Universal Security Instruments SEC Filings

Poplar Point Capital Management LLC, Poplar Point Capital Partners LP, Poplar Point Capital GP LLC and Jad Fakhry jointly filed a Schedule 13G/A regarding Universal Safety Products, Inc. (CUSIP 913821302) for the reporting period ending 09/30/2025. The filing discloses that each Reporting Person beneficially owns 0 shares, representing 0% of the class, and that they have no voting or dispositive power over the issuer's common stock. The filing lists the Reporting Persons' organizational details and business address and includes a certification that the securities, if any, were acquired in the ordinary course of business and not for the purpose of changing control.

Milton C. Ault, III, a director of Universal Safety Products, Inc. (UUU), reported multiple purchases of the company's common stock. On 09/30/2025 he acquired 1,000 shares at $4.285 and on 10/01/2025 he acquired 3,000 shares at $4.9756. Following these transactions the filing reports total beneficial ownership of 50,710 shares, held indirectly through entities including Ault & Company, Inc., Ault Lending, LLC, and Alpha Structured Finance LP. The Form 4 discloses the reporting person’s relationships to those entities that create indirect beneficial ownership.

Universal Safety Products, Inc. filed an 8-K disclosing it entered into a material employment agreement. The company executed an Employment Agreement dated October 1, 2025 between Universal Safety Products, Inc. and Harvey B. Grossblatt. The filing lists the agreement as Exhibit 10.1 and notes Inline XBRL cover-page exhibits. The document is signed and dated October 2, 2025 by Harvey B. Grossblatt in his capacity as President and Chief Executive Officer.

Amendment No. 2 to Schedule 13D reports that JLA Realty Associates, LLC and Steven Caspi collectively beneficially own 227,400 shares of Universal Safety Products, Inc., representing 9.8% of the common stock. The filing adds that on September 25, 2025 SJC Lending, LLC (an entity wholly owned by Mr. Caspi) purchased a convertible promissory note with original principal $1,650,000 for $1,500,000, joining an earlier August purchase of a $1,100,000 note for $1,000,000. The SPA contemplates up to $2,750,000 principal for $2,500,000 total purchase price. Notes bear 8% interest (rising to 20% on specified defaults), convert into common stock at the greater of $1.00 or 80% of the 10-day VWAP (capped at $10.00), and contain a 4.99% ownership conversion limit. SJC Lending has a one-year right of first refusal on future offerings. The Reporting Persons state no other transactions since Amendment No. 1.

Milton C. Ault III, a director of Universal Safety Products, Inc. (UUU), reported an insider purchase on 09/24/2025. The filing shows a purchase (code P) of 4,000 shares of Common Stock at a price of $7.205 per share. The record lists 22,700 shares beneficially owned by Ault Lending LLC, plus separate beneficial holdings of 5,000 shares by Alpha Structured Finance LP and 4,000 shares by Ault & Company, Inc., each described as indirectly held through entities where Mr. Ault has governance roles. The form is signed by Mr. Ault on 09/26/2025. No derivative transactions or additional financial results are reported in this filing.

Milton C. Ault III, a director of Universal Safety Products, Inc. (UUU), reported open-market purchases of the company's common stock on September 17-18, 2025. The Form 4 shows two purchases: 3,000 shares on 09/17/2025 at $6.4028 per share and 3,000 shares on 09/18/2025 at $5.7137 per share. Following those transactions, the filing reports a total of 18,700 shares beneficially owned by Ault Lending LLC and additional indirect holdings of 5,000 shares via Alpha Structured Finance LP and 4,000 shares via Ault & Company, Inc., with ownership reported as indirect due to related entities.

Universal Safety Products, Inc. (UUU) is seeking shareholder approvals across eight proposals in a definitive proxy. Key charter changes would raise authorized common shares from 20,000,000 to 220,000,000, authorize 25,000,000 shares of blank‑check preferred stock with board‑determined rights, and create 20,000,000 shares of Class B common stock. The company also proposes to eliminate super‑majority voting requirements, adopt a 2025 Equity Incentive Plan, permit equity issuances to directors and executive officers under NYSE American rules, approve additional common shares underlying a convertible note issued under an August 13, 2025 Securities Purchase Agreement (PIPE Proposal), and permit adjournment if further solicitation is needed.

The proxy discloses that as of the record date up to 1,100,000 common shares are issuable upon conversion of outstanding convertible notes, 2,750,000 shares are reserved for issuance pursuant to convertible notes, 1,000,000 shares are reserved under the 2025 Stock Incentive Plan, and 13,937,113 authorized unissued shares remain unreserved. The document expressly warns these amendments could dilute earnings per share and book value per share and could make dividend payments potentially more expensive.

Milton C. Ault III, a director of Universal Safety Products, Inc. (UUU), reported multiple purchases of the issuer's common stock on Form 4. On 07/29/2025 he purchased 516 shares in open-market transactions at a volume-weighted average price of $3.5122 (reported price range $3.5191–$3.5222) and was deemed to beneficially own 12,393 shares via Ault Lending LLC. On 09/10/2025 he purchased 307 shares at $5.1314 and was deemed to beneficially own 12,700 shares via Ault Lending LLC. The filing also reports indirect beneficial ownership of 5,000 shares by Alpha Structured Finance LP and 4,000 shares by Ault & Company, Inc.