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.
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.
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.
Universal Safety Products, Inc. has filed an S-1 registration that incorporates by reference its Annual Report for the fiscal year ended March 31, 2025 (filed July 29, 2025) and its Quarterly Report for the quarter ended June 30, 2025 (filed August 19, 2025), along with several specified Current Reports filed between April and August 2025. The filing discloses a selling stockholder relationship in which SJC Lending, LLC is deemed to beneficially own 227,400 shares held by JLA Realty Associates, LLC and notes that up to 2,750,000 shares may be issuable upon conversion of Conversion Notes to SJC Lending, LLC based on the Floor Price. The prospectus lists permitted methods of sale for registered shares, standard undertakings to update the registration and respond to requests for incorporated information, and the registrant notes SEC guidance that indemnification of directors/officers for Securities Act liabilities may be unenforceable. The filing is signed by Harvey B. Grossblatt as President and Chief Executive Officer.
Universal Safety Products, Inc. has filed an S-1 registration that incorporates by reference its Annual Report for the fiscal year ended March 31, 2025 (filed July 29, 2025) and its Quarterly Report for the quarter ended June 30, 2025 (filed August 19, 2025), along with several specified Current Reports filed between April and August 2025. The filing discloses a selling stockholder relationship in which SJC Lending, LLC is deemed to beneficially own 227,400 shares held by JLA Realty Associates, LLC and notes that up to 2,750,000 shares may be issuable upon conversion of Conversion Notes to SJC Lending, LLC based on the Floor Price. The prospectus lists permitted methods of sale for registered shares, standard undertakings to update the registration and respond to requests for incorporated information, and the registrant notes SEC guidance that indemnification of directors/officers for Securities Act liabilities may be unenforceable. The filing is signed by Harvey B. Grossblatt as President and Chief Executive Officer.
Universal Safety Products, Inc. declared a one-time special cash dividend of $1.00 per share on its common stock. The dividend will be paid on September 25, 2025 to shareholders of record as of September 18, 2025.
Because this special dividend exceeds 20% of the company’s share price, the NYSE American will use a due bill process. From September 18 through the close of trading on September 25, 2025, anyone who sells shares also sells the right to receive the dividend, and buyers during this period obtain that right. The company notes that due bill obligations are handled between brokers and encourages shareholders to consult their brokers to understand how this trading period affects their dividend entitlement.
Universal Safety Products, Inc. reported an amendment to its governing documents in a Form 8-K filed around August 28-29, 2025. The company attached a First Amendment to the Bylaws as Exhibit 3.1 and indicated related amendment information under Item 5.03 (Amendments to Articles of Incorporation; Change in Fiscal Year). The filing also references Inline XBRL tagging for the cover page (Exhibit 101) and an embedded interactive data file (Exhibit 104). The disclosure is procedural in nature: it documents a corporate governance change and provides the amended bylaw text as an exhibit for investor review.
Universal Safety Products, Inc. presents a preliminary proxy proposing a broad set of charter and equity actions for stockholder approval. The company seeks to increase authorized Common Stock from 20,000,000 to 220,000,000, authorize 25,000,000 shares of blank‑check preferred stock and 20,000,000 shares of Class B common stock, and eliminate super‑majority voting requirements. The proxy also seeks approval of a 2025 Equity Incentive Plan, specific equity issuances to directors and executive officers under NYSE American rules, and additional Common Stock to cover a convertible note issued under a Securities Purchase Agreement dated August 13, 2025 (the PIPE Proposal). Charter amendments require two‑thirds (2/3) of issued and outstanding Common Stock for the listed amendments; most equity matters require a majority of votes cast. The filing describes dilution risks, potential effects on EPS and dividends, and standard plan mechanics including option, SAR, restricted stock and performance award terms.
Universal Safety Products, Inc. reported 2,312,887 shares issued and outstanding at both June 30, 2025 and March 31, 2025. The company maintains a factoring arrangement that can advance against eligible accounts receivable and inventory; available borrowing capacity was approximately $45,000 at June 30, 2025 and $348,000 at March 31, 2025. There was $0 borrowed under the factoring facility at June 30, 2025 and $2,100,458 outstanding at March 31, 2025. Cash on deposit with the factor totaled $1,837,828 at June 30, 2025.
The factoring advances bear interest at the prime commercial rate plus two percent (reported effective rate 9.5% at the referenced dates). Collected cash with the factor earns interest at the factor's prime less 2.5 percent (effective 5.0%). Two customers represented 19.1% and 12.5% of trade receivables at June 30, 2025. Operating lease costs were approximately $43,000 for the quarter and $160,000 for the fiscal year; lease liabilities totalled $13,330 with a weighted-average remaining lease term of one month and discount rate of 5.5%. The company entered a Securities Purchase Agreement to sell convertible notes up to $2,750,000 for up to $2.5 million in proceeds, subject to customary closings and approvals. No potentially dilutive common stock equivalents were outstanding for the three months ended June 30, 2025 or 2024.
Universal Safety Products, Inc. filed a Form D claiming a Regulation D exemption under Rule 506(b) for a private offering of securities. The issuer is a Maryland corporation with principal offices in Owings Mills, MD. The offering size is $2,500,000, of which $1,000,000 has been sold and $1,500,000 remains available. The filing lists the types of securities offered as debt, options/warrants, and the securities issuable on exercise. The minimum outside investment is stated as $2,500,000, and the filing reports one investor to date. Sales commissions and finders’ fees are reported as $0. The issuer indicates the offering will not last more than one year and is not tied to a business combination.
Universal Safety Products, Inc. filed a Form 12b-25 notifying a late NT 10-Q for the period ended June 30, 2025. The company says ongoing global disruptions delayed auditor confirmations of balances and required additional audit time. It elected relief to file the report within 15 calendar days. The registrant anticipates lower sales but higher net income for the quarter due to a reported asset sale, but cannot yet quantify results. Other required periodic reports for the past 12 months have been filed. Contact is listed as Harvey B. Grossblatt.
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.