Digital Ally, Inc. announced on May 5, 2025, a 1-for-20 reverse split of its common stock, with trading on a split-adjusted basis expected to begin on the Nasdaq Capital Market at the start of trading on May 7, 2025. The new CUSIP number for the common stock will be 25382T309.
The reverse stock split was approved by the company's stockholders at the annual meeting held on December 17, 2024, with the specific ratio determined by the Board of Directors on April 10, 2025. This action is intended to increase the per-share trading price of the common stock to meet Nasdaq's minimum bid price requirement for continued listing.
Stockholders holding shares in book-entry form or brokerage accounts are not required to take any action. Securities Transfer Corporation, the company’s transfer agent, will provide instructions to stockholders of record who hold stock certificates regarding the exchange of certificates for common stock.
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