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Prospectus Supplement No. 2
(to Prospectus Supplement No. 1 dated July 21, 2009
and Prospectus dated July 8, 2009)
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Filed pursuant to Rule 424(b)(2)
Registration Statement No. 333-159880
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DIGITAL ANGEL CORPORATION
87,788 Shares of Common Stock
Pursuant to this prospectus supplement, the accompanying prospectus supplement and the
accompanying base prospectus, we are offering 87,788 shares of common stock to YA Global Master SPV
Ltd., or YA Global, at a price of approximately $1.42 per share, pursuant to our previously
announced Standby Equity Purchase Agreement, or SEDA, dated July 10, 2009 with YA Global. The
shares are being issued to pay the $125,000 commitment fee due pursuant to the SEDA. We expect to
issue the shares to YA Global on or about July 21, 2009.
In addition to our issuance of common shares to YA Global pursuant to the SEDA, this
prospectus supplement, the accompanying prospectus supplement and the accompanying prospectus also
cover the resale of those shares by YA Global to the public. YA Global may be deemed to be an
“underwriter” within the meaning of the Securities Act of 1933, as amended.
Our common stock is quoted on the Nasdaq Capital Market under the symbol “DIGA.” On July 20,
2009, the last reported sale price of our common stock on the Nasdaq Capital Market was $1.45 per
share. After giving effect to the issuance of shares described in this prospectus, YA Global has
purchased an aggregate of 87,788 shares of our common stock under the SEDA at an aggregate issuance
price of $125,000.
Investing in our securities involves a high degree of risk.
See “Risk Factors” beginning on page S-2 of the accompanying prospectus supplement.
Neither the Securities and Exchange Commission nor any state securities commission has
approved or disapproved of these securities or passed upon the adequacy or accuracy of this
prospectus supplement or the accompanying base prospectus. Any representation to the contrary is a
criminal offense.
The date of this prospectus supplement is July 21, 2009.