Digital Ally up on plan to split into two

Kustom Entertainment

08/12/2022 13:44

** Shares of security camera maker Digital Ally Inc  DGLY.O 
up 5.9% at $0.33 premarket 
    ** DGLY says board has approved plan to separate company
into two independent, publicly-traded firms
    ** Ticketing and entertainment business will become separate
company called Kustom Entertainment Inc
    ** Video solutions and medical billing businesses will keep
Digital Ally Inc name 
    ** Company expects separation to be completed during H1 2023
    ** As of last close, stock down 71.7% YTD 
 (Reporting by Vansh Agarwal in Bengaluru)
 ((Vansh.Agarwal@thomsonreuters.com))