Company: DGLY
Filing Date: 2025-11-26
Form Type: S-1
Source: 0001493152-25-025056
Chunk: 36

Company: DIGITAL ALLY, INC.
Filing Date: 2025-11-26
Form: S-1
Chunk 36
---
 “June 2024 Purchasers”) for aggregate gross proceeds of approximately $2.9 million, before deducting fees
to the placement agent and other expenses payable by the Company in connection with the June 2024 Private Placement. The Company intends
to use the net proceeds from the June 2024 Private Placement for inventory purchases, artist costs for upcoming festivals, transaction
cost, expanded sales, marketing, partial prepayment of an outstanding note and general working capital. Aegis Capital Corp. (“Aegis”),
acted as the exclusive placement agent for the June 2024 Private Placement, which closed on June 25, 2024. As part of the June 2024 Private
Placement, the Company issued an aggregate of 597 units and pre-funded units (collectively, the “Units”) at a purchase
price of $5,020.02 per unit (less $0.02 per pre-funded unit). Each Unit consists of (i) one share of common stock, par
value $0.001 per share, of the Company (the “Common Stock”) (or one pre-funded warrant to purchase one share of Common Stock
(the “Pre-Funded Warrants”)), (ii) one Series A warrant to purchase one share of Common Stock (the “Series A Warrant”)
and (iii) one Series B warrant to purchase such number of shares of Common Stock as will be determined on the Reset Date (as defined
below) and in accordance with the terms therein (the “Series B Warrant”, and together with the Series A Warrant, the “Warrants”).
The Pre-Funded Warrants are immediately exercisable at an exercise price of $0.02 per share of Common Stock and will not expire
until exercised in full. The Series A Warrants will be exercisable at any time or times on or after the date Stockholder Approval (as
defined in the Series A Warrant) is obtained, have an initial exercise price of $5,020.00 per share of Common Stock and a term
of 5 years after the later of (a) the date that the Company obtains the Stockholder Approval and (b) the earlier of (i) the Resale Effective
Date (as defined in the Registration Rights Agreement (as defined below)) registering all of the Registerable Securities (as defined
in the Registration Rights Agreement) or (ii) the date that the Registerable Securities can be sold, assigned or transferred without
restriction or limitation pursuant to Rule