Digital Ally, Inc. Files 8-K for Material Agreement
Ticker: KUST · Form: 8-K · Filed: Jun 28, 2024 · CIK: 1342958
Sentiment: neutral
Topics: material-agreement, equity-sale, filing
Related Tickers: DGLY
TL;DR
Digital Ally (DGLY) filed an 8-K on 6/24 for a material agreement, likely equity related.
AI Summary
On June 24, 2024, Digital Ally, Inc. entered into a Material Definitive Agreement related to the unregistered sale of equity securities. The company also reported other events and filed financial statements and exhibits.
Why It Matters
This filing indicates a significant transaction for Digital Ally, Inc., potentially involving new equity financing or a strategic partnership, which could impact its financial structure and future operations.
Risk Assessment
Risk Level: medium — The filing concerns a material definitive agreement and unregistered sales of equity, which can introduce financial and regulatory risks.
Key Players & Entities
- Digital Ally, Inc. (company) — Registrant
- June 24, 2024 (date) — Date of earliest event reported
FAQ
What is the nature of the Material Definitive Agreement filed by Digital Ally, Inc. on June 24, 2024?
The filing indicates an "Entry into a Material Definitive Agreement" and "Unregistered Sales of Equity Securities," suggesting the agreement is related to the issuance or sale of equity.
What is the company's principal executive office address?
The company's principal executive offices are located at 14001 Marshall Drive, Lenexa, KS 66215.
What is the Commission File Number for Digital Ally, Inc.?
The Commission File Number for Digital Ally, Inc. is 001-33899.
In which state is Digital Ally, Inc. incorporated?
Digital Ally, Inc. is incorporated in Nevada.
What is the SIC code for Digital Ally, Inc.?
The Standard Industrial Classification (SIC) code for Digital Ally, Inc. is 3663, which corresponds to RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT.
Filing Stats: 4,471 words · 18 min read · ~15 pages · Grade level 18.1 · Accepted 2024-06-28 16:43:25
Key Financial Figures
- $0.001 — nge on which registered Common stock, $0.001 par value DGLY The Nasdaq Capital M
- $2.9 m — gregate gross proceeds of approximately $2.9 million, before deducting fees to the pla
- $2.51 — ly, the "Units") at a purchase price of $2.51 per unit (less $0.0001 per pre-funded u
- $0.0001 — purchase price of $2.51 per unit (less $0.0001 per pre-funded unit). Each Unit consist
- $0.502 — ing days, subject to a pricing floor of $0.502 per share of Common Stock (the "Floor P
- $50,000 — al counsel up to an aggregate amount of $50,000. Pursuant to the Placement Agent Agreem
Filing Documents
- form8-k.htm (8-K) — 84KB
- ex2-1.htm (EX-10.4) — 29KB
- ex4-1.htm (EX-4.1) — 194KB
- ex4-2.htm (EX-4.2) — 159KB
- ex4-3.htm (EX-4.3) — 139KB
- ex10-1.htm (EX-10.1) — 323KB
- ex10-2.htm (EX-10.) — 202KB
- ex10-3.htm (EX-10.3) — 102KB
- ex10-4.htm (EX-10.4) — 25KB
- ex10-3_001.jpg (GRAPHIC) — 5KB
- ex10-3_002.jpg (GRAPHIC) — 2KB
- 0001493152-24-025635.txt ( ) — 1677KB
- dgly-20240624.xsd (EX-101.SCH) — 3KB
- dgly-20240624_lab.xml (EX-101.LAB) — 33KB
- dgly-20240624_pre.xml (EX-101.PRE) — 22KB
- form8-k_htm.xml (XML) — 3KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: June 28, 2024 Digital Ally, Inc. By: /s/ Stanton E. Ross Name: Stanton E. Ross