offering at 1.65 a share 3 million plus new shares
and yes DGLY has played games before to make an offer and lift it just to manipulated the stock price
but the company has no money in the bank and owes the government 1 million plus, so I think they will sell what they can
Digital Ally, Inc. (DGLY) (the “Company”), which develops, manufactures and markets advanced video recording products for law enforcement, emergency management, fleet safety and security, today announced the pricing of an underwritten public offering of 3,090,909 shares of its common stock at a price of $1.65 per share, for gross proceeds to the Company of approximately $5.1 million, before deducting underwriting discounts and other offering expenses. The Company intends to use the net proceeds from this offering for working capital, product development, order fulfillment and for general corporate purposes.
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