Digital Ally, Inc. - Common Stock (DGLY)

With cybersecurity risks reaching unprecedented levels—amplified by the recent Signal app breach impacting White House officials and large-scale cyberattacks on X (formerly Twitter) —government agencies and private enterprises are issuing urgent warnings. The FBI has raised red flags about vulnerabilities within the digital infrastructure that powers our financial systems, healthcare networks, and personal communications. Additionally, The fusion of cybersecurity vulnerabilities and healthcare data breaches is putting patient records, financial data, and personal identities in the crosshairs. According to the Department of Health and Human Services (HHS), over 100 million healthcare records were compromised in 2024 . This alarming trend has accelerated demand for innovative, compliant, and secure tech solutions across both industries.

Digital Ally (NASDAQ: DGLY), which develops, manufactures and markets advanced video recording products and other critical safety products for a growing variety of industries and organizational functions, has announced the closing of its firm commitment underwritten public offering. The company secured approximately $15.0 million in gross proceeds from the offering, which closed on Feb. 14, 2025. As detailed in the announcement, Digital Ally granted Aegis Capital Corp. a 45-day option to purchase additional shares of common stock and/or warrants to cover over-allotments, if any. Aegis acted as the sole book-running manager for the offering. Sullivan & Worcester LLP acted as counsel to the company, and Kaufman & Canoles, P.C. acted as counsel to Aegis.

MIAMI, FL and KANSAS CITY, KS, Sept. 04, 2024 (GLOBE NEWSWIRE) -- Clover Leaf Capital Corp. (Nasdaq: CLOE) (“CLOE” or “Clover Leaf”), a publicly traded special purpose acquisition company, and Digital Ally, Inc. (Nasdaq: DGLY) (“Digital Ally”) today announced that its special meeting of its stockholders in lieu of its 2024 Annual Meeting of Stockholders (the “Meeting” ) to approve its proposed initial business combination has been further postponed to 10:00 a.m., Eastern Time on Tuesday, September 17, 2024. At the meeting, stockholders of Clover Leaf will be asked to vote on proposals to approve, among other things, its proposed initial business combination (the “Business Combination”) with Kustom Entertainment, Inc., a Nevada corporation (“Kustom Entertainment” or the “Company”), pursuant to an Agreement and Plan of Merger (as amended, the “Merger Agreement”), by and among Clover Leaf, CL Merger Sub, Inc., a Nevada corporation and a wholly-owned subsidiary of Clover Leaf (“Merger Sub”), Yntegra Capital Investments LLC, a Delaware limited liability company, in the capacity as the Purchaser Representative (as defined in the Merger Agreement) and Digital Ally, Inc., a Nevada corporation and the sole stockholder of the Company (“Digital Ally”). There is no change to the location, the record date, the purpose or any of the proposals to be acted upon at the Meeting.

Digital Ally, Inc. (NASDAQ: DGLY) is one of today’s top gainers. The company’s shares are currently up 23.43% on the day to $4.9.

Digital Ally (NASDAQ: DGLY) is a leading provider of video solutions that develops, manufactures, and markets advanced video recording products and other critical safety products for law enforcement, emergency management, fleet safety and event security. The company recently announced the closing of a private placement with certain institutional investors. The transactions resulted in aggregate gross cash proceeds of approximately $2.9 million before deductions. Digital Ally intends to use the net proceeds from the private placement for inventory purchases, artist costs for upcoming festivals, transaction cost, expanded sales, marketing and general working capital. The company issued an aggregate of 1,195,219 units at an effective unit price of $2.51 per unit. Each unit consisted of one share of common stock (or one pre-funded warrant in lieu thereof), one Series A warrant exercisable for one share of common stock at an initial exercise price of $2.51 per share and one Series B warrant at an exercise price of $0.001 to purchase such number of shares of common stock as will be determined on the Reset Date (as defined in the Series B warrant). The private placement closed on June 25, 2024, with Aegis Capital Corp. acting as the Exclusive Placement Agent.

KANSAS CITY, KS and MIAMI, FL, Oct. 04, 2023 (GLOBE NEWSWIRE) -- Digital Ally, Inc. (Nasdaq: DGLY) (“Digital Ally”) and Clover Leaf Capital Corp. (Nasdaq: CLOE) (“CLOE”), a publicly traded special purpose acquisition company, today announced the filing of a registration statement by CLOE on Form S-4 (the “Registration Statement”) with the U.S. Securities and Exchange Commission (“SEC”), which contains a preliminary proxy statement and prospectus in connection with the proposed business combination (the “Business Combination”), announced June 2, 2023, with Kustom Entertainment, Inc. (“Kustom Entertainment”), a wholly-owned subsidiary of Digital Ally.

Digital Ally, Inc. (NASDAQ: DGLY) is one of today’s top gainers. The company’s shares are currently up 3.67% on the day to $2.54.

Digital Ally, Inc. (NASDAQ: DGLY) has caught the attention of the investment community today with its bullish price action. The company’s shares are currently up 1.42% on the day to $3.57.

ORLANDO, FL / ACCESSWIRE / February 17, 2023 / RedChip Companies will air new interviews with Rail Vision Ltd. (Nasdaq:RVSN), Aridis Pharmaceuticals, Inc. (Nasdaq:ARDS), and Digital Ally, Inc. (NASDAQ:DGLY) on The RedChip Money Report® on Bloomberg TV, this Saturday, February 18, at 7 p.m. Eastern Time (ET). Bloomberg TV is available in an estimated 73 million homes across the U.S.

ORLANDO, FL / ACCESSWIRE / February 3, 2023 / RedChip Companies will air a new interview with Digital Ally, Inc. (NASDAQ:DGLY) (the "Company"), which develops, manufactures, and markets advanced video recording products and other critical safety products for law enforcement, emergency management, fleet safety and event security, on The RedChip Money Report® on Bloomberg TV, this Saturday, February 4, at 7 p.m. Eastern Time (ET). Bloomberg TV is available in an estimated 73 million homes across the U.S.

ORLANDO, FL / ACCESSWIRE / January 20, 2023 / RedChip Companies will air a new interview with Digital Ally, Inc. (NASDAQ:DGLY) (the "Company") on The RedChip Money Report® on Bloomberg TV, this Saturday, January 21, at 7 p.m. Eastern Time (ET). Bloomberg TV is available in an estimated 73 million homes across the U.S.

Lenexa, KS, Dec. 08, 2022 (GLOBE NEWSWIRE) -- Digital Ally, Inc. (NASDAQ: DGLY) (the “Company”) today announced that its Board of Directors has unanimously approved a plan to pursue a separation into two independent, publicly-traded companies to optimize investment and capital allocation, accelerate growth, and unlock shareholder value. Upon completion, the Company’s stockholders will own equity in two focused and streamlined businesses that are both leaders in their respective industries and well-positioned for continued success:

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Lenexa, KS, Oct. 13, 2022 (GLOBE NEWSWIRE) -- Digital Ally, Inc. (NASDAQ: DGLY) (the “Company”), today announced that it has entered into a securities purchase agreement with certain institutional investors to purchase 1,400,000 shares of Series A convertible redeemable preferred stock and 100,000 shares of Series B convertible redeemable preferred stock. Each share of Series A and Series B preferred stock has a purchase price of $9.50, representing an original issue discount of 5% of the $10.00 stated value of each share. Each share of Series A and Series B preferred stock is convertible into shares of the Company’s common stock at an initial conversion price of $1.00 per share. Shares of the Series A and Series B preferred stock are convertible at the option of the holder at any time following the Company’s receipt of stockholder approval of an amendment to the Company articles of incorporation to increase the number of shares of common stock that the Company is authorized to issue. The Company and the holders of the Series A and Series B preferred stock also entered into a registration rights agreement to register the resale of the shares of common stock issuable upon conversion of the Series A and Series B preferred stock. Total gross proceeds from the offerings, before deducting discounts, placement agent’s fees and other estimated offering expenses, is $15.0 million.

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