidated financial statements have been prepared in accordance with