IPO - DIGITAL ALLY, INC.

Form Type: 8-K

Filing Date: 2025-02-13

Corporate Action: Ipo

Type: New

Accession Number: 000149315225006267

Filing Summary: On February 13, 2025, Digital Ally, Inc. announced through a press release the pricing of a firm commitment underwritten public offering. This offering is significant as it marks the company's efforts to raise capital, and a special meeting of the stockholders has been scheduled for February 14, 2025, to approve matters related to the Offering. The press release detailing this offering is attached as Exhibit 99.1 to the report.

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Form Type: S-1/A

Filing Date: 2025-02-11

Corporate Action: Ipo

Type: Update

Accession Number: 000149315225005949

Filing Summary: Digital Ally, Inc. filed an amendment to their Form S-1 registration statement, primarily to update their financial statements and provide additional information about their business operations. The update includes recent quarterly financial results and adjustments to previously reported figures. Notably, the company aims to raise capital for its operations through the public offering of shares, with the offering price to be determined. This filing reflects the company’s strategy for growth through public funding, indicating their ongoing development in their operational sectors and recent performance metrics.

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Form Type: CORRESP

Filing Date: 2025-02-10

Corporate Action: Ipo

Type: New

Accession Number: 000149315225005760

Filing Summary: Digital Ally, Inc. has filed a request to accelerate the effective date of their Registration Statement on Form S-1. The company seeks this effective status for February 12, 2025, to facilitate the proposed sale of securities. The request includes an acknowledgment of their responsibilities under the Securities Act and the Securities Exchange Act. The company has designated Sullivan & Worcester LLP as their counsel for this matter, with specific contact information for confirmation upon the statement’s effectiveness.

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Form Type: S-1/A

Filing Date: 2025-02-10

Corporate Action: Ipo

Type: Update

Accession Number: 000149315225005481

Filing Summary: Digital Ally, Inc. is filing Amendment No. 2 to its Registration Statement on Form S-1 for the purpose of including exhibits related to their upcoming Initial Public Offering (IPO). The exhibits filed include forms of various warrants and an opinion from legal counsel. The registration statement is amended to delay its effective date until further notice. The filing indicates compliance with the requirements for the delayed offering as outlined under the Securities Act of 1933. This amendment does not introduce changes to the original registration statement, except for the inclusion of the new exhibits.

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Form Type: S-1/A

Filing Date: 2025-02-06

Corporate Action: Ipo

Type: Update

Accession Number: 000149315225005144

Filing Summary: Digital Ally, Inc. has submitted an amendment to its Form S-1 registration statement, reflecting updates related to its initial public offering (IPO). This amendment includes details regarding changes in financial information, terms of the offering, and risk factors associated with the proposed public sale of common stock. The document outlines the company's business model, its competitive landscape, and the use of proceeds from the IPO. Financial statements for the past several fiscal years are provided, alongside projected growth metrics and strategic initiatives aimed at expanding market reach. The amendment emphasizes the company’s commitment to compliance with regulatory requirements and the enhancement of shareholder value.

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Form Type: S-1

Filing Date: 2025-01-24

Corporate Action: Ipo

Type: New

Accession Number: 000149315225003451

Filing Summary: DIGITAL ALLY, INC. has filed a registration statement on Form S-1 with the SEC as it seeks to offer shares in an initial public offering (IPO). The filing includes updated financial metrics, anticipated use of proceeds from the offering, and descriptions of the company's business operations and market strategies. The document outlines the company’s growth potential, competitive advantages in their sector, and future objectives for expanding their product lines and market presence. The filing date is January 24, 2025, which indicates that the company is aiming to enter the public market for the first time.

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Form Type: CORRESP

Filing Date: 2025-01-21

Corporate Action: Ipo

Type: New

Accession Number: 000149315225003020

Filing Summary: Digital Ally, Inc. has submitted a request to the SEC for the acceleration of the effective date of their Registration Statement on Form S-1. The requester seeks to have the registration become effective on January 23, 2025, at 4:15 p.m. Eastern Time. This action indicates the company's intention to proceed with a public offering of securities. The communication emphasizes the Registrant's acknowledgment of its responsibilities under applicable securities laws and protocol for confirming the effective date with their legal counsel.

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Form Type: S-1/A

Filing Date: 2025-01-16

Corporate Action: Ipo

Type: Update

Accession Number: 000149315225002490

Filing Summary: Digital Ally, Inc. filed an amendment to its registration statement on Form S-1 for an IPO, allowing the resale of up to 808,377 shares of common stock by selling stockholders. The shares are registered under a Securities Purchase Agreement dated November 6, 2024. The registration statement is aimed at facilitating the liquidity of these shares in the market, enabling the selling stockholders to offer them at public or negotiated prices. While the company will not receive proceeds from these sales, it is responsible for the registration costs. The common stock is currently traded on the Nasdaq under the symbol 'DGLY,' with a last reported sale price of $0.4230 per share as of January 15, 2025. The prospectus warns investors about associated risks and emphasizes that sales will only occur after the registration statement becomes effective with the SEC. Recent developments include a terminated merger agreement with Clover Leaf Capital Corp. and discussions to sell a majority interest in one of its subsidiaries, Digital Ally Healthcare, Inc. Moreover, the company has encountered compliance issues with Nasdaq due to insufficient stockholders’ equity and continues to be classified as a smaller reporting company.

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Form Type: S-1

Filing Date: 2024-12-30

Corporate Action: Ipo

Type: New

Accession Number: 000149315224052564

Filing Summary: Digital Ally, Inc. filed a Form S-1 registration statement with the SEC to offer and sell up to 808,377 shares of common stock by various selling stockholders. The registration is part of a private placement transaction closed on November 7, 2024, after which Digital Ally is required to use net proceeds to repay existing debts. The company has been navigating a complex financial environment, including amendments to its purchase agreement and corporate governance updates. The company's business segments include video solutions, revenue cycle management, and entertainment. As a smaller reporting company, it seeks to rely on exemptions provided to such firms under the securities laws. Additionally, the company recently terminated a merger agreement, signaling strategic shifts and underscoring the importance of this offering for addressing ongoing operational needs and capital strategies.

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