Digital Ally Receives Positive Listing Determination from Nasdaq

Rhea-AI Summary

Digital Ally (NASDAQ: DGLY) has received a positive determination from the Nasdaq Hearings Panel regarding its continued listing on the Nasdaq Stock Market. The company must meet specific criteria to maintain its listing, including achieving $2.5 million in stockholders' equity by May 20, 2025, and maintaining a $1.00 minimum bid price by June 6, 2025. These requirements, along with other listing criteria, must be maintained through September 2, 2025. While the company is working to meet these conditions, there is no guarantee of success.

Positive

• Received positive determination from Nasdaq Hearings Panel for continued listing
• Company granted extension period to meet listing requirements

Negative

• Must achieve $2.5M stockholders' equity requirement by May 20, 2025
• Must maintain $1.00 minimum bid price by June 6, 2025
• Risk of delisting if requirements are not met
• Current stockholders' equity likely below required threshold

Overland Park, KS, May 07, 2025 (GLOBE NEWSWIRE) -- Digital Ally, Inc. (Nasdaq: DGLY) (the “Company”) today reported that by decision dated May 1, 2025, the Nasdaq Hearings Panel (the “Panel”) granted the Company’s request for continued listing on The Nasdaq Stock Market LLC (“Nasdaq”). The Company’s continued listing on Nasdaq is subject to, among other conditions, the Company’s compliance with certain criteria for continued listing on The Nasdaq Capital Market, namely the $2.5 million stockholders’ equity requirement by May 20, 2025, and the $1.00 bid price requirement by June 6, 2025, and the Company’s continued compliance with all other applicable listing criteria through September 2, 2025.

The Company continues to diligently work to evidence compliance with all applicable criteria for continued listing on Nasdaq and timely satisfy the terms of the Panel’s decision. There can be no assurance, however, that the Company will be able to do so.

About Digital Ally

Digital Ally Companies (NASDAQ: DGLY) through its subsidiaries, are engaged in video solution technology, human & animal health protection products, healthcare revenue cycle management, ticket brokering and marketing, event production and jet chartering. Digital Ally continues to add organizations that demonstrate the common traits of positive earnings, growth potential, innovation and organizational synergies.

For additional news and information please visit www.digitalally.com

Forward-Looking Statements

Statements made in this press release that are not descriptions of historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and are based on management’s current expectations and assumptions and are subject to risks and uncertainties. If such risks or uncertainties materialize or such assumptions prove incorrect, our business, operating results, financial condition, and stock price could be materially negatively affected. You should not place undue reliance on such forward-looking statements, which are based on the information currently available to us and speak only as of today’s date. All statements other than statements of historical fact are forward-looking statements. These forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the Company’s performance or achievements to be materially different from any expected future results, performance, or achievements. Forward-looking statements speak only as of the date they are made and the Company assumes no duty to update forward-looking statements, except as required by law. Actual future results, performance or achievements may differ materially from historical results or those anticipated depending on a variety of factors, some of which are beyond the control of the Company, including, but not limited to, the risks described from time to time in the Company’s periodic filings with the U.S. Securities and Exchange Commission, including, without limitation, the risks described in the Company’s 2024 Annual Report on Form 10-K under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” (as applicable). These factors should be considered carefully, and readers are cautioned not to place undue reliance on such forward-looking statements. All information is current as of the date this press release is issued, and the Company undertakes no duty to update this information.

Contact Information
Stanton Ross, CEO
Tom Heckman, CFO
Digital Ally, Inc.
913-814-7774
info@digitalallyinc.com

FAQ

What requirements must DGLY meet to maintain Nasdaq listing?

DGLY must achieve $2.5M in stockholders' equity by May 20, 2025, maintain a $1.00 minimum bid price by June 6, 2025, and comply with all other listing criteria through September 2, 2025.

What happens if Digital Ally (DGLY) fails to meet Nasdaq's requirements?

If DGLY fails to meet any of the specified requirements, the company could face delisting from the Nasdaq Stock Market.

When did Digital Ally receive the Nasdaq listing determination?

Digital Ally received the Nasdaq Hearings Panel decision on May 1, 2025.

How long does Digital Ally have to maintain compliance with Nasdaq requirements?

Digital Ally must maintain compliance with all listing criteria through September 2, 2025.