Universal Safety Products, Inc. Announces Notice of Noncompliance with NYSE American Continued Listing Standards due to delayed filing of Form 10-K
Universal Safety Products (NYSE American: UUU) has received a notice of noncompliance from NYSE Regulation on July 16, 2025, due to failing to timely file its Annual Report on Form 10-K for the year ended March 31, 2025. The company, which imports and distributes home safety devices, has been granted a six-month grace period until January 15, 2026, to file the delayed Form 10-K and regain compliance with NYSE American listing standards.
While there is no immediate impact on UUU's stock listing or trading, the Exchange may grant an additional six-month extension based on specific circumstances. However, NYSE Regulation maintains the right to initiate suspension and delisting proceedings at any time. The company expects to file the Form 10-K within the initial six-month period, though this cannot be guaranteed.
Universal Safety Products (NYSE American: UUU) ha ricevuto una comunicazione di non conformità da NYSE Regulation il 16 luglio 2025, a causa del mancato deposito tempestivo del suo Rapporto Annuale sul Modulo 10-K relativo all'anno conclusosi il 31 marzo 2025. L'azienda, che importa e distribuisce dispositivi di sicurezza domestica, ha ottenuto un periodo di grazia di sei mesi fino al 15 gennaio 2026 per presentare il Modulo 10-K in ritardo e ristabilire la conformità agli standard di quotazione di NYSE American.
Anche se non vi è alcun impatto immediato sulla quotazione o sul trading delle azioni UUU, la Borsa può concedere un'ulteriore proroga di sei mesi in base a circostanze specifiche. Tuttavia, NYSE Regulation si riserva il diritto di avviare in qualsiasi momento procedure di sospensione e delisting. L'azienda prevede di depositare il Modulo 10-K entro il periodo iniziale di sei mesi, anche se ciò non può essere garantito.
Universal Safety Products (NYSE American: UUU) recibió un aviso de incumplimiento por parte de NYSE Regulation el 16 de julio de 2025, debido a no presentar a tiempo su Informe Anual en el Formulario 10-K correspondiente al año terminado el 31 de marzo de 2025. La compañía, que importa y distribuye dispositivos de seguridad para el hogar, ha recibido un período de gracia de seis meses hasta el 15 de enero de 2026 para presentar el Formulario 10-K retrasado y recuperar el cumplimiento con los estándares de cotización de NYSE American.
Aunque no hay un impacto inmediato en la cotización o negociación de las acciones de UUU, la Bolsa puede conceder una extensión adicional de seis meses según circunstancias específicas. Sin embargo, NYSE Regulation mantiene el derecho de iniciar procedimientos de suspensión y exclusión en cualquier momento. La compañía espera presentar el Formulario 10-K dentro del período inicial de seis meses, aunque esto no puede garantizarse.
Universal Safety Products (NYSE American: UUU)는 2025년 7월 16일 NYSE Regulation으로부터 2025년 3월 31일 종료된 회계연도에 대한 연례 보고서인 Form 10-K를 제때 제출하지 못해 비준수 통지를 받았습니다. 가정용 안전 장치를 수입 및 유통하는 이 회사는 지연된 Form 10-K를 제출하고 NYSE American 상장 기준을 회복하기 위해 2026년 1월 15일까지 6개월의 유예 기간을 부여받았습니다.
UUU 주식 상장이나 거래에는 즉각적인 영향이 없지만, 거래소는 특정 상황에 따라 추가 6개월 연장을 허용할 수 있습니다. 그러나 NYSE Regulation은 언제든지 상장 중지 및 상장 폐지 절차를 시작할 권리를 보유하고 있습니다. 회사는 초기 6개월 기간 내에 Form 10-K를 제출할 계획이지만, 이는 보장할 수 없습니다.
Universal Safety Products (NYSE American : UUU) a reçu un avis de non-conformité de NYSE Regulation le 16 juillet 2025, en raison du non-dépôt dans les délais de son rapport annuel sur le formulaire 10-K pour l'exercice clos le 31 mars 2025. L'entreprise, qui importe et distribue des dispositifs de sécurité domestique, bénéficie d'une période de grâce de six mois jusqu'au 15 janvier 2026 pour déposer le formulaire 10-K en retard et retrouver la conformité avec les normes de cotation de NYSE American.
Bien qu'il n'y ait aucun impact immédiat sur la cotation ou la négociation des actions UUU, la Bourse peut accorder une prolongation supplémentaire de six mois selon des circonstances spécifiques. Toutefois, NYSE Regulation se réserve le droit d'engager à tout moment des procédures de suspension et de radiation. L'entreprise prévoit de déposer le formulaire 10-K dans le délai initial de six mois, bien que cela ne puisse être garanti.
Universal Safety Products (NYSE American: UUU) erhielt am 16. Juli 2025 eine Mitteilung über die Nichteinhaltung von NYSE Regulation, da der Jahresbericht auf Formular 10-K für das zum 31. März 2025 endende Jahr nicht rechtzeitig eingereicht wurde. Das Unternehmen, das Heim-Sicherheitsgeräte importiert und vertreibt, wurde eine sechsmonatige Nachfrist bis zum 15. Januar 2026 gewährt, um das verspätete Formular 10-K einzureichen und die Einhaltung der NYSE American-Listenstandards wiederherzustellen.
Obwohl keine unmittelbaren Auswirkungen auf die Notierung oder den Handel der UUU-Aktien bestehen, kann die Börse unter bestimmten Umständen eine weitere sechsmonatige Verlängerung gewähren. NYSE Regulation behält sich jedoch das Recht vor, jederzeit Suspendierungs- und Delisting-Verfahren einzuleiten. Das Unternehmen plant, das Formular 10-K innerhalb des ersten sechsmonatigen Zeitraums einzureichen, kann dies jedoch nicht garantieren.
- None.
- Failure to timely file Form 10-K for fiscal year ended March 31, 2025
- Risk of potential stock delisting from NYSE American if compliance is not achieved
- Uncertainty regarding the timeline of Form 10-K filing despite company's expectations
Insights
UUU faces NYSE delisting risk due to delayed 10-K filing, with a 6-month compliance window but no guarantee of resolution.
Universal Safety Products (ticker: UUU) has received a noncompliance notice from NYSE American due to failure to file its annual 10-K report that was due July 15. This is a serious regulatory issue that triggers specific Exchange procedures outlined in Section 1007 of the NYSE American Company Guide.
While there's no immediate impact on UUU's listing status, the company now operates under a defined remediation timeline. The NYSE has granted a six-month cure period (until January 15, 2026) to file the delinquent report. If UUU fails to meet this deadline, the Exchange may - at its sole discretion - grant up to an additional six months for compliance.
However, investors should recognize several concerning elements: First, the Exchange reserves the right to commence delisting proceedings at any time if circumstances warrant, regardless of the cure period. Second, while management states they "expect" to file within the six-month window, they explicitly acknowledge "there can be no assurance" this will happen - a warning sign that suggests potential underlying issues beyond a simple filing delay.
Delayed financial filings often indicate more substantial problems - possibly accounting irregularities, internal control weaknesses, or financial distress requiring additional scrutiny. Without timely financial data, investors face significant information asymmetry when valuing UUU shares.
OWINGS MILLS, Md., July 21, 2025 (GLOBE NEWSWIRE) -- Universal Safety Products, Inc. (NYSE American: UUU) announced today that on July 16, 2025, the Company received a letter from NYSE Regulation stating that the Company is not in compliance with the continued listing standards of NYSE American LLC (the “Exchange”) due to the Company’s failure to timely file its Annual Report on Form 10-K for the year ended March 31, 2025 with the Securities and Exchange Commission (the “SEC”). The letter also states that the Company’s failure to timely file the Form 10-K subjects the Company to the procedures and requirements set forth in Section 1007 of the NYSE American Company Guide (the “Company Guide”). The receipt of the letter from NYSE Regulation has no immediate effect on the listing or trading of the Company’s common stock on the Exchange.
NYSE Regulation informed the Company that, under Exchange rules, the Company has six months from the Form 10-K filing due date of July 15, 2025, to regain compliance with the Exchange listing standards by filing the Form 10-K with the SEC. NYSE Regulation further noted that, if the Company fails to file the Form 10-K within the six-month period, the Exchange may grant, at its sole discretion, an extension of up to six additional months for the Company to regain compliance, depending on the Company’s specific circumstances. The NYSE Regulation letter also notes that the Exchange may nevertheless commence suspension and delisting proceedings at any time if it deems that the circumstances warrant.
The Company currently expects to file the Form 10-K within the six-month period granted by the NYSE Regulation letter; however, there can be no assurance that the Form 10-K will be filed within such period.
UNIVERSAL SAFETY PRODUCTS, INC. is a U.S.-based importer and distributor of home safety devices such as ventilation fans and ground fault circuit interrupters.
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"Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: Certain matters discussed in this news release may constitute forward-looking statements within the meaning of the federal securities laws that inherently include certain risks and uncertainties. Actual results could differ materially from those projected in or contemplated by the forward-looking statements due to a number of factors, including, among other items, currency fluctuations, the impact of current and future laws and governmental regulations affecting us and other factors which may be identified from time to time in our Securities and Exchange Commission filings and other public announcements. We do not undertake and specifically disclaim any obligation to update any forward-looking statements to reflect occurrence of anticipated or unanticipated events or circumstances after the date of such statements. We will revise our outlook from time to time and frequently will not disclose such revisions publicly.
Contact: Harvey Grossblatt, President
Universal Safety Products, Inc.
410-363-3000, Ext. 224
FAQ
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