Welcome to our dedicated page for UNIVERSAL SAFETY PRODS SEC filings (Ticker: UUU), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Universal Safety Products, Inc. filings document the Maryland company's public-company governance, capital structure and material events following its name change from Universal Security Instruments. Recent records include proxy materials for director elections, auditor ratification and advisory compensation votes; Form 8-K reports on stockholder voting matters; notices of late Form 10-Q filings; and disclosures about unregistered common stock issued upon conversion of a convertible note.
The filings also describe proposals affecting authorized shares, blank check preferred stock, Class B common stock and voting rights, along with NYSE American-listed common stock registration details and reporting-compliance matters.
Universal Safety Products, Inc. entered a Securities Purchase Agreement with SJC Lending LLC to sell convertible promissory notes with aggregate principal up to $2,750,000 for a purchase price up to $2.5 million. The initial tranche closed on the execution date with a $1,100,000 face‑amount note issued for $1,000,000. Two additional tranches of $550,000 (purchase price $500,000) and $1,100,000 (purchase price $1,000,000) are conditioned on the filing and SEC effectiveness of a resale registration statement and on stockholder approval for conversions that would exceed 19.99% of outstanding common stock. Notes carry a 10% original issue discount, accrue interest at 8% (rising to 20% on amounts over $500,000 upon default), mature in one year, and convert after NYSE American approval of the Supplemental Listing Application at the greater of $1.00 or 80% of the lowest 10‑day VWAP, capped at $10.00. The agreement includes a 90‑day restricted issuance period, a one‑year prohibition on variable rate transactions, and a one‑year right of first refusal for SJC. The issuance to SJC was made in reliance on Section 4(a)(2) exemption.
Form 4 highlights: On 07/29/2025 director and >10% owner Milton C. Ault III purchased 3,152 shares of Universal Security Instruments (ticker UUU) on the open market at a volume-weighted average price of $3.6604 (price band $3.5222-$3.7438). The transaction was executed through affiliate Ault Lending LLC and reported jointly with Ault & Company, Inc.
Following the buy, Mr. Ault is deemed to control 259,274 common shares: 11,877 via Ault Lending, 5,000 via Alpha Structured Finance LP and 242,397 via Ault & Company. No derivative trades or sales were disclosed.
The ~$11.5 k purchase modestly increases the insider’s economic exposure but reinforces continued board-level commitment. No earnings or operational data accompanied the filing.