Digital Ally Regains Compliance with Nasdaq Minimum Bid Price Requirement
Digital Ally, Inc. (Nasdaq: DGLY) announced on February 23, 2023, that it has regained compliance with Nasdaq's minimum bid price requirement. This follows a 1-for-20 reverse stock split approved by stockholders on December 7, 2022, which took effect on February 6, 2023. The company’s common stock closed above $1.00 per share for 10 consecutive business days, ending February 22, 2023. Digital Ally offers various products including video technology and healthcare solutions, and it continues to seek out growth opportunities through acquisitions.
- Regained compliance with Nasdaq's minimum bid price requirement.
- 1-for-20 reverse stock split helped increase stock price above $1.00.
- Stock closed above $1.00 for 10 consecutive days, ensuring continued Nasdaq listing.
- None.
LENEXA, KS., Feb. 23, 2023 (GLOBE NEWSWIRE) -- Digital Ally, Inc. (the “Company”)(Nasdaq: DGLY), today announced that it received a notification letter (the "Notification Letter on Compliance") from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") on February 23, 2023, indicating that the Company has regained compliance with the minimum bid price requirement for continued listing on the Nasdaq Capital Market, as set forth under Nasdaq Listing Rule 5550(a)(2).
The letter from Nasdaq follows the Company’s 1-for-20 reverse stock split approved by stockholders on December 7, 2022 and effected on February 6, 2023, after which the closing price of the Company’s common stock was at least
About Digital Ally
Digital Ally Companies (NASDAQ: DGLY) through its subsidiaries, is engaged in video solution technology, human & animal health protection products, healthcare revenue cycle management, ticket brokering and marketing, event production and jet chartering. Digital Ally continues to add organizations that demonstrate the common traits of positive earnings, growth potential, innovation and organizational synergies.
For additional news and information please visit www.digitalally.com or follow Digital Ally Inc. social media channels here:
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Contact Information
Brody Green, President
Stanton Ross, CEO
Tom Heckman, CFO
Digital Ally, Inc.
913-814-7774
info@digitalallyinc.com
