By Sheri Kasprzak
New York, Sept. 29 - Digital Ally Inc. said it has completed a $4.7 million private placement of shares.
The company sold 4.7 million shares at $1.00 each.
Source Capital Groups, Inc. was the placement agent.
Proceeds will be used for marketing of the company's newly launched digital video surveillance products. The rest will be used for general corporate purposes.
Based in Leawood, Kan., Digital Ally manufactures surveillance and other technologies used by law enforcement, homeland security and commercial security purposes.
| Issuer: | Digital Ally Inc.
|
| Issue: | Stock
|
| Amount: | $4.7 million
|
| Shares: | 4.7 million
|
| Price: | $1.00
|
| Warrants: | No
|
| Placement agent: | Source Capital Groups, Inc.
|
| Settlement date: | Sept. 29
|
| Stock price: | $2.40 at close Sept. 28
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
