 LENEXA, KANSAS, Jan. 27, 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, today announced that it has entered into a securities purchase agreement with institutional investors for the issuance and sale of 14,300,000 its shares of common stock pursuant to the direct sale of shares of the Companys common stock and pre-funded warrants issuable to investors who would, otherwise, beneficially own more than 9.99 of the Companys outstanding shares of common stock, if issued shares of common stock and warrants to purchase up to 14,300,000 of its shares of common stock at a price of 2.80 per share and accompanying warrant for aggregate gross proceeds of 40,040,000, in a registered direct offering priced at-the-market under Nasdaq rules. The warrants will have an exercise price of 3.25 per share, are exercisable immediately and will expire five years following the date of issuance. 