Digital Ally Faces Delisting Concerns
Ticker: KUST · Form: 8-K · Filed: Jan 3, 2025 · CIK: 1342958
Sentiment: bearish
Topics: delisting, compliance, listing-standards
TL;DR
Digital Ally might get kicked off the exchange - big trouble ahead.
AI Summary
Digital Ally, Inc. filed an 8-K on January 3, 2025, reporting a notice of delisting or failure to satisfy continued listing rules. The company is based in Lenexa, KS, and its fiscal year ends on December 31st. This filing indicates potential issues with the company's compliance with stock exchange listing standards.
Why It Matters
This filing signals potential financial distress or non-compliance with exchange rules, which could lead to the company's stock being delisted, impacting its liquidity and investor confidence.
Risk Assessment
Risk Level: high — A notice of delisting or failure to meet listing standards is a severe indicator of financial instability and potential bankruptcy.
Key Players & Entities
- Digital Ally, Inc. (company) — Registrant
- January 2, 2025 (date) — Earliest event reported
- January 3, 2025 (date) — Filing date
- Lenexa, KS (location) — Principal Executive Offices
FAQ
What specific listing rule or standard has Digital Ally, Inc. failed to satisfy?
The filing does not specify the exact rule or standard that Digital Ally, Inc. has failed to satisfy, only that a notice of delisting or failure to satisfy a continued listing rule or standard has been issued.
What is the date of the earliest event reported in this 8-K filing?
The date of the earliest event reported is January 2, 2025.
What is the Commission File Number for Digital Ally, Inc.?
The Commission File Number for Digital Ally, Inc. is 001-33899.
Where are Digital Ally, Inc.'s principal executive offices located?
Digital Ally, Inc.'s principal executive offices are located at 14001 Marshall Drive, Lenexa, KS 66215.
What is the IRS Employer Identification Number for Digital Ally, Inc.?
The IRS Employer Identification Number for Digital Ally, Inc. is 20-0064269.
Filing Stats: 1,114 words · 4 min read · ~4 pages · Grade level 15.7 · Accepted 2025-01-03 16:05:20
Key Financial Figures
- $0.001 — nge on which registered Common stock, $0.001 par value DGLY The Nasdaq Capital M
- $2,448,310 — the Company's stockholders' equity of ($2,448,310), as reported in the Company's Quarterl
- $2.5 m — 2024, was below the required minimum of $2.5 million, and the Company did not meet eit
- $35 million — value of listed securities of at least $35 million or net income from continuing operation
- $500,000 — from continuing operations of at least $500,000 in the most recently completed fiscal y
Filing Documents
- form8-k.htm (8-K) — 44KB
- 0001493152-25-000238.txt ( ) — 215KB
- dgly-20250102.xsd (EX-101.SCH) — 3KB
- dgly-20250102_lab.xml (EX-101.LAB) — 33KB
- dgly-20250102_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: January 3, 2025 Digital Ally, Inc. By: /s/ Stanton E. Ross Name: Stanton E. Ross Title: Chief Executive Office