Digital Ally announces plans for 1-for-8 reverse stock split Digital Ally announced that it has filed a notice with The Nasdaq Stock Market stating that its Board of Directors has voted to effect a 1-for-8 reverse split of its issued and outstanding common stock. The reverse stock split will be effective Aug. 24. The company is taking such action in order to comply with the minimum closing bid price requirement for continued listing on The Nasdaq Capital Market. In order to remain listed, the closing bid price of the company's common stock must be $1.00 per share or higher for a minimum of ten consecutive business days prior to Sept. 10, under applicable Nasdaq rules.
Digital Ally reports police body camera and in-car video orders Digital Ally announced that it has received "large orders" from the Alamosa Police Department in Colorado and Camden County Police Department in New Jersey. Alamosa Police Department in Colorado awarded a contract to Digital Ally for 25 "Complete Package" systems as well as camera systems for their interview rooms. Camden County Police Department in New Jersey also awarded a contract to Digital Ally for 325 FirstVu HD body-worn cameras, accessories and docking stations. This order represents Digital Ally's largest New Jersey body-worn camera deployment to date. These agencies awarded contracts to Digital as a result of a competitive bid process, the company said.