Digital Ally Files S-1/A Amendment

TL;DR

DIGITAL ALLY INC filed an S-1/A. Watch for potential stock moves.

AI Summary

Digital Ally, Inc. filed an S-1/A amendment on January 16, 2025, for its registration statement. The company, incorporated in Nevada, is based in Lenexa, KS, and operates in the Radio & TV Broadcasting & Communications Equipment sector. Stanton E. Ross is the CEO.

Why It Matters

This filing indicates ongoing regulatory activity and potential future stock offerings or changes in the company's capital structure, which could impact investors.

Risk Assessment

Risk Level: medium — S-1/A filings often precede significant corporate actions like stock offerings, which can introduce volatility.

Key Numbers

• 333-284092 — SEC File Number (Identifies the specific registration filing with the SEC.)
• 3663 — SIC Code (Indicates the company operates in the Radio & TV Broadcasting & Communications Equipment industry.)

Key Players & Entities

• DIGITAL ALLY, INC. (company) — Registrant
• January 16, 2025 (date) — Filing Date
• Nevada (jurisdiction) — State of Incorporation
• Lenexa, KS (location) — Principal Business Address
• Stanton E. Ross (person) — Chief Executive Officer
• Sullivan & Worcester LLP (company) — Legal Counsel

FAQ

Key Financial Figures

• $0.001 — res”), of common stock, par value $0.001 per share (“common stock”),
• $0.4230 — rted sale price of our common stock was $0.4230 per share. Investing in our common st
• $2,448,310 — ’s stockholders’ equity of ($2,448,310), as reported in the Company’s Qu
• $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
• $700 million — ock held by non-affiliates is less than $700 million and our annual revenue was less than $1
• $100 million — on and our annual revenue was less than $100 million during our most recently completed fisc
• $250 million — ock held by non-affiliates is less than $250 million measured on the last business day of ou
• $3.0 m — gregate gross proceeds of approximately $3.0 million, before deducting fees to the pla
• $3,600,000 — notes in aggregate principal amount of $3,600,000 (the “Notes”), and (ii) 808
• $2,015,623 — ompany is required to use approximately $2,015,623 of the net proceeds from the Private Pl
• $653,627 — ates that the remaining net proceeds of $653,627 from the Private Placement after repaym

Filing Documents

• forms-1a.htm (S-1/A) — 803KB
• ex23-1.htm (EX-23.1) — 4KB
• forms-1_001.jpg (GRAPHIC) — 12KB
• 0001493152-25-002490.txt ( ) — 824KB

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 23 DIVIDEND POLICY 30 DESCRIPTION OF SECURITIES THAT THE SELLING STOCKHOLDERS ARE OFFERING 31 PLAN OF DISTRIBUTION 32 DISCLOSURE OF COMMISSION POSITION ON INDEMNIFICATION FOR SECURITIES ACT LIABILITY 33 LEGAL MATTERS 33 EXPERTS 33 WHERE YOU CAN FIND MORE INFORMATION 33 INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE 34 i ABOUT THIS PROSPECTUS This prospectus describes the general manner in which the Selling Stockholders may offer from time to time up to 808,377 Shares issued directly to the Selling Stockholders pursuant to the Purchase Agreement. You should rely only on the information contained in this prospectus and the related exhibits, any prospectus supplement or amendment thereto and the documents incorporated by reference, or to which we have referred you, before making your investment decision. Neither we nor the Selling Stockholders have authorized anyone to provide you with different information. If anyone provides you with different or inconsistent information, you should not rely on it. This prospectus, any prospectus supplement or amendments thereto do not constitute an offer to sell, or a solicitation of an offer to purchase, the Shares offered by this prospectus, any prospectus supplement or amendments thereto in any jurisdiction to or from any person to whom or from whom it is unlawful to make such offer or solicitation of an offer in such jurisdiction. You should not assume that the information contained in this prospectus, any prospectus supplement or amendments thereto, as well as information we have previously filed with the U.S. Securities and Exchange Commission, or the SEC, is accurate as of any date other than the date on the front cover of the applicable document. If necessary, the specific manner in which the Shares may be offered and sold will be described in a supplement to this prospectus, which supplement may also add, update or change any of the information contained in this prosp

View Full Filing

View this S-1/A filing on SEC EDGAR