Digital Ally Inc. signed an agreement trading its potential to get a huge payday in several intellectual property cases for working capital.
The agreement with Brickell Key Investments LP (BKI) is complicated, but the gist of it is that the company will make an investment of between $500,000 and $10 million into the Lenexa-based developer of cameras for law enforcement (Nasdaq: DGLY). The money will be used by to pay Digital Ally's legal bills, repay debt and provide working capital.
In exchange…
Digital Ally Inc. signed an agreement trading its potential to get a huge payday in several intellectual property cases for working capital.
The agreement with Brickell Key Investments LP (BKI) is complicated, but the gist of it is that the company will make an investment of between $500,000 and $10 million into the Lenexa-based developer of cameras for law enforcement (Nasdaq: DGLY). The money will be used by to pay Digital Ally's legal bills, repay debt and provide working capital.
In exchange…