Digital Ally Reports Material Agreements & Equity Sales

TL;DR

Digital Ally inked new deals, took on debt, and sold stock.

AI Summary

On September 17, 2025, Digital Ally, Inc. reported on several key events. These include entering into a material definitive agreement, creating a direct financial obligation, and unregistered sales of equity securities. The company also filed financial statements and exhibits.

Why It Matters

This filing indicates significant financial activities for Digital Ally, Inc., including new obligations and equity transactions, which could impact its financial structure and future operations.

Risk Assessment

Risk Level: medium — The filing details material definitive agreements, financial obligations, and unregistered equity sales, suggesting potential financial risks and changes in the company's capital structure.

Key Players & Entities

• Digital Ally, Inc. (company) — Registrant
• September 17, 2025 (date) — Date of Report
• September 15, 2025 (date) — Earliest Event Reported

FAQ

Key Financial Figures

• $0.001 — nge on which registered Common Stock, $0.001 par value DGLY The Nasdaq Capital M
• $806,451.61 — aggregate original principal amount of $806,451.61 (the "Notes") and warrants (the "Warran
• $750,000 — ing in gross proceeds to the Company of $750,000. Interest on the note is eight percent
• $2.124 — 476,569 shares at an exercise price of $2.124 per share of the Company's common stock
• $250,000 — ate a second closing of an aggregate of $250,000 of Notes and Warrants on the same terms
• $25,000,000 — sole discretion, up to an aggregate of $25,000,000 (the "Total Commitment") of the shares
• $600,000 — of the ELOC Purchase Notice, and (iii) $600,000 divided by the last closing price on th
• $30,000 — vestor's legal counsel in the amount of $30,000. 6 The ELOC Purchase Agreement will

Filing Documents

• form8-k.htm (8-K) — 81KB
• ex4-1.htm (EX-4.1) — 192KB
• ex4-2.htm (EX-4.2) — 136KB
• ex10-1.htm (EX-10.1) — 361KB
• ex10-2.htm (EX-10.2) — 308KB
• ex10-3.htm (EX-10.3) — 57KB
• ex10-4.htm (EX-10.4) — 33KB
• ex10-5.htm (EX-10.5) — 129KB
• ex10-6.htm (EX-10.6) — 165KB
• ex10-7.htm (EX-10.7) — 31KB
• ex10-8.htm (EX-10.8) — 490KB
• ex10-9.htm (EX-10.9) — 183KB
• 0001493152-25-013877.txt ( ) — 2712KB
• dgly-20250917.xsd (EX-101.SCH) — 3KB
• dgly-20250917_lab.xml (EX-101.LAB) — 33KB
• dgly-20250917_pre.xml (EX-101.PRE) — 22KB
• form8-k_htm.xml (XML) — 3KB

From the Filing

UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): September 17, 2025 (September 15, 2025) DIGITAL ALLY, INC. (Exact name of registrant as specified in its charter) Nevada 001-33899 20-0064269 (State or other jurisdiction of incorporation or organization) (Commission File Number) (I.R.S. Employer Identification Number) 6366 College Blvd. , Overland Park , KS 66211 (Address of Principal Executive Offices) (Zip Code) (913) 814-7774 (Registrant's telephone number, including area code) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, $0.001 par value DGLY The Nasdaq Capital Market Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter). Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Item 1.01 Entry into a Material Definitive Agreement Senior Secured Convertible Note Financing On September 15, 2025, Digital Ally, Inc. (the "Company") entered into and consummated the initial closing (the "First Closing") of the transactions contemplated by a Securities Purchase Agreement, dated as of September 15, 2025 (the "Purchase Agreement"), between the Company and a certain investor (the "Purchaser"). At the First Closing, the Company issued and sold to the Purchaser Senior Secured Convertible Notes in the aggregate original principal amount of $806,451.61 (the "Notes") and warrants (the "Warrants"). The Purchase Agreement provided for seven percent (7%) original interest discount resulting in gross proceeds to the Company of $750,000. Interest on the note is eight percent (8%). The Warrants are exercisable for an aggregate 476,569 shares at an exercise price of $2.124 per share of the Company's common stock, par value $0.001 per share (the "Common Stock"). Subject to applicable limitations as set forth in the Purchase Agreement, the Warrants have an initial exercise date of September 15, 2025, and a termination date on the five-year anniversary of the initial exercise date. Agreement, and while the Notes remain outstanding, the Purchaser and the Company will consummate a second closing of an aggregate of $250,000 of Notes and Warrants on the same terms and conditions as the First Closing. The Notes are convertible into shares of Common Stock at the election of the Purchaser at any time at a conversion price at a ten percent (10%) discount to the volume weighted average price in the five (5) day period prior to the date of closing (the "Conversion Price") per share of Common Stock. The Conversion Price is subject to customary adjustments for stock dividends, stock splits, reclassifications and the like, and subject to price-based adjustment in the event of any issuances of Common Stock, or securities convertible, exercisable or exchangeable for, Common Stock at a price below the then-applicable Conversion Price (subject to certain exceptions). Subject to certain conditions, including certain equity conditions, the Company may redeem some or all of the then outstanding principal amount of the Note for cash in an amount equal to one hundred ten percent (110%) of the outstanding principal amount of the Notes (the "Optional Redemption Amount"). The Notes rank senior to all outstanding and future indebtedness of the Company and its subsidiaries, other than (i) TicketSmarter, Inc., which shall grant a second priority security interest, and (ii) Digital Ally Healthcare, Inc. and Nobility Healthcare, LLC, each of which shall not grant a security interest, and are secured by substantially all of the Company's assets, as evidenced by (i) a Security Agreement entered into at the Closing (the "Security Agreement"), (ii) a Trademark Security Agreement entered into at the Closing (the "Trademark Security Agreement"), (iii) a Patent Security Agreemen

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