Digital Ally Closes $15 Million Public Stock Offering -- Shares Tumble

MT Newswires Live

02-15

Digital Ally (DGLY) closed its public stock offering Friday, raising $15 million in gross proceeds.

The company offered 100 million common units or pre-funded units at $0.15 per unit and $0.149 per pre-funded unit. Each unit consists of one common share or pre-funded warrant, one series A warrant to buy one share at $0.1875 per share, and one series B warrant to buy one share at $0.30 exercise price.

The company's shares were down more than 15% in recent trading.

Price: 0.07, Change: -0.01, Percent Change: -15.31

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