Digital Ally closes $15M public offering of units and pre-funded warrants; net proceeds ~$13.48M

KUSTOM ENTERTAINMENT, INC.

Closed offering of 7.85M units at $0.15/unit plus 92.15M pre-funded units at $0.149/unit; gross proceeds $15M, net ~$13.48M.
Each unit includes 1 share common, 1 Series A warrant ($0.1875 exercise) and 1 Series B warrant ($0.30 exercise); pre-funded units include pre-funded warrant.
Warrants exercisable only after stockholder approval; Series A expires 5 years, Series B 2.5 years after approval.
Net proceeds to be used for working capital, pay merchant advance, and pay senior secured promissory notes from Nov 2024 private placement.
Underwriter Aegis exercised over-allotment for 15M Series A and 15M Series B warrants.

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