What were the key terms of the Lazar voting and put arrangement related to Universal Safety Products (UUU)?

Ault Lending agreed that David Lazar would vote all his shares for management proposals at a July 31, 2026 special meeting in exchange for a conditional put right at $7.25–$8.00 per share, which lapsed when two management proposals were not approved.

Universal Safety Products (UUU) Ault group reports 35.9% stake

Q: What percentage of Universal Safety Products (UUU) does Milton C. Ault III beneficially own?

Milton C. Ault III beneficially owns 1,104,052 shares , or approximately 35.9% of Universal Safety Products’ common stock, including 50,000 vested options and indirect holdings through Ault & Company, Alpha Structured Finance, Ault Lending, Ault Capital and Hyperscale-related entities.

Q: How many Universal Safety Products (UUU) shares are outstanding for these ownership calculations?

The reported ownership percentages use 3,028,363 shares of Universal Safety Products common stock outstanding as of July 9, 2026 , as disclosed in the company’s Registration Statement on Form S-1 filed on July 10, 2026.

Q: What is Ault Lending’s stake in Universal Safety Products (UUU) and how was it acquired?

Ault Lending beneficially owns 1,025,252 shares , or about 33.9% of Universal Safety Products, acquired via open-market purchases of 385,252 shares for $1,928,173.42 and two stock purchase agreements totaling 640,000 shares for $3,755,000 in promissory notes.

Q: What stock options in Universal Safety Products (UUU) were granted to Milton C. Ault III and Henry C. Nisser?

Mr. Ault holds options for 50,000 shares and Mr. Nisser holds options for 25,000 shares , each with a $3.40 strike price, expiring on August 26, 2035 , and fully vested on October 20, 2025 in their roles as directors.

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

SCHEDULE 13D/A

Rhea-AI Filing Summary

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.

Key Figures

Shares outstanding: 3,028,363 shares Milton C. Ault III holdings: 1,104,052 shares (35.9%) Ault Lending holdings: 1,025,252 shares (33.9%) +5 more

8 metrics

Shares outstanding 3,028,363 shares Common stock outstanding as of July 9, 2026

Milton C. Ault III holdings 1,104,052 shares (35.9%) Beneficial ownership including options and indirect interests

Ault Lending holdings 1,025,252 shares (33.9%) Beneficial ownership of Universal Safety Products common stock

Hyperscale/Ault Capital holdings 1,045,252 shares (34.5%) Beneficially owned in aggregate via Alpha Fund and Ault Lending

Open-market purchases by Ault Lending $1,928,173.42 Aggregate price for 385,252 shares bought with working capital

January Purchase Agreement 300,000 shares for $1,800,000 Shares bought from JLA Realty Associates via promissory notes

SJC Purchase Agreement 340,000 shares for $1,955,000 Shares bought from SJC Lending via promissory notes

Lazar put right prices $7.25–$8.00 per share Contingent sale prices under terminated put right to Ault Lending

Key Terms

beneficially owned, Stock Purchase Agreement, promissory notes, put right, +1 more

5 terms

beneficially owned financial

"The aggregate percentage of Shares reported beneficially owned by the Reporting Person"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

Stock Purchase Agreement financial

"purchased by Ault Lending pursuant to the Stock Purchase Agreement with JLA"

A stock purchase agreement is a legal contract that sets the terms for buying or selling shares, specifying the price, number of shares, how payment is made, and any conditions or promises each side must meet. It matters to investors because it defines who owns what, when ownership changes, and what protections or obligations attach to the deal—think of it as a detailed receipt plus the house rules that determine the financial risks and benefits of the transaction.

promissory notes financial

"Ault Lending issued promissory notes in favor of JLA in an aggregate initial principal amount"

A promissory note is a written IOU in which a borrower promises to repay a specific amount to a lender, usually with stated interest and by a set date. Investors care because these notes are a formal debt claim—like holding a scheduled payment stream—so they affect a company’s borrowing costs, cash flow and credit risk; notes can be bought, sold or used as collateral, which influences liquidity and recoveries if things go wrong.

put right financial

"Ault Lending will grant to Mr. Lazar a put right pursuant to which Mr. Lazar may require"

To put right means to fix a problem or make something conform to rules, contracts, or expectations, such as correcting an accounting error, repairing defective products, or resolving a regulatory breach. For investors, how a company puts things right matters because the speed, cost and thoroughness of the fix affect future profits, legal exposure and trust—think of it as a leak being repaired: the quicker and better the repair, the less damage to the house and its value.

special meeting of stockholders regulatory

"vote all of his Shares at the special meeting of stockholders of the Issuer scheduled"

A special meeting of stockholders is an unscheduled gathering called to let shareholders vote on specific, often urgent company decisions—like mergers, major asset sales, changes to the board, or amendments to governing rules. Think of it as an emergency town hall where owners cast ballots in person or by mail/online; outcomes can materially change a company’s strategy, control or value, so investors pay close attention and may need to vote or adjust holdings accordingly.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 07/31/2026 - 09:00 PM Accepted by SEC EDGAR 07/31/2026 - 09:00 PM

FAQ

What percentage of Universal Safety Products (UUU) does Milton C. Ault III beneficially own?

Milton C. Ault III beneficially owns 1,104,052 shares, or approximately 35.9% of Universal Safety Products’ common stock, including 50,000 vested options and indirect holdings through Ault & Company, Alpha Structured Finance, Ault Lending, Ault Capital and Hyperscale-related entities.

How many Universal Safety Products (UUU) shares are outstanding for these ownership calculations?

The reported ownership percentages use 3,028,363 shares of Universal Safety Products common stock outstanding as of July 9, 2026, as disclosed in the company’s Registration Statement on Form S-1 filed on July 10, 2026.

What is Ault Lending’s stake in Universal Safety Products (UUU) and how was it acquired?

Ault Lending beneficially owns 1,025,252 shares, or about 33.9% of Universal Safety Products, acquired via open-market purchases of 385,252 shares for $1,928,173.42 and two stock purchase agreements totaling 640,000 shares for $3,755,000 in promissory notes.

What ownership is reported for Hyperscale Data and Ault Capital in Universal Safety Products (UUU)?

Hyperscale Data and Ault Capital may each be deemed to beneficially own 1,045,252 shares of Universal Safety Products, representing 34.5% of the outstanding common stock, primarily through interests in Alpha Structured Finance and Ault Lending.

What stock options in Universal Safety Products (UUU) were granted to Milton C. Ault III and Henry C. Nisser?

Mr. Ault holds options for 50,000 shares and Mr. Nisser holds options for 25,000 shares, each with a $3.40 strike price, expiring on August 26, 2035, and fully vested on October 20, 2025 in their roles as directors.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 17)

UNIVERSAL SAFETY PRODUCTS, INC.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

913821302

(CUSIP Number)

Kenneth Schlesinger, Esq.
Olshan Frome Wolosky LLP, 1325 Avenue of the Americas
New York, NY, 10019
212-451-2300

Kenneth Mantel, Esq.
Olshan Frome Wolosky LLP, 1325 Avenue of the Americas
New York, NY, 10019
212-451-2300

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

07/30/2026

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

SCHEDULE 13D

Item 1.

Security and Issuer

(a)

Title of Class of Securities:

Common Stock

(b)

Name of Issuer:

UNIVERSAL SAFETY PRODUCTS, INC.

(c)

Address of Issuer's Principal Executive Offices:

11407 CRONHILL DRIVE, SUITES A-D, OWINGS MILLS, MARYLAND , 21117-3586.

Item 1 Comment:

This Amendment No. 17 ("Amendment No. 17") amends the statement on Schedule 13D originally filed by the Reporting Persons on December 23, 2024, as amended (the "Schedule 13D"), and relates to the Common Stock of UNIVERSAL SAFETY PRODUCTS, INC. Except as specifically provided herein, this Amendment No. 17 does not modify any of the information previously reported in the Schedule 13D. Unless otherwise indicated, each capitalized term used but not defined in this Amendment No. 17 shall have the meaning assigned to such term in the Schedule 13D.

Item 3.

Source and Amount of Funds or Other Consideration

Item 3 is hereby amended and restated to read as follows: The aggregate purchase price of the 6,200 Shares beneficially owned by A&C that were purchased directly by A&C with working capital (which may, at any given time, include margin loans made by brokerage firms in the ordinary course of business) in open market purchases is $18,824.80, including brokerage commissions. The aggregate purchase price of the 20,000 Shares beneficially owned by Alpha Fund that were purchased directly by Alpha Fund with working capital (which may, at any given time, include margin loans made by brokerage firms in the ordinary course of business) in open market purchases is $91,770.26, including brokerage commissions. The aggregate purchase price of the 385,252 Shares beneficially owned by Ault Lending that were purchased directly by Ault Lending with working capital (which may, at any given time, include margin loans made by brokerage firms in the ordinary course of business) in open market purchases is $1,928,173.42, including brokerage commissions. The aggregate purchase price of the 300,000 Shares beneficially owned by Ault Lending that were purchased by Ault Lending pursuant to the Stock Purchase Agreement (the "January Purchase Agreement") with JLA Realty Associates LLC ("JLA") dated January 16, 2026, is $1,800,000. Pursuant to the January Purchase Agreement, in consideration of the purchase of such Shares, Ault Lending issued promissory notes in favor of JLA in an aggregate initial principal amount of $1,800,000. The aggregate purchase price of the 340,000 Shares beneficially owned by Ault Lending that were purchased by Ault Lending pursuant to the Stock Purchase Agreement (the "Purchase Agreement") with SJC Lending, LLC ("SJC") dated April 30, 2026, as amended on May 15, 2026, is $1,955,000. Pursuant to the Purchase Agreement, in consideration of the purchase of such Shares, Ault Lending issued promissory notes in favor of SJC in an aggregate principal amount of $1,955,000. Mr. Ault has been awarded stock options to purchase 50,000 Shares in his capacity as a director of the Issuer, which have a strike price of $3.40 per share, expire on August 26, 2035, and all of which vested on October 20, 2025. The aggregate purchase price of the 2,600 Shares beneficially owned by Mr. Ault that were purchased directly by Mr. Ault with personal funds (which may, at any given time, include margin loans made by brokerage firms in the ordinary course of business) in open market purchases is $13,062.60, including brokerage commissions. Mr. Nisser has been awarded stock options to purchase 25,000 Shares in his capacity as a director of the Issuer, which have a strike price of $3.40 per share, expire on August 26, 2035, and all of which vested on October 20, 2025.

Item 5.

Interest in Securities of the Issuer

(a)

Item 5(a) is hereby amended and restated as follows: The aggregate percentage of Shares reported beneficially owned by the Reporting Person is based upon (i) 3,028,363 Shares outstanding as of July 9, 2026, which is the total number of Shares outstanding as reported in the Issuer's Registration Statement on Form S-1 filed with the Securities and Exchange Commission on July 10, 2026, (ii) solely with respect to Mr. Ault, 50,000 Shares underlying certain options held by him that are currently exercisable or become exercisable within 60 days and (iii) solely with respect to Mr. Nisser, 25,000 Shares underlying certain options held by him that are currently exercisable or become exercisable within 60 days. As of the date hereof, Hyperscale, as the majority holder of the equity interests of Ault Capital, may be deemed to beneficially own the 1,045,252 Shares beneficially owned in the aggregate by Alpha Fund and Ault Lending. Percentage: 34.5% As of the date hereof, A&C beneficially owned 6,200 Shares. Percentage: Less than 1% As of the date hereof, Alpha Fund beneficially owned 20,000 Shares. Percentage: Less than 1% As of the date hereof, Alpha GP, as the general partner of Alpha Fund, may be deemed to beneficially own the 20,000 Shares beneficially owned by Alpha Fund. Percentage: Less than 1% As of the date hereof, Alpha Management, as the investment manager of Alpha Fund, may be deemed to beneficially own the 20,000 Shares beneficially owned by Alpha Fund. Percentage: Less than 1% As of the date hereof, Ault Lending beneficially owned 1,025,252 Shares. Percentage: 33.9% As of the date hereof, Ault Capital, as the majority holder of the equity interests of Alpha Management and Ault Lending, may be deemed to beneficially own the 1,045,252 Shares beneficially owned in the aggregate by Alpha Fund and Ault Lending. Percentage: 34.5% As of the date hereof, Mr. Ault beneficially owned 1,104,052 Shares, including 2,600 Shares beneficially owned directly, 50,000 Shares underlying certain options that are currently exercisable or become exercisable within 60 days and the 1,051,452 Shares beneficially owned in the aggregate by A&C, Alpha Fund and Ault Lending that, as the Chief Executive Officer and Chairman of A&C, CEO and Chief Investment Officer of Alpha Management, Executive Chairman of Ault Capital, and the Executive Chairman of Hyperscale, Mr. Ault may be deemed to beneficially own. Percentage: Approximately 35.9% As of the date hereof, Mr. Nisser beneficially owned 25,000 Shares underlying certain options that are currently exercisable or become exercisable within 60 days. Percentage: Less than 1%

(b)

Item 5(b) is hereby amended and restated as follows: Hyperscale: 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 1,045,252 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 1,045,252 A&C: 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 6,200 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 6,200 Alpha Fund: 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 20,000 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 20,000 Alpha GP: 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 20,000 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 20,000 Alpha Management: 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 20,000 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 20,000 Ault Lending: 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 1,025,252 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 1,025,252 Ault Capital: 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 1,045,252 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 1,045,252 Mr. Ault: 1. Sole power to vote or direct vote: 52,600 2. Shared power to vote or direct vote: 1,051,452 3. Sole power to dispose or direct the disposition: 52,600 4. Shared power to dispose or direct the disposition: 1,051,452 Mr. Nisser: 1. Sole power to vote or direct vote: 25,000 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 25,000 4. Shared power to dispose or direct the disposition: 0

(c)

Item 5(c) is hereby amended and restated as follows: None of the Reporting Persons have engaged in any transactions in the Shares since the filing of Amendment No. 16 except as set forth in Exhibit 1 hereto.

Item 6.

Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer

Item 6 is hereby amended by adding the following: On July 30, 2026, Ault Lending and David Lazar agreed (the "Lazar Agreement") that Mr. Lazar would vote all of his Shares at the special meeting of stockholders of the Issuer scheduled for July 31, 2026 (the "Special Meeting") in support of each of the proposals put forward by management (the "Management Proposals"). Pursuant to the Lazar Agreement, if Mr. Lazar votes all of his shares for the Management Proposals and the Management Proposals are approved at the Special Meeting, then Ault Lending will grant to Mr. Lazar a put right pursuant to which Mr. Lazar may require Ault Lending or an affiliate of Ault Lending to purchase all of the Shares held by Mr. Lazar (i) between September 15, 2026 and October 15, 2026, at a purchase price of $7.25 per Share and (ii) between October 16, 2026 and November 15, 2026, at a purchase price of $8.00 per Share. The Special Meeting was held on July 31, 2026 but not all of the Management Proposals were approved, as two of the Management Proposals were rejected. As a result, the put right terminated upon the conclusion of the Special Meeting.

Item 7.

Material to be Filed as Exhibits.

Exhibit 1 - Transactions in Securities of the Issuer Since the Filing of Amendment No. 16

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Hyperscale Data, Inc.

Signature:	/s/ Milton C. Ault, III
Name/Title:	Milton C. Ault, III, Executive Chairman
Date:	07/31/2026

Ault & Company, Inc.

Signature:	/s/ Milton C. Ault, III
Name/Title:	Milton C. Ault, III, Chief Executive Officer
Date:	07/31/2026

Alpha Structured Finance LP

Signature:	/s/ Milton C. Ault, III
Name/Title:	Milton C. Ault, III, CEO and Chief Investment Officer of its Investment Manager
Date:	07/31/2026

Alpha Structured Finance GP LLC

Signature:	/s/ Milton C. Ault, III
Name/Title:	Milton C. Ault, III, CEO and Chief Investment Officer of its Managing Member
Date:	07/31/2026

ACG Alpha Management LLC

Signature:	/s/ Milton C. Ault, III
Name/Title:	Milton C. Ault, III, CEO and Chief Investment Officer
Date:	07/31/2026

Ault Lending, LLC

Signature:	/s/ David J. Katzoff
Name/Title:	David J. Katzoff, Manager
Date:	07/31/2026

Ault Capital Group, Inc.

Signature:	/s/ Milton C. Ault, III
Name/Title:	Milton C. Ault, III, Executive Chairman
Date:	07/31/2026

AULT MILTON C III

Signature:	/s/ Milton C. Ault, III
Name/Title:	Milton C. Ault, III
Date:	07/31/2026

NISSER HENRY CARL

Signature:	/s/ Henry C. Nisser
Name/Title:	Henry C. Nisser
Date:	07/31/2026

Source: View Original Filing on SEC EDGAR