Ault-led group (UUU) discloses 21.1% Universal Safety ownership stake

Rhea-AI Filing Summary

A group of affiliated investors led by Milton C. Ault III filed Amendment No. 10 to their Schedule 13D on Universal Safety Products, Inc. common stock. The filing reports that Mr. Ault beneficially owns 585,330 shares, or about 21.1% of the company, based on 2,717,787 shares outstanding as of February 24, 2026. Entities tied to him include Hyperscale Data and Ault Capital at 528,630 shares each (19.5%), and Ault Lending at 518,630 shares (19.1%). The group details open‑market purchases and a 300,000‑share acquisition by Ault Lending under a stock purchase agreement with JLA Realty Associates for $1.8 million, funded through promissory notes. The amendment also notes director stock options for Mr. Ault and Henry C. Nisser with a strike price of $3.40 per share.

Insights

Equity ownership & governance analyst

Ault-led group discloses a 21.1% stake and recent large share purchase.

The filing shows a coordinated investor group led by Milton C. Ault III holding a significant position in Universal Safety Products, Inc.. Mr. Ault reports beneficial ownership of 585,330 shares, or about 21.1% of the common stock, including options exercisable within 60 days.

Ault Lending’s role is notable, with 518,630 shares (19.1%) after acquiring 300,000 shares via a stock purchase agreement with JLA Realty Associates for $1,800,000, satisfied through promissory notes. Other affiliated entities such as Hyperscale Data and Ault Capital each report 528,630 shares, or 19.5%.

The amendment also highlights director incentive alignment: Mr. Ault holds options over 50,000 shares and Mr. Nisser options over 25,000 shares, both at a $3.40 strike, vesting by October 20, 2025. Subsequent filings may provide further detail on any additional transactions or governance developments around this large ownership position.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 10)

UNIVERSAL SAFETY PRODUCTS, INC.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

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)

02/27/2026

(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

CUSIP Number(s):

1

Name of reporting person

Hyperscale Data, Inc.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

AF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 528,630.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 528,630.00

11

Aggregate amount beneficially owned by each reporting person

528,630.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

19.5 %

14

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13D

CUSIP Number(s):

1

Name of reporting person

Ault & Company, Inc.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

AF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 6,000.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 6,000.00

11

Aggregate amount beneficially owned by each reporting person

6,000.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0.2 %

14

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13D

CUSIP Number(s):

1

Name of reporting person

Alpha Structured Finance LP

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 10,000.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 10,000.00

11

Aggregate amount beneficially owned by each reporting person

10,000.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0.4 %

14

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13D

CUSIP Number(s):

1

Name of reporting person

Alpha Structured Finance GP LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

AF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 10,000.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 10,000.00

11

Aggregate amount beneficially owned by each reporting person

10,000.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0.4 %

14

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13D

CUSIP Number(s):

1

Name of reporting person

ACG Alpha Management LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

AF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 10,000.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 10,000.00

11

Aggregate amount beneficially owned by each reporting person

10,000.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0.4 %

14

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13D

CUSIP Number(s):

1

Name of reporting person

Ault Lending, LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

CALIFORNIA

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 518,630.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 518,630.00

11

Aggregate amount beneficially owned by each reporting person

518,630.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

19.1 %

14

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13D

CUSIP Number(s):

1

Name of reporting person

Ault Capital Group, Inc.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

AF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

NEVADA

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 528,630.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 528,630.00

11

Aggregate amount beneficially owned by each reporting person

528,630.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

19.5 %

14

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13D

CUSIP Number(s):

1

Name of reporting person

AULT MILTON C III

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

AF, PF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 50,700.00
8	Shared Voting Power 534,630.00
9	Sole Dispositive Power 50,700.00
10	Shared Dispositive Power 534,630.00

11

Aggregate amount beneficially owned by each reporting person

585,330.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

21.1 %

14

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13D

CUSIP Number(s):

1

Name of reporting person

NISSER HENRY CARL

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

AF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

SWEDEN

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 25,000.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 25,000.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

25,000.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0.9 %

14

Type of Reporting Person (See Instructions)

IN

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. 10 ("Amendment No. 10") 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. 10 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. 10 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 6,000 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 $18,032.80, including brokerage commissions. The aggregate purchase price of the 10,000 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 $36,062.60, including brokerage commissions. The aggregate purchase price of the 218,630 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 $992,043.35, 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 "Purchase Agreement") with JLA Realty Associates LLC ("JLA") dated January 16, 2026, is $1,800,000. Pursuant to the 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. 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 700 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 $3,375.56, 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) 2,717,787 Shares outstanding as of February 24, 2026, which is the total number of Shares outstanding as reported in the Issuer's Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission on February 24, 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 528,630 Shares beneficially owned in the aggregate by Alpha Fund and Ault Lending. Percentage: 19.5% As of the date hereof, A&C beneficially owned 6,000 Shares. Percentage: Less than 1% As of the date hereof, Alpha Fund beneficially owned 10,000 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 10,000 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 10,000 Shares beneficially owned by Alpha Fund. Percentage: Less than 1% As of the date hereof, Ault Lending beneficially owned 518,630 Shares. Percentage: 19.1% 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 528,630 Shares beneficially owned in the aggregate by Alpha Fund and Ault Lending. Percentage: 19.5% As of the date hereof, Mr. Ault beneficially owned 585,330 Shares, including 700 Shares beneficially owned directly, 50,000 Shares underlying certain options that are currently exercisable or become exercisable within 60 days and the 534,630 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 21.1% 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: 528,630 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 528,630 A&C: 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 6,000 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 6,000 Alpha Fund: 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 10,000 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 10,000 Alpha GP: 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 10,000 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 10,000 Alpha Management: 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 10,000 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 10,000 Ault Lending: 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 518,630 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 518,630 Ault Capital: 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 528,630 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 528,630 Mr. Ault: 1. Sole power to vote or direct vote: 50,700 2. Shared power to vote or direct vote: 534,630 3. Sole power to dispose or direct the disposition: 50,700 4. Shared power to dispose or direct the disposition: 534,630 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. 9 except as set forth in Exhibit 1 hereto.
Item 7.	Material to be Filed as Exhibits.
	Exhibit 1 - Transactions in Securities of the Issuer Since the Filing of Amendment No. 9

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:	03/03/2026

Ault & Company, Inc.

Signature:	/s/ Milton C. Ault, III
Name/Title:	Milton C. Ault, III, Chief Executive Officer
Date:	03/03/2026

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:	03/03/2026

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:	03/03/2026

ACG Alpha Management LLC

Signature:	/s/ Milton C. Ault, III
Name/Title:	Milton C. Ault, III, CEO and Chief Investment Officer
Date:	03/03/2026

Ault Lending, LLC

Signature:	/s/ David J. Katzoff
Name/Title:	David J. Katzoff, Manager
Date:	03/03/2026

Ault Capital Group, Inc.

Signature:	/s/ Milton C. Ault, III
Name/Title:	Milton C. Ault, III, Executive Chairman
Date:	03/03/2026

AULT MILTON C III

Signature:	/s/ Milton C. Ault, III
Name/Title:	Milton C. Ault, III
Date:	03/03/2026

NISSER HENRY CARL

Signature:	/s/ Henry C. Nisser
Name/Title:	Henry C. Nisser
Date:	03/03/2026

FAQ

What stake in Universal Safety Products (UUU) does Milton C. Ault III report?

Milton C. Ault III reports beneficial ownership of about 585,330 shares, or approximately 21.1% of Universal Safety Products, Inc. common stock. This total includes directly held shares, options exercisable within 60 days, and shares held through affiliated entities he may be deemed to beneficially own.

How many Universal Safety Products (UUU) shares does Ault Lending, LLC hold?

Ault Lending, LLC reports beneficial ownership of 518,630 shares of Universal Safety Products common stock, representing about 19.1% of the company. This includes 300,000 shares acquired under a stock purchase agreement with JLA Realty Associates for $1.8 million via promissory notes.

What ownership does Hyperscale Data, Inc. report in Universal Safety Products (UUU)?

Hyperscale Data, Inc. may be deemed to beneficially own 528,630 shares of Universal Safety Products, Inc., equal to about 19.5% of the outstanding common stock. This reflects its status as majority holder of Ault Capital’s equity interests and the shares held through affiliated entities.

How many Universal Safety Products (UUU) shares are outstanding in this filing?

The reported ownership percentages are based on 2,717,787 shares of Universal Safety Products, Inc. common stock outstanding as of February 24, 2026. That outstanding share count comes from the company’s proxy statement on Schedule 14A referenced in the Schedule 13D amendment.

What stock option awards are disclosed for directors of Universal Safety Products (UUU)?

Milton C. Ault III holds options to purchase 50,000 shares and Henry C. Nisser holds options for 25,000 shares of Universal Safety Products. Each option has a $3.40 strike price, expires on August 26, 2035, and fully vested on October 20, 2025.

What is the purchase price and structure of Ault Lending’s 300,000-share UUU acquisition?

Ault Lending acquired 300,000 shares of Universal Safety Products under a stock purchase agreement with JLA Realty Associates at an aggregate price of $1,800,000. As consideration, Ault Lending issued promissory notes to JLA in that aggregate initial principal amount.