DIGITAL ALLY ANNOUNCES DECISION NOT TO PROCEED WITH PROPOSED UNDERWRITTEN PUBLIC OFFERING OF COMMON STOCK
January 06, 2021 22:00 ET
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Digital Ally Inc.
Digital Ally Inc.
Lenexa, Kansas, UNITED STATES
Lenexa, KS, Jan. 06, 2021 (GLOBE NEWSWIRE) -- Digital Ally, Inc. (NASDAQ: DGLY) (the “Company”), which develops, manufactures and markets advanced video recording products and other critical safety products for law enforcement, emergency management, fleet safety and security, announced that, due to market conditions, it has elected not to proceed at this time with its previously announced plans to pursue an underwritten public offering of its common stock.
Digital Ally remains well capitalized and expects that its existing cash and cash equivalents will be sufficient to fund its operating expenses and capital expenditure requirements until at least the end of 2021.