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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Sat., Mar. 28, 6:53 AM

Slide #12. Digital Ally, Inc. Secondary Offering

Company: Digital Ally, Inc. (NASDAQ:DGLY)
Date announced: 2/27/2020
Shares Offered: 2,521,740
Date of Pricing: 2/27/2020
Price Per Share: $1.15
Secondary Offering Details: Digital Ally, Inc. (NASDAQ:DGLY), which develops, manufactures and markets advanced video recording products for law enforcement, emergency management, fleet safety and security, today announced that it intends to offer shares of its common stock for sale in an underwritten public offering. In addition, the Company expects to grant the underwriter a 45-day option to purchase up to an additional 15 percent of the shares of common stock offered in the public offering solely to cover over-allotments, if any. The Company intends to use the net proceeds from this offering to fund the repayment of debt and for general corporate purposes. The offering is subject to market conditions and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. -updated 2/27- Digital Ally, Inc. (NASDAQ:DGLY), which develops, manufactures and markets advanced video recording products for law enforcement, emergency management, fleet safety and security, today announced the pricing of an underwritten public offering with gross proceeds to the Company expected to be approximately $2.9 million before deducting underwriting discounts and other estimated offering expenses. The proposed offering equates to 2,521,740 shares of the Company's common stock at a price of $1.15 per share. The Company intends to use the net proceeds from this offering to fund the repayment of debt and for general corporate purposes. In addition, the Company expects to grant the underwriter a 45-day option to purchase up to an additional 15 percent of the shares of common stock offered in the public offering to cover over-allotments, if any.

Digital Ally produces digital video imaging and storage products for use in law enforcement, security and commercial applications. Co.'s products are an in-car digital video/audio recorder contained in a rear-view mirror for use in law enforcement and commercial fleets; a system that provides its law enforcement customers with audio/video surveillance from multiple vantage points and hands-free automatic activation of body-worn cameras and in-car video systems; a miniature digital video recording system designed to be worn on an individual's body; and cloud storage solutions including cloud-based fleet management and driver monitoring/training applications.
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Company Name:  Digital Ally Inc
Stock buyback:  DGLY buyback
Website:  www.digitalally.com
Sector:  Electronic Equipment & Products
Number of ETFs Holding DGLY:  4
Total Market Value Held by ETFs:  $229967
Total Market Capitalization:  $10.00M
% of Market Cap. Held by ETFs:  2.30%
 

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March 28, 2020    6:53 AM Eastern
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