Digital Ally, Inc. Announces Pricing of $15.0 Million Underwritten Public Offering

Core Viewpoint - Digital Ally, Inc. has announced a public offering expected to generate approximately $15.0 million in gross proceeds, aimed at supporting its operations and growth initiatives [1][4]. Group 1: Offering Details - The offering consists of 100,000,000 Common Units, each including one share of Common Stock or one Pre-Funded Warrant, along with Series A and Series B Registered Common Warrants [2]. - The public offering price per Common Unit is set at$0.15, with Pre-Funded Units priced at $0.149 [2]. - The Series A Warrants have an exercise price of$0.1875 and expire five years after stockholder approval, while Series B Warrants have an exercise price of $0.300 and expire 2.5 years after stockholder approval [2]. Group 2: Underwriting and Closing - Aegis Capital Corp. is the sole book-running manager for the offering, with a 45-day option to purchase additional shares and warrants to cover over-allotments [3][5]. - The transaction is expected to close on or about February 14, 2025, pending customary closing conditions [4]. Group 3: Use of Proceeds - The net proceeds from the offering, along with existing cash, will be utilized for general corporate purposes and working capital [4]. Group 4: Company Overview - Digital Ally, Inc. specializes in video solution technology and safety products across various sectors, including law enforcement and emergency management [1][8]. - The company is focused on growth through innovation and strategic acquisitions of organizations with positive earnings and growth potential [8].