Current Report Filing (8-k)
December 14 2020 - 9:00AM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
Form
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the
Securities
Exchange Act of 1934
Date
of Report (Date of earliest event reported): December 14, 2020 (December 10, 2020)
DIGITAL
ALLY, INC.
(Exact
Name of Registrant as Specified in Charter)
Nevada
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001-33899
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20-0064269
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(State or other
Jurisdiction
of Incorporation)
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(Commission
File Number)
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(IRS Employer
Identification No.)
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15612
College Blvd., Lenexa, KS 66219
(Address
of Principal Executive Offices) (Zip Code)
(913)
814-7774
(Registrant’s
telephone number, including area code)
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class
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Trading
Symbol(s)
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Name
of exchange on which registered
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Common stock,
$0.001 par value
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DGLY
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The Nasdaq Capital
Market, LLC
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Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions:
[ ]
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Written communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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[ ]
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Soliciting material
pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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[ ]
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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[ ]
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company [ ]
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for
complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]
Item
1.01. Entry into a Material Definitive Agreement
On
Wednesday, December 10, 2020, Digital Ally, Inc. (the “Company”) received notification from First-Citizens Bank &
Trust Company (“First-Citizens”) of partial forgiveness of the loan (the “Loan”) that it had obtained
on May 4, 2020 from First-Citizens under the U.S. Small Business Administration (“SBA”) Paycheck Protection Program
in the amount of $1,418,900 after the Company previously applied for forgiveness of the Loan. The amount of forgiveness remitted
to First-Citizens by the SBA was $1,418,900, which was reduced by a $10,000 Economic Injury Disaster Loan advance that the Company
received and which is the remaining balance of the Loan.
Item
8.01 Other Events.
The
information set forth in Item 1.01 above is incorporated by reference into this Item 8.01.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
Date:
December 14, 2020
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Digital
Ally, Inc.
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By:
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/s/
Stanton E. Ross
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Name:
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Stanton E. Ross
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Title:
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Chairman, President and Chief Executive Officer
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