Is Digital Ally a publicly traded company?

Lenexa, KS, Dec. 08, 2022 (GLOBE NEWSWIRE) -- Digital Ally, Inc. (NASDAQ: DGLY) (the “Company”) today announced that its Board of Directors has unanimously approved a plan to pursue a separation into two independent, publicly-traded companies to optimize investment and capital allocation, accelerate growth, and unlock shareholder value.

What happened to Digital Ally?

After raising $30 million in capital in early 2021 through a private placement, Lenexa-based Digital Ally switched its focus from law enforcement cameras, deciding to expand its offerings. Since then, the company has moved into ticket sales, event planning, disinfectants, medical billing and now private jet charters.

Does Digital Ally have a digital camera business?

In this 2008 file photo, Digital Ally Inc. CFO Tom Heckman (left) and CEO Stan Ross display two types of digital video systems: one integrated into a car's rearview mirror and another into a flashlight. Interest in the company’s digital camera business for law enforcement isn’t going away, but it will change. Ross plans to expand the market.