Form 8-K DIGITAL ALLY INC For: Aug 28
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Go back to Form 8-K DIGITAL ALLY INC For: Aug 28
September 2, 2014 9:17 AM EDT
On August 25, 2014, Digital Ally (Nasdaq: DGLY) entered into definitive agreements relating to a private placement (the Private Placement) of a $4.0 million principal amount Senior Secured Convertible Note (the Note). The Private Placement closed on August 28, 2014. The Private Placement was made pursuant to a letter of intent between the parties entered into on August 22, 2014. The Note is convertible at any time at the option of the holder into shares of the Companys common stock at $6.10 per share (the Conversion Price). The Note ranks pari passu with the Companys senior secured convertible note in the original principal... More
September 2, 2014 9:16 AM EDT
In an article in USA Today on August 28, 2014, Stanton E. Ross, Chairman, President and Chief Executive Officer of Digital Ally (Nasdaq: DGLY) was quoted as stating that the Companys revenues in fiscal 2014 will approach $22.5 million. Mr. Ross made such forecast based on current... More
