Core Points - Digital Ally, Inc. received a delinquency notification from Nasdaq due to non-compliance with Listing Rule 5250(c)(1) related to the delayed filing of its Annual Report for the year ended December 31, 2024 [1] - The company is required to present its views regarding this deficiency to Nasdaq by April 30, 2025, and is working to file the Annual Report as soon as possible [2] - The notification does not have an immediate effect on the listing of the company's securities on Nasdaq [1] Company Overview - Digital Ally operates in various sectors including video solution technology, health protection products, healthcare revenue cycle management, ticket brokering, marketing, event production, and jet chartering [3] - The company aims to acquire organizations that exhibit positive earnings, growth potential, innovation, and organizational synergies [3]

Core Insights - Digital Ally, Inc. is advancing its position in the video technology sector with a focus on innovation and leadership aimed at enhancing security and efficiency in various applications [1][3] - The company has been granted six new patents in the past year, which cover a range of technologies and applications, reinforcing its intellectual property portfolio [2][3] Patent Details - The newly issued patents include technologies for redundant mobile video recording, breath analysis systems, tracking and analysis of drivers in fleets, managing multiple data recording devices, portable video systems, and automatic recording triggers [8] Subsidiary Operations - TicketSmarter, a subsidiary of Digital Ally, provides primary and secondary ticketing for over 125,000 live events and is the official resale partner for numerous collegiate conferences and universities [5] - Kustom Entertainment, another subsidiary, specializes in managing and promoting events and integrates TicketSmarter's ticketing platform with established relationships in the entertainment industry [6]

Core Viewpoint - Digital Ally, Inc. has successfully closed a public offering, raising approximately $15.0 million in gross proceeds before expenses [1]. Group 1: Offering Details - The offering consisted of 100,000,000 Common Units, each including one share of Common Stock or one Pre-Funded Warrant, along with Series A and Series B Registered Common Warrants [2]. - The public offering price per Common Unit was set at $0.15, while the Pre-Funded Units were priced at $0.149 [2]. - The Series A Warrant has an exercise price of $0.1875 and expires five years after stockholder approval, while the Series B Warrant has an exercise price of $0.30 and expires 2.5 years after stockholder approval [2]. Group 2: Over-Allotment Option - Aegis Capital Corp. was granted a 45-day option to purchase additional shares and warrants, allowing for up to 15.0% of the number of shares sold in the offering [3]. - On February 14, 2025, Aegis exercised its over-allotment option for 15,000,000 Series A Warrants and 15,000,000 Series B Warrants [3]. Group 3: Legal and Regulatory Information - The offering was conducted under a registration statement on Form S-1, which was declared effective by the SEC on February 12, 2025 [4]. - A final prospectus detailing the terms of the offering will be filed with the SEC and made available on their website [4]. Group 4: Company Overview - Digital Ally, Inc. specializes in video solution technology and safety products across various sectors, including law enforcement and emergency management [6]. - The company is focused on growth through innovation and organizational synergies, continuously adding organizations with positive earnings and growth potential [6].

Core Viewpoint - Digital Ally, Inc. has announced a public offering expected to generate approximately $15.0 million in gross proceeds, aimed at supporting its operations and growth initiatives [1][4]. Group 1: Offering Details - The offering consists of 100,000,000 Common Units, each including one share of Common Stock or one Pre-Funded Warrant, along with Series A and Series B Registered Common Warrants [2]. - The public offering price per Common Unit is set at $0.15, with Pre-Funded Units priced at $0.149 [2]. - The Series A Warrants have an exercise price of $0.1875 and expire five years after stockholder approval, while Series B Warrants have an exercise price of $0.300 and expire 2.5 years after stockholder approval [2]. Group 2: Underwriting and Closing - Aegis Capital Corp. is the sole book-running manager for the offering, with a 45-day option to purchase additional shares and warrants to cover over-allotments [3][5]. - The transaction is expected to close on or about February 14, 2025, pending customary closing conditions [4]. Group 3: Use of Proceeds - The net proceeds from the offering, along with existing cash, will be utilized for general corporate purposes and working capital [4]. Group 4: Company Overview - Digital Ally, Inc. specializes in video solution technology and safety products across various sectors, including law enforcement and emergency management [1][8]. - The company is focused on growth through innovation and strategic acquisitions of organizations with positive earnings and growth potential [8].

Revenue Performance - Total net revenues for Q3 2024 were $4,051,711, a decrease of 36% compared to $6,337,699 in Q3 2023[442] - Video Solutions segment revenue decreased to $1,196,362 in Q3 2024 from $1,797,348 in Q3 2023, representing a decline of 33.5%[442] - Revenue Cycle Management segment revenue slightly decreased to $1,601,792 in Q3 2024 from $1,636,543 in Q3 2023, a decline of 2.1%[442] - Entertainment segment revenue decreased significantly to $1,253,557 in Q3 2024 from $2,903,808 in Q3 2023, a decline of 56.7%[442] - Total revenue for the three months ended September 30, 2024, was $4,051,711, a decrease from $6,337,699 in the same period of 2023, representing a decline of approximately 36%[451] Profitability and Loss - Total gross profit for Q3 2024 was $1,739,974, compared to $1,226,149 in Q3 2023, an increase of 42%[442] - The company reported an operating loss of $7,382,299 for Q3 2024, compared to an operating loss of $5,148,043 in Q3 2023[442] - The company experienced a net loss of $5,470,712 on revenues of $4,051,711 for Q3 2024[445] - Gross profit for the same period was $1,739,974, with a gross profit margin of 42.9%, significantly up from 19.3% in September 2023[451] - Operating loss for the three months ended September 30, 2024, was $(7,382,299), compared to $(5,148,043) in the same period of 2023, reflecting a worsening of approximately 43%[451] - Net loss attributable to common stockholders for the three months ended September 30, 2024, was $(5,470,712), compared to $(3,679,043) in September 2023, indicating an increase in loss of approximately 49%[451] Expenses - Total selling, general, and administrative expenses increased to $9,122,273, compared to $6,374,192 in September 2023, marking an increase of approximately 43%[451] - Research and development expenses accounted for 5% of total revenue in September 2024, down from 9% in September 2023[453] - Selling, advertising, and promotional expenses were 10% of total revenue in September 2024, a decrease from 30% in the same period of 2023[453] Asset and Liabilities - Identifiable assets as of September 30, 2024, were $32,263,169, down from $47,028,809 as of December 31, 2023[444] - The company has no off-balance sheet debt or significant relationships with unconsolidated entities that may materially affect financial conditions[446] Impairments and Derivatives - The company reported a significant goodwill and intangible asset impairment charge of 119% of total revenue for the three months ended September 30, 2024[453] - The change in fair value of derivative liabilities was reported at 62% of total revenue for the three months ended September 30, 2024[453] Product Development - The company has diversified its product offerings with the introduction of ThermoVu™ and Shield™ lines in 2020[435] - The revenue cycle management segment has completed four acquisitions since its formation in 2021, enhancing its service capabilities[438]

Core Insights - Kustom Entertainment, Inc. has announced the lineup for the 2025 Country Stampede Festival, scheduled for June 26-28, 2025, at Azura Amphitheater in Bonner Springs, Kansas, featuring major country music artists [1][2] - The festival is expected to sell out, following a record-breaking ticket sales period during Black Friday through Cyber Monday [3] - A Battle of the Bands competition has been launched, allowing regional bands to compete for a performance slot at the festival [4][5] Event Details - The festival will feature performances from artists such as Luke Bryan, Miranda Lambert, and Cole Swindell, along with local talent on the Platinum Club Stage [2] - Tickets are currently available for purchase, with various options including Superfan Pit Passes and Camping Packages [6] Company Background - Kustom Entertainment, a subsidiary of Digital Ally, Inc., specializes in producing live entertainment experiences and the Country Stampede Festival is one of its flagship events [7]

Core Insights - Digital Ally, Inc. is advancing its position in the video technology sector with innovative solutions aimed at enhancing security and efficiency [1] - The company has signed approximately 160 new subscription contracts in 2024, indicating strong demand for its FirstVu PRO body-worn cameras and EVO-HD in-car video solutions [2] - Digital Ally is addressing operational delays, including over $1,500,000 in backordered products, and expects to fulfill these backorders within the next 120 days [3] Product Developments - The company plans to unveil advancements in its video solutions, including the FirstVu PRO Utility integrated on body cameras, which will feature multiple advanced capabilities requested by customers [4] - Continuous updates to the EVO-Web platform are being released, with the latest version V2.3 focusing on bug fixes and new features to meet client needs [4] Leadership Commitment - CEO Stan Ross emphasized the company's unwavering commitment to innovation and excellence, aiming to meet current and future partner needs [5]

Core Points - Clover Leaf Capital Corp. (CLOE) is convening a special meeting of stockholders on September 27, 2024, to vote on a proposed business combination with Kustom Entertainment, Inc. [1] - The meeting will be held at 10:00 a.m. Eastern Time and will be accessible via live webcast [2] - The deadline for holders of Clover Leaf's Class A common stock to submit shares for redemption in connection with the business combination has been extended to September 25, 2024 [2] Company Overview - Clover Leaf Capital Corp. is a special purpose acquisition company (SPAC) formed to effect a merger or similar business combination with one or more businesses [9] - Kustom Entertainment, Inc. is a wholly-owned subsidiary of Digital Ally, which oversees TicketSmarter, Kustom 440, and BirdVu Jets [5][8] - TicketSmarter provides tickets for over 125,000 live events and is the official ticket resale partner for numerous collegiate conferences and universities [6] Business Combination Details - The business combination involves an Agreement and Plan of Merger among Clover Leaf, its subsidiary Merger Sub, Yntegra Capital Investments LLC, and Digital Ally [1] - Following the business combination, the management teams of TicketSmarter, Kustom 440, and BirdVu Jets will be combined to focus on concerts and entertainment partnerships [8]

Core Viewpoint - Clover Leaf Capital Corp. has postponed its special meeting to approve the business combination with Kustom Entertainment to September 20, 2024, allowing stockholders more time to participate in the decision-making process [1][2]. Company Overview - Clover Leaf Capital Corp. is a special purpose acquisition company (SPAC) formed to effect a merger or similar business combination with one or more businesses [9]. - Kustom Entertainment, Inc. is a wholly-owned subsidiary of Digital Ally, formed to oversee TicketSmarter, Kustom 440, and BirdVu Jets [5][8]. Business Combination Details - The meeting will involve voting on the proposed initial business combination with Kustom Entertainment, which is structured under a Merger Agreement [1]. - The deadline for holders of Clover Leaf's Class A common stock to submit shares for redemption in connection with the business combination has been extended to September 18, 2024 [2]. Subsidiary Operations - TicketSmarter offers tickets to over 125,000 live events and is the official ticket resale partner for more than 35 collegiate conferences and over 300 universities [6]. - Kustom 440 focuses on managing and promoting concerts, sports, and private events, leveraging its ticketing platform and relationships with artists and venues [7]. - BirdVu Jets is also part of Kustom Entertainment's portfolio, contributing to the overall entertainment and ticketing strategy [8].

Core Viewpoint - Clover Leaf Capital Corp. has postponed its special meeting to approve the business combination with Kustom Entertainment to August 27, 2024, at 4:30 p.m. Eastern Time [1][2]. Group 1: Meeting Details - The special meeting was originally scheduled for August 20, 2024, and is now rescheduled to August 27, 2024 [1]. - Stockholders will vote on the proposed business combination with Kustom Entertainment, which is part of a merger agreement involving multiple parties [1]. - The deadline for holders of Clover Leaf's Class A common stock to submit shares for redemption has been extended to August 23, 2024, at 5:00 p.m. Eastern Time [2]. Group 2: Company Background - Clover Leaf Capital Corp. is a special purpose acquisition company formed to effect a merger or similar business combination [9]. - Kustom Entertainment, a wholly-owned subsidiary of Digital Ally, oversees TicketSmarter, Kustom 440, and BirdVu Jets [5][8]. - TicketSmarter provides tickets for over 125,000 live events and is the official ticket resale partner for numerous collegiate conferences and universities [6]. Group 3: Business Combination Implications - Following the business combination, the management teams of TicketSmarter, Kustom 440, and BirdVu Jets will merge to focus on concerts and entertainment partnerships [8]. - Kustom 440 aims to attract and manage concerts, sports, and private events, leveraging its ticketing platform and relationships with artists and venues [7].