Business Context and Reporting Period
This Form 8-K is a current report filed by Digital Ally, Inc. (not Kustom Entertainment, Inc.) on September 10, 2012. The filing addresses the company's compliance status with The Nasdaq Stock Market listing requirements.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. The report focuses exclusively on stock listing compliance.
Material Changes
- Regained Compliance: On September 10, 2012, Nasdaq notified the Company that it regained compliance with Listing Rule 5550(a)(2).
- Stock Status: The Company's Common Stock will remain listed on The Nasdaq Capital Market under the symbol DGLY.
- Previous Deficiency: The Company had previously failed to maintain a minimum bid price of $1.00 over a 30-day period, as notified on September 13, 2011.
- Compliance Period: Compliance was achieved based on closing bid prices of $1.00 or greater for the ten days from August 24, 2012, to September 7, 2012.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, or discussion of future risks beyond the immediate resolution of the listing deficiency. No unusual items or contingencies are disclosed in this report.
Investor Verification Checklist
- Verify the current trading status of Digital Ally, Inc. (DGLY) on The Nasdaq Capital Market.
- Confirm the company's stock price performance relative to the $1.00 minimum bid requirement in subsequent periods.
- Review the company's most recent 10-K or 10-Q filings for actual financial performance metrics, as this 8-K does not contain them.