Highest-materiality recent filing
Kustom Entertainment divests video solutions segment to Cycurion for $5.5M plus 2M warrants
Total consideration: $1.25M upfront cash, $4.25M secured note (7%, 36 months), up to $1M earnout, and 2M warrants at $2.80/share.
Kustom Entertainment announces 1-for-5 reverse stock split to meet Nasdaq $1 bid price requirement
Reverse split at 1:5 effective April 22, 2026; outstanding shares reduced from 2,633,063 to ~526,613.
Kustom revises MOU with Cycurion to sell video segment for $5.5M, targeting close by June 30, 2026
Total purchase price $5.5M: $1.25M cash at closing, $4.25M secured note at 7% over 36 months, plus 2M warrants at $2.80.
Kustom Entertainment FY2025 net loss improves $11.9M; strategic pivot to live entertainment
Revenue $13,755K (+$235K YoY); net loss from continuing ops improved $11,945K to $5,955K.
Kustom Entertainment to divest Video Solutions segment to Cycurion for $6-8.5M
Non-binding MOU to sell Video Solutions segment to Cycurion (CYCU) for $6.0M-$8.5M.
Kustom Entertainment sets 2026 executive salaries, bonus eligibility, and grants stock options
Annual base salaries set at $200,000 for CEO Stanton Ross and COO Peng Han, $90,000 for CFO Thomas Heckman for FY2026.
Kustom Entertainment announces non-binding MOU to divest video solutions segment for $6M-$8.5M
Non-binding MOU with Cycurion (CYCU) to sell video solutions segment for $6M-$8.5M.
Kustom Entertainment sells 51% healthcare stake for $1.45M to focus on live events
Sold 51% ownership in Nobility Healthcare to minority owner for $100k cash, $209.5k credits, and $1.14M promissory note at 6% interest.
Digital Ally completes 1-for-3 reverse split, renames to Kustom Entertainment, new ticker KUST
Reverse stock split 1-for-3 effective Jan 8, 2026; shares reduced from 2,402,498 to 801,006.
Issued $267,500 principal amount Senior Secured Convertible Notes and warrants for 147,128 shares at $2.124.
Digital Ally amends common stock purchase agreement; will issue shares and cash for commitment fee
On November 7, 2025, Digital Ally entered into the First Amendment to Common Stock Purchase Agreement with an investor.
Digital Ally Q3 revenue up 12% to $4.5M; operating loss improves 84.8%
Revenue $4.5M (+12% YoY); SG&A down 72.7% to $2.5M.
Digital Ally amends ELOC with Yield Point: commitment fee due Nov 7, paid in shares/cash
Commitment Fee now due on amendment date (Nov 7, 2025) instead of after registration effective date.
Digital Ally closes $806K secured convertible note and $25M ELOC financing
Issued $806,452 principal senior secured convertible notes (8% interest) and warrants for 476,569 shares at $2.124, gross proceeds $750K after 7% OID.
Digital Ally sets Q1 2025 earnings call for May 28, 2025, at 11:15 AM ET
Conference call to discuss Q1 2025 results scheduled May 28, 2025, at 11:15 AM Eastern.
Digital Ally effectuates 1-for-100 reverse stock split effective May 22, 2025
Reverse stock split ratio of 1-for-100 became effective at 5:30 p.m. ET on May 22, 2025.
Digital Ally Q1 net income $4.3M ($1.41/share) vs. year-ago loss of $3.9M; revenue down 19%
Revenue fell 19% to $4.4M; gross margin expanded to 35.8% from 27.6%.
Digital Ally dismisses auditor RBSM; appoints Mokuolu; prior report included going concern
On May 5, 2025, Audit Committee dismissed RBSM LLP as independent auditor.
Digital Ally completes 1-for-20 reverse split; Nasdaq panel grants continued listing with conditions
Reverse stock split 1-for-20 effective May 6; trading on Nasdaq begins May 7 split-adjusted.
Digital Ally adjourns special meeting to May 6 for vote on 5B authorized share increase
Special meeting convened and adjourned to May 6, 2025 at 4:00 p.m. ET to solicit additional votes.
Special meeting convened April 29, adjourned immediately to solicit additional votes on charter amendment.
Digital Ally receives Nasdaq deficiency notice for delayed 10-K filing; must respond by April 30
Nasdaq notified Digital Ally on April 23, 2025 that it is not in compliance with Listing Rule 5250(c)(1) due to late filing of Annual Report for period ended Dec 31, 2024.
Special meeting convened April 21 immediately adjourned to April 29 at 4:00 p.m. ET.
Digital Ally adjourns special meeting to April 21 to vote on 24x authorized share increase
Proposal would increase authorized shares from 210M to 5.01B (5B common).
Special meeting convened on April 1, 2025, then adjourned to April 13, 2025 at 4:00 p.m. ET.
Digital Ally receives Nasdaq delisting determination; stock below $0.10 for 10 days; to appeal
On March 6, 2025, Nasdaq notified Digital Ally that its stock closed at $0.10 or less for 10 consecutive trading days, triggering the Low Priced Stocks Rule and a Staff Delisting Determination.
Digital Ally closes $15M public offering of units and pre-funded warrants; net proceeds ~$13.48M
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.
Digital Ally prices $15M common unit offering with warrants at $0.15/unit
Gross proceeds expected ~$15M from offering of 100M Common Units at $0.15 per unit (or $0.149 for Pre-Funded Units).
Digital Ally faces Nasdaq delisting over negative equity of $2.45M
On Jan 2, 2025, Nasdaq notified Digital Ally of non-compliance with Listing Rule 5550(b)(1) due to stockholders' equity of ($2,448,310) as of Sept 30, 2024, below $2.5M minimum.
Digital Ally receives Nasdaq delisting notice for bid price below $1.00
Received Nasdaq notice on Dec 20, 2024, for failing to meet minimum bid price of $1.00 for 30 consecutive business days.
Digital Ally shareholders approve reverse split (1:5-1:20) and warrant issuance of >20% shares
Four directors elected: Ross (781,147 for), Richie (700,960), Daughtery (830,210), Anderson (781,651); all with broker non-votes >1.3M.
Digital Ally adjourns annual meeting to Dec 17 to file proxy amendment
Annual meeting convened Dec 16, 2024 was adjourned to reconvene Dec 17 at 1:00 p.m. CT.
Amendment modifies deadlines: public offering registration filing within 20-30 trading days after later of Dec 16, 2024 meeting or resale registration effectiveness.
Digital Ally receives Nasdaq deficiency notice for delayed Q3 2024 10-Q filing
Nasdaq notice on Nov 25, 2024 for non-compliance with Listing Rule 5250(c)(1) due to late 10-Q.
Digital Ally subsidiaries guarantee $3.6M senior secured notes and stock issuance
On Nov 6, 2024, Digital Ally agreed to issue $3.6M senior secured notes and 808,377 shares for ~$3.0M gross proceeds.
Digital Ally enters $3M private placement of notes and stock; cash runway only ~3 months
Issued $3.6M senior secured notes and 808,377 common shares for $3.0M gross proceeds in private placement on Nov 7.
Digital Ally terminates merger agreement with Clover Leaf Capital Corp.
Mutual termination of merger agreement effective Nov 7, 2024; originally dated June 1, 2023 and amended twice.
Digital Ally raises $3M in private placement of secured notes; cash runway of only 3 months
Issued $3.6M principal in 90-day senior secured notes and 808,377 shares for $3.0M gross proceeds.
Digital Ally files 8-K/A to disclose duplicate certificate of correction for preferred stock
First certificate of correction filed Oct 28 to restore 10M shares of preferred stock omitted from Feb 7, 2023 amendment.
Digital Ally receives default notice on $1.6M note; public sale of collateral moved to Nov 7, 2024
Missed $100,000 payment due Oct 10 triggered default and acceleration of ~$1.6M principal and interest.
Digital Ally corrects omission of 10M preferred shares in prior certificate of amendment
Filed two certificates of correction to restore 10,000,000 shares of preferred stock omitted from Feb 7, 2023 amendment.
Digital Ally receives default notice over missed $100K payment, faces collateral sale on Nov 5, 2024
Missed $100,000 payment due Oct 10, 2024 triggered default under Senior Secured Promissory Note.
Digital Ally increases secured note to $2M, extends maturity to Nov 2024 or merger close
Amended note principal raised from $1.425M to up to $2M; interest at 1.58% per month.
Digital Ally Special Meeting Cancelled Due to Lack of Quorum
Digital Ally reconvened its special meeting on September 20, 2024, after adjournment from September 6.
Digital Ally gets $265K advance, extends repayment, pays $50K fee under note amendment
Additional $265,000 advance added to principal under March 1, 2024 note with Mosh Man, LLC.
Digital Ally adjourns special shareholder meeting for lack of quorum; reconvenes Sept. 20
Special meeting held Sept. 6, 2024; quorum not present, meeting adjourned.
Digital Ally extends Kustom Entertainment merger deadline to Sept 22, 2024
Second extension of outside date from Aug 30 to Sept 22, 2024 via Amendment No. 2 to Merger Agreement.
Digital Ally adjourns special stockholders meeting to Sept 6 due to insufficient quorum
Special meeting on Aug 23 lacked quorum; adjourned to Sept 6, 2024 at 1:00 p.m. ET.
Digital Ally subsidiary defers $2.7M note repayment to 2025
TicketSmarter amends $2.7M related-party note; weekly $54K payments now start Jan 2, 2025, not Jan 2024.
Digital Ally Q2 2024 revenue down 32% YoY; gross profit plunges 91%
Total revenue $5.6M, down 32% from $8.3M; entertainment segment revenue down 47% to $2.5M.
On January 31, 2024, Michael J. Caulfield notified the Board of Directors (the “Board”) of Digital Ally, Inc. (the “Company”) that he resigns as a director of the Board, effective immediately.
D. Duke Daughtery, will replace Mr. Hutchins as the Audit Committee Chairman.
On December 15, 2023, Daniel F. Hutchins notified the Board of Directors (the “Board”) of Digital Ally, Inc. (the “Company”) that he intends to retire as a director of the Board, effective December 31, 2023
On August 1, 2022, Christian J. Hoffmann, III notified the Board of Directors (the “Board”) of Digital Ally, Inc. (the “Company”) of his resignation from the Board of the Company, effective immediately.
On January 27, 2022, the Board of Directors (the “Board”) of Digital Ally, Inc. (the “Company”) appointed Christian J. Hoffmann, III as a member of the Board, effective immediately
the Board of Directors of Digital Ally, Inc. (the “Company”) approved the appointment of Peng Han, 48, as Chief Operating Officer of the Company, effective December 13, 2021.
Max materiality 0.90 · Median 0.60 · Most common event other_material