Digital Ally, Inc. reported on May 7, 2025, that the Nasdaq Hearings Panel granted the company’s request for continued listing on The Nasdaq Stock Market LLC, as per a decision dated May 1, 2025. This determination provides a pathway for the company to maintain its public listing.
The continued listing is subject to several conditions, including the company’s compliance with the $2.5 million stockholders’ equity requirement by May 20, 2025, and the $1.00 bid price requirement by June 6, 2025. Digital Ally must also maintain compliance with all other applicable listing criteria through September 2, 2025.
The company stated it continues to diligently work to evidence compliance with all applicable criteria for continued listing on Nasdaq and to timely satisfy the terms of the Panel’s decision. This outcome is crucial for the company's access to capital markets and investor confidence.
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