Current Report Filing (8-k)
March 09 2020 - 5:31PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
Form
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the
Securities
Exchange Act of 1934
Date
of Report (Date of earliest event reported): March 9, 2020 (March 6, 2020)
DIGITAL
ALLY, INC.
(Exact
Name of Registrant as Specified in Charter)
Nevada
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001-33899
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20-0064269
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(State
or other Jurisdiction
of
Incorporation)
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(Commission
File
Number)
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(IRS
Employer
Identification
No.)
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9705
Loiret Blvd., Lenexa, KS 66219
(Address
of Principal Executive Offices) (Zip Code)
(913)
814-7774
(Registrant’s
telephone number, including area code)
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class
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Trading
Symbol(s)
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Name
of exchange on which registered
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Common stock,
$0.001 par value
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DGLY
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The Nasdaq Capital
Market, LLC
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Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions:
[ ]
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Written communications pursuant
to Rule 425 under the Securities Act (17 CFR 230.425)
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[ ]
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Soliciting material pursuant to Rule 14a-12
under the Exchange Act (17 CFR 240.14a-12)
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[ ]
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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[ ]
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company [ ]
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for
complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]
Item
8.01. Other Matters.
On
March 6, 2020, Digital Ally, Inc. (the “Company”) received written notice from the Nasdaq Hearings Panel of
The Nasdaq Stock Market LLC (the “Panel”) indicating that, based on the plan of compliance presented by the
Company at the hearing held on February 20, 2020, the Panel has granted the Company’s request for the continued listing
of the Company’s securities on The Nasdaq Capital Market (“Nasdaq”), subject to, among other things,
the Company’s keeping the Staff updated on progress of its compliance plan and ultimately being able to evidence shareholder
equity in an amount greater than or equal to $2,500,000 in accordance with Listing Rule 5550(b) no later than June 30, 2020. During
this time, the Company’s securities will remain listed and trading on Nasdaq.
In
addition, on March 9, 2020, the Company issued a press release with regard to the written notice it received from the Panel. The
press release is attached as Exhibit 99.1 to this Current Report on Form 8-K.
The
information related to the press release furnished pursuant to this Item 8.01, including Exhibit 99.1, shall not be deemed “filed”
for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise
subject to the liabilities under that Section and shall not be deemed to be incorporated by reference into any filing of the Company
under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference
in such filing.
Item
9.01. Financial Statements and Exhibits.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
Date:
March 9, 2020
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Digital
Ally, Inc.
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By:
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/s/
Stanton E. Ross
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Name:
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Stanton E. Ross
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Title:
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Chairman, President and Chief Executive Officer
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