Digital Ally Inc. has now received the maximum potential investment of $10 million from Brickell Key Investments LP (BKI), under an agreement that swaps a percentage of specific legal settlements or court awards for working capital.
The agreement, signed on July 31, gives BKI a set percentage of any settlements or judgements that Digital Ally (Nasdaq: DGLY) receives as a result of intellectual property lawsuits filed against its competitors. Initially, BKI invested $500,000 in the Lenexa-based developer…
Digital Ally Inc. has now received the maximum potential investment of $10 million from Brickell Key Investments LP (BKI), under an agreement that swaps a percentage of specific legal settlements or court awards for working capital.
The agreement, signed on July 31, gives BKI a set percentage of any settlements or judgements that Digital Ally (Nasdaq: DGLY) receives as a result of intellectual property lawsuits filed against its competitors. Initially, BKI invested $500,000 in the Lenexa-based developer…