Digital Ally Regains Compliance with Nasdaq Minimum Bid Price Requirement
February 23 2023 - 11:33AM
Digital Ally, Inc.
(the
“Company”)(Nasdaq: DGLY), today announced
that it received a notification letter (the "Notification Letter on
Compliance") from the Listing Qualifications Department of The
Nasdaq Stock Market LLC ("Nasdaq") on February 23, 2023, indicating
that the Company has regained compliance with the minimum bid price
requirement for continued listing on the Nasdaq Capital Market, as
set forth under Nasdaq Listing Rule 5550(a)(2).
The letter from Nasdaq follows the Company’s
1-for-20 reverse stock split approved by stockholders on December
7, 2022 and effected on February 6, 2023, after which the closing
price of the Company’s common stock was at least $1.00 per share
for the 10 consecutive business days ended February 22, 2023.
About Digital Ally
Digital Ally Companies (NASDAQ: DGLY) through
its subsidiaries, is engaged in video solution technology, human
& animal health protection products, healthcare revenue cycle
management, ticket brokering and marketing, event production and
jet chartering. Digital Ally continues to add organizations that
demonstrate the common traits of positive earnings, growth
potential, innovation and organizational synergies.
For additional news and information please visit
www.digitalally.com or follow Digital Ally Inc. social media
channels here:
Facebook | Instagram | LinkedIn | Twitter
Contact InformationBrody Green,
PresidentStanton Ross, CEOTom Heckman, CFODigital Ally,
Inc.913-814-7774info@digitalallyinc.com
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