Digital Ally, Inc. announced on November 27, 2024, that it received a delinquency notification letter from Nasdaq on November 25, 2024. The notification indicated that the company was not in compliance with Nasdaq Listing Rule 5250(c)(1) due to the delayed filing of its Quarterly Report on Form 10-Q for the period ended September 30, 2024.
Nasdaq Listing Rule 5250(c)(1) requires listed companies to timely file all required periodic financial reports with the U.S. Securities and Exchange Commission. This notification does not have an immediate effect on the listing of the company’s securities on Nasdaq.
Digital Ally must submit a plan to regain compliance with the filing requirement by January 24, 2025. If the plan is accepted, Nasdaq can grant an exception of up to 180 calendar days from the due date of the initial delinquent filing, or until May 19, 2025, to regain compliance. The company stated it is working diligently to file the report promptly and expects to return to a normal filing cadence in 2025.
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