Digital Ally Files S-1 for Securities Registration

TL;DR

Digital Ally just filed an S-1, looks like they're prepping to sell more stock.

AI Summary

Digital Ally, Inc. filed an S-1 registration statement on December 30, 2024, to register securities under the Securities Act of 1933. The company, incorporated in Nevada with its principal executive offices in Lenexa, Kansas, is involved in the Radio & TV Broadcasting & Communications Equipment industry. This filing indicates a potential offering of new securities, though specific details on the amount or type of securities are not yet provided in this excerpt.

Why It Matters

This S-1 filing signals Digital Ally's intent to raise capital or restructure its equity, which could impact its stock price and future operations.

Risk Assessment

Risk Level: medium — S-1 filings often precede stock offerings, which can dilute existing shares or signal financial needs, introducing uncertainty.

Key Numbers

• 333-284092 — SEC File Number (Identifies the specific SEC registration)
• 0001342958 — Central Index Key (Unique identifier for Digital Ally, Inc. in SEC filings)

Key Players & Entities

• DIGITAL ALLY, INC. (company) — Registrant
• 20241230 (date) — Filing Date
• Nevada (jurisdiction) — State of Incorporation
• Lenexa, KS (location) — Principal Executive Offices
• 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”),
• $0.5280 — rted sale price of our common stock was $0.5280 per share. Investing in our common st
• $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

Filing Documents

• forms-1.htm (S-1) — 461KB
• ex5-1.htm (EX-5.1) — 16KB
• ex23-1.htm (EX-23.1) — 4KB
• ex107.htm (EX-FILING FEES) — 24KB
• forms-1_001.jpg (GRAPHIC) — 12KB
• ex5-1_001.jpg (GRAPHIC) — 18KB
• ex5-1_002.jpg (GRAPHIC) — 6KB
• 0001493152-24-052564.txt ( ) — 554KB

From the Filing

filed with the U.S. Securities and Exchange Commission December 30, 2024 Registration No. 333- UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1 REGISTRATION UNDER THE SECURITIES ACT OF 1933 DIGITAL ALLY, INC. (Exact name of registrant as specified in its charter) Nevada 3663 20-0064269 (State or other jurisdiction of incorporation or organization) (Primary (I.R.S. Employer Identification Number) Digital Ally, Inc. 14001 Marshall Drive Lenexa, KS 66215 (913) 841-7774 (Address, including zip code, and telephone number, including area code, of registrant’s principal executive offices) Stanton E. Ross Chief Executive Officer Digital Ally, Inc. 14001 Marshall Drive Lenexa, KS 66215 (913) 841-7774 (Name, address including zip code, and telephone number, including area code, of agent for service) With copies to: David E. Danovitch, Esq. Joseph E. Segilia, Esq. Aaron M. Schleicher, Esq. Sullivan & Worcester LLP 1251 Avenue of the Americas New York, NY 10020 (212) 660-3060 Approximate date of commencement of proposed sale to the public: From time to time after the effective date of this registration statement. If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, check the following box: If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, please check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. If this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. If this Form is a post-effective amendment filed pursuant to Rule 462(d) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filer Accelerated reporting company 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 7(a)(2)(B) of the Securities Act. The registrant hereby amends this registration statement on such date or dates as may be necessary to delay its effective date until the registrant shall file a further amendment which specifically states that this registration statement shall thereafter become effective in accordance with Section 8(a) of the Securities Act of 1933, as amended, or until the registration statement shall become effective on such date as the Securities and Exchange Commission, acting pursuant to said Section 8(a), may determine. The information in this prospectus is not complete and may be changed. These securities may not be sold until the registration statement filed with the Securities and Exchange Commission is effective. This prospectus is not an offer to sell these securities and it is not soliciting an offer to buy these securities in any state where the offer or sale is not permitted. PRELIMINARY PROSPECTUS DATED DECEMBER 30, 2024 Digital Ally, Inc. Up to 808,377 Shares of Common Stock This prospectus relates to the offer and resale by the selling stockholders (the “Selling Stockholders”) identified herein of up to an aggregate of 808,377 shares (the “Shares”), of common stock, par value $0.001 per share (“common stock”), of Digital Ally, Inc. (the “Company”, “we”, “us” or “our”), issued pursuant to that certain Securities Purchase Agreement, dated November 6, 2024, by and between the Company and the Selling Stockholders (such agreement, the “Purchase Agreement”). For additional information regarding the issuance of the Shares to the Selling Stockholders, see “The Private Placement” beginning on page 5 of this prospectus. The Shares will be resold from time to time by the Selling Stockholders listed in the section titled “Selling Stockholders” beginning on page 21. The Selling Stockholders, or their respective transferees, pledgees, donees or other successors-in-interest, will sell the Shares th

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