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

Core Viewpoint - Digital Ally, Inc. has successfully closed a public offering, raising approximately $15.0 million in gross proceeds before expenses [1]. Group 1: Offering Details - The offering consisted 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 was set at$0.15, while the Pre-Funded Units were priced at $0.149 [2]. - The Series A Warrant has an exercise price of$0.1875 and expires five years after stockholder approval, while the Series B Warrant has an exercise price of $0.30 and expires 2.5 years after stockholder approval [2]. Group 2: Over-Allotment Option - Aegis Capital Corp. was granted a 45-day option to purchase additional shares and warrants, allowing for up to 15.0% of the number of shares sold in the offering [3]. - On February 14, 2025, Aegis exercised its over-allotment option for 15,000,000 Series A Warrants and 15,000,000 Series B Warrants [3]. Group 3: Legal and Regulatory Information - The offering was conducted under a registration statement on Form S-1, which was declared effective by the SEC on February 12, 2025 [4]. - A final prospectus detailing the terms of the offering will be filed with the SEC and made available on their website [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 [6]. - The company is focused on growth through innovation and organizational synergies, continuously adding organizations with positive earnings and growth potential [6].