Digital Ally (DGLY) Prices $15M Of Convertible Redeemable Preferred Stock

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Go back to Digital Ally (DGLY) Prices $15M Of Convertible Redeemable Preferred Stock

Digital Ally Announces Pricing of $15.0 Million Private Placement of Convertible Redeemable Preferred Stock

October 13, 2022 8:30 AM EDT

Lenexa, KS, Oct. 13, 2022 (GLOBE NEWSWIRE) -- Digital Ally, Inc. (NASDAQ: DGLY) (the Company), today announced that it has entered into a securities purchase agreement with certain institutional investors to purchase 1,400,000 shares of Series A convertible redeemable preferred stock and 100,000 shares of Series B convertible redeemable preferred stock. Each share of Series A and Series B preferred stock has a purchase price of $9.50, representing an original issue discount of 5% of the $10.00 stated value of each share. Each share of Series A and Series B preferred stock is convertible into... More