Company: DGLY
Filing Date: 2025-02-06
Form Type: S-1/A
Source: 0001493152-25-005144
Chunk: 133

Company: DIGITAL ALLY, INC.
Filing Date: 2025-02-06
Form: S-1/A
Chunk 133
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 30, 2024, before giving effect to this offering                                         |     |   |  0.1880 
 (1.4304 | ) |
|:--------------------------------------------------------------------------------------------------|:----|:--|--------:|:--|
| Increase in pro forma net tangible book value (deficit) per share attributable                    
 to new investors in this offering                                                                 |     | $ |  1.3287 |   |
| Pro forma as adjusted net tangible book value (deficit) per share, after this offering            |     | $ | (0.1017 | ) |
| Dilution to pro forma as adjusted net tangible book value per share to investors in this offering |     | $ | (0.2897 | ) |

The information above assumes that the underwriter
does not exercise its over-allotment option. If the underwriter exercises its over-allotment option solely for common stock
in full, the pro forma as adjusted net tangible book value (deficit) for the offering will increase to $(0.0827) per share, representing
an immediate increase to existing shareholders of $1.3477 per share and an immediate dilution of $0.2707 per share to new investors.

To the extent that our outstanding warrants are exercised, you could experience further dilution. To the extent that we raise additional capital through the sale of additional equity, the issuance of any of our shares of common stock could result in further dilution to our stockholders.

| 83 |

<div align='center'>EXECUTIVE COMPENSATION</div>

The following table presents information concerning the total compensation of the Company’s Chief Executive Officer, Chief Financial Officer and Chief Operating Officer (“COO”) (collectively, the “Named Executive Officers”) for services rendered to the Company in all capacities for the years ended December 31, 2024 and 2023:

<div align='center'>Summary Compensation Table</div>

| Name and principal position  |     | Year |      |     | Salary 
 ($)    |         |     | Bonus 
 ($)   |   |     | Stock awards ($) |        |    |     | Option awards ($) (1) |   |     | All other compensation ($) (2) |        |     | Total ($) |         |
|:-----------------------------|:----|:-----|-----:|:----|:-------|--------:|:----|:------|:--|:----|:-----------------|-------:|---