Digital Ally Inc. has announced amendments to its bylaws following authority granted by its stockholders. Effective May 22, 2025, the company has implemented a one-for-one hundred reverse stock split of its common stock. This adjustment means that every one hundred shares of common stock will be exchanged for one share. The reverse stock split will not affect the total number of authorized shares, and any fractional shares will be rounded up to the nearest whole share. The updated stock will trade on a split-adjusted basis on Nasdaq starting May 23, 2025.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.