Digital Ally, Inc. Receives Notice from Nasdaq Regarding Delayed Quarterly Report Filing

Digital Ally, Inc. (NASDAQ: DGLY) recently disclosed in a Form 8-K filing to the Securities and Exchange Commission (SEC) that it received a notice on November 25, 2024, from the Nasdaq Stock Market LLC (Nasdaq). The notice highlighted the company’s non-compliance with Nasdaq Listing Rule 5250(c)(1) due to the delay in filing its Quarterly Report on Form 10-Q for the period ending September 30, 2024.

According to the notice, Digital Ally has until January 24, 2025, to submit an updated plan to Nasdaq detailing how it intends to regain compliance with the Rule. In addition, an extension of up to 180 calendar days from the due date of the Initial Delinquent Filing, or until May 19, 2025, may be granted for the company to regain compliance with all outstanding filings. Notably, this notification does not have an immediate impact on the listing of Digital Ally’s securities on Nasdaq.

The company reassured stakeholders that it is actively working towards completing its Quarterly Report and aims to submit it promptly to adhere to the Rule requirements. Further outlining its response to the notice, Digital Ally issued a press release on November 27, 2024, in accordance with Nasdaq Listing Rule 5810(b) to inform the public about the situation.

The information shared in the press release, including the notifications and actions taken regarding the NASDAQ notice, is being furnished and is not considered “filed” for purposes of the Securities Exchange Act of 1934, or subject to such liabilities. It clarifies that this information, as well as any attached exhibits, will not be incorporated by reference into any securities filings, except explicitly stated in a future filing referencing this Form 8-K.

As of now, Digital Ally is diligently focused on rectifying its compliance status with Nasdaq and ensuring a return to regular filing procedures in the upcoming year. The company remains committed to meeting its financial reporting requirements and upholding transparency with its investors.

For additional details and updates related to Digital Ally, individuals are encouraged to visit the company’s website at www.digitalally.com.

Disclaimer: This news release may contain forward-looking statements, subject to certain risks and uncertainties. These statements are based on current expectations and assumptions and may differ from actual future results. Readers are advised to review the Company’s periodic filings with the SEC for a comprehensive understanding of associated risks and factors. The Company does not bear any obligation to update these forward-looking statements.

Inquiries:

Stanton Ross, CEO

Tom Heckman, CFO

Digital Ally, Inc.

Phone: 913-814-7774

Email: [email protected]

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Digital Ally’s 8K filing here.

Digital Ally Company Profile

Digital Ally, Inc produces and sells digital video imaging, storage, and disinfectant and related safety products for use in law enforcement, security, and commercial applications in the United States. It operates through three segments: Video Solutions, Revenue Cycle Management, and Entertainment. The company offers in-car digital video mirror systems for law enforcement; in-car digital video event recorder systems for commercial fleets; a suite of data management web-based tools to assist fleet managers in the organization, archival, and management of videos and telematics information; body-worn digital video systems for law enforcement and private security; and VuLink ecosystem that provides intuitive auto-activation functionality as well as coordination between multiple recording devices.