Welcome to our dedicated page for UNIVERSAL SAFETY PRODUCTS 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. (UUU) insider Ault Milton C III, a director and more-than-10% owner, reported a series of open-market purchases of common stock on August 17–19, 2026 totaling 39,303 shares. Purchases were made directly and indirectly through Alpha Structured Finance LP, Ault Lending, LLC, and Ault & Company, Inc., at prices ranging from $3.69 to $5.94 per share.
Universal Safety Products plans a special stockholder meeting held virtually in 2026 to vote on significant charter changes. Proposal 1 would authorize 25,000,000 shares of “blank check” preferred stock at $0.01 par value, empowering the Board to set series-specific voting, dividend, conversion and liquidation rights without further stockholder approval, subject to law and listing rules. This could be used for future financings or strategic transactions and may have anti-takeover effects.
Proposal 2 would create a new dual-class structure by authorizing 25,000,000 shares of Class B Common Stock with 25 votes per share and renaming existing common as Class A Common Stock with one vote per share. Class A and Class B would otherwise share equally in dividends and liquidation but Class B would convert into Class A upon transfer. The company discloses potential dilution of ownership and voting power and acknowledges that both the preferred and Class B authorizations could be used in ways that make changes of control more difficult. Proposal 3 would permit adjournment of the meeting to solicit additional proxies if support for the primary proposals is initially insufficient.
Universal Safety Products, Inc. reported a sharp contraction in its legacy operations and early-stage investment in a new digital-asset venture for the quarter ended June 30, 2026. Net sales fell to $109,559 from $3,824,247 a year earlier, following the May 2025 sale of its smoke and carbon monoxide alarm business, leaving primarily GFCIs and ventilation fans.
Gross profit was $9,131 with an 8.3% margin, and the company posted a net loss of $662,086 versus prior-year net income of $1,810,321 that was boosted by a gain on asset sales. Operating cash outflow was $687,805. Cash and cash equivalents were $3.7 million, working capital was $3.4 million, and total liabilities were relatively modest at $1.4 million.
The company formed Universal DeFi, LLC to operate 125,000 blockchain node licenses and a validator on the Ault Blockchain, accumulating about 425 million AULT tokens but recognizing no revenue or assets due to the absence of an observable market. In June 2026 it entered into a securities purchase agreement for up to $10.6 million of 8% convertible notes, recording a derivative liability and high effective interest cost. Management states that recurring losses, reliance on convertible debt, and uncertain access to remaining tranches raise substantial doubt about the Company’s ability to continue as a going concern. Material weaknesses in internal controls over financial reporting remain unresolved.
Universal Safety Products, Inc. filed Articles of Amendment in Maryland to change its capital structure and governance. The amendment increases authorized common stock, par value $0.01 per share, to 525,000,000 shares from 20,000,000 shares and eliminates super-majority voting requirements for future charter amendments, which will now need a majority of all votes entitled to be cast.
The board of directors approved these changes, subject to stockholder approval, on June 12, 2026, and stockholders approved them by super-majority vote at a July 31, 2026 special meeting. The Articles of Amendment are dated August 7, 2026 and become effective when accepted for record by the Maryland State Department of Assessments and Taxation.
Universal Safety Products, Inc. has an updated Schedule 13D group led by Milton C. Ault III and affiliated entities. Based on 3,028,363 shares of common stock outstanding as of July 9, 2026, Mr. Ault beneficially owns about 1,104,052 shares, or approximately 35.9%, including 50,000 vested options at $3.40 per share and indirect holdings through Ault & Company, Alpha Structured Finance, Ault Lending and related entities.
Hyperscale Data, Inc. and Ault Capital Group, Inc. may each be deemed to beneficially own 1,045,252 shares, or 34.5% of the outstanding stock, largely through Ault Lending’s 1,025,252-share position. Ault Lending accumulated its stake via open-market purchases totaling $1,928,173.42 for 385,252 shares and two stock purchase agreements for 640,000 shares with aggregate consideration of $3,755,000 paid in promissory notes. Smaller positions include Ault & Company’s 6,200 shares and Alpha Structured Finance’s 20,000 shares.
The disclosure also describes a July 30, 2026 voting and put arrangement between Ault Lending and stockholder David Lazar tied to a July 31, 2026 special meeting. Because not all management proposals were approved, Mr. Lazar’s contingent right to sell his shares to Ault Lending at $7.25–$8.00 per share terminated at the meeting’s conclusion.
Universal Safety Products, Inc. held a special stockholder meeting on July 31, 2026. As of June 15, 2026, 3,028,363 shares of common stock were outstanding and entitled to vote. Stockholders approved an amendment to increase authorized common stock from 20,000,000 to 525,000,000 shares.
They also approved eliminating super-majority voting rights and, to comply with NYSE American Rule 713(a), the issuance of additional common shares underlying convertible notes issued or issuable under a June 12, 2026 securities purchase agreement. Proposals to authorize 25,000,000 preferred shares and 25,000,000 class B common shares were not approved.
Universal Safety Products, Inc. is registering up to 10,600,000 shares of common stock for resale by SJC Lending LLC, issuable upon conversion of previously issued and future convertible promissory notes. These shares are based on a minimum conversion price of $1.00 per share and include shares for accrued interest.
The company will not receive any proceeds from the resale of these shares; proceeds go to the selling stockholder. Under a Securities Purchase Agreement, SJC agreed to purchase up to $10,600,000 in principal amount of Convertible Notes for a total purchase price of $10,000,000, in 11 tranches, bearing interest at 8% per year (20% upon default) and maturing one year after issuance.
The notes are convertible at the greater of the $1.00 Floor Price or 80% of the lowest five-day VWAP, capped at $10.00 per share, subject to NYSE American rules, including a 19.99% issuance cap without prior stockholder approval. Shares outstanding were 3,028,463 as of July 9, 2026, and would be 13,628,463 after full issuance of the registered Conversion Shares, a baseline ownership figure separate from the registered resale amount.
UNIVERSAL SAFETY PRODUCTS, INC. director and ten percent owner Milton C. Ault III reported open‑market purchases of a total of 600 shares of common stock. He bought 300 shares on July 7, 2026 at $4.0594 per share and 300 shares on July 8, 2026 at prices including $3.9600 and $3.8869 per share through direct and indirect accounts.
After these trades, he holds 2,600 shares directly and 6,200 shares indirectly through Ault & Company, Inc., plus larger indirect positions of 1,025,252 shares through Ault Lending, LLC and 20,000 shares through Alpha Structured Finance LP, making the reported purchases small relative to his overall beneficial holdings.
Universal Safety Products, Inc. reported a sharp contraction in its legacy safety-products business and a strategic pivot toward decentralized finance. Sales for the year ended March 31, 2026 fell to $4.85 million from $23.56 million, and the company swung to a $2.49 million net loss from prior-year net income of $0.50 million. Results include a $2.82 million gain on selling its smoke and carbon monoxide alarm segment to Feit Electric, leaving a much smaller electrical-products operation exposed to high China tariffs. Management discloses substantial doubt about the company’s ability to continue as a going concern and is relying on external financing, including up to $10 million in convertible notes, of which $1 million has funded.
The new wholly owned subsidiary Universal DeFi LLC is building a tokenization platform and operating licensed nodes and a validator on the Ault Blockchain. As of July 1, 2026 it holds about 425 million AULT tokens, but these tokens currently have no market value and Universal DeFi has generated no revenue. The 10-K details extensive technological, regulatory, liquidity and conflict-of-interest risks tied to this early-stage DeFi strategy, alongside traditional pressures from housing-driven demand, import tariffs, and potential dilution from convertible securities.
Universal Safety Products, Inc. submitted a Form 12b-25 notifying the SEC of a late Form 10-K for the fiscal year ended March 31, 2026. The company said timely compilation and review of the 10-K would impose undue hardship and expects to file within the relief period.
The registrant disclosed it anticipates significantly decreased sales and gross profit for the year and expects to report a net loss for the year ended March 31, 2026, compared with net income in the prior-year period. The notification was signed by CEO Harvey B. Grossblatt on June 29, 2026.