Digital Ally 8-K: Loan Obligation Accelerated
Ticker: KUST · Form: 8-K · Filed: Nov 4, 2024 · CIK: 1342958
Sentiment: neutral
Topics: debt, loan, obligation
TL;DR
Digital Ally's loan just got more expensive or due sooner.
AI Summary
On October 29, 2024, Digital Ally, Inc. filed an 8-K report to disclose a triggering event that accelerates or increases a direct financial obligation. The company is obligated under a loan agreement with a principal amount of $1,000,000. This event may impact the company's financial obligations.
Why It Matters
This filing indicates a potential acceleration or increase in Digital Ally's financial obligations under a loan, which could impact its liquidity and financial health.
Risk Assessment
Risk Level: medium — The acceleration or increase of a financial obligation can signal financial distress or increased debt burden for the company.
Key Numbers
- $1.0M — Loan Principal (This is the amount of the direct financial obligation that has been triggered.)
Key Players & Entities
- Digital Ally, Inc. (company) — Registrant
- $1,000,000 (dollar_amount) — Principal amount of loan obligation
- October 29, 2024 (date) — Date of earliest event reported
FAQ
What specific event triggered the acceleration or increase of the financial obligation?
The filing states that the triggering event is related to a direct financial obligation under a loan agreement with a principal amount of $1,000,000, but the specific details of the event are not provided in this excerpt.
What is the nature of the loan agreement mentioned?
The filing mentions a loan agreement with a principal amount of $1,000,000, but further details about the lender or terms are not included in this excerpt.
When did this triggering event occur?
The earliest event reported in this filing occurred on October 29, 2024.
What is the principal amount of the financial obligation?
The principal amount of the financial obligation is $1,000,000.
What is the company's principal executive office address?
The company's principal executive offices are located at 14001 Marshall Drive, Lenexa, KS 66215.
Filing Stats: 697 words · 3 min read · ~2 pages · Grade level 13.1 · Accepted 2024-11-04 17:10:29
Key Financial Figures
- $0.001 — nge on which registered Common stock, $0.001 par value DGLY The Nasdaq Capital M
- $100,000 — among other reasons, failing to make a $100,000 payment that was due on October 10, 202
- $1,600,000 — Company under the Note is approximately $1,600,000. Also as previously disclosed, on Oct
Filing Documents
- form8-k.htm (8-K) — 37KB
- 0001493152-24-043543.txt ( ) — 207KB
- dgly-20241029.xsd (EX-101.SCH) — 3KB
- dgly-20241029_lab.xml (EX-101.LAB) — 33KB
- dgly-20241029_pre.xml (EX-101.PRE) — 24KB
- 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: November 4, 2024 Digital Ally, Inc. By: /s/ Stanton E. Ross Name: Stanton E. Ross Title: Chairman and Chief Executive Officer