Digital Ally (DGLY) Granted Extension by NASDAQ

Digital Ally, Inc. (NASDAQ: DGLY), which develops, manufactures and markets advanced video recording products for law enforcement, emergency management, fleet safety and security, today announced it has received notice from the NASDAQ hearing panel (the “Panel”) that the Company has been granted an extension until June 30, 2020 to regain compliance with the minimum stockholder equity required for continued listing on NASDAQ, as set forth in NASDAQ Listing Rule 5550(b)(1) (the "Stockholders' Equity Requirement"). In a hearing with the Panel on February 20, 2020 the Company presented a strategic plan to regain and sustain compliance with the Stockholders’ Equity Requirement.

Stanton Ross, Chief Executive Officer, stated “We are extremely pleased to have been granted this extension with NASDAQ and believe that we will meet and exceed the requirement set forth. We are working very hard for our shareholders as we continue to expand our market share in the law enforcement community as well as the commercial fleet industry. With the recent acquisitions of new business domestically and internationally and the retention of current customers, we are very excited for the future,” concluded Mr. Ross.

You May Also Be Interested In

• Q32 Bio to release alopecia areata trial data on July 13
• Enova adds Maria Veltre to board as two directors retire
• Healthcare Triangle, Inc (HCTI) files for 28M share offering by selling stockholders