Digital Ally Inc. shares jumped 19% in premarket trade Wednesday, after the video recording equipment and analytic software company said it is exploring its strategic alternatives including a possible sale of the company. The Lenexa, Kansas-based company said options include “monetizing its patent portfolio and related patent infringement litigation against Axon Enterprise, Inc. (“Axon,” formerly known as TASER International, Inc.) and Enforcement Video, LLC d/b/a WatchGuard Video (“WatchGuard”), the sale of the company as a whole, or the sale of select properties or groups of properties or individual businesses.” The company has retained Roth Capital as adviser and has already received several unsolicited inquiries involving a variety of possible deals. Shares have fallen 57% in 2017, while the S&P 500 has gained about 16%.
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