| 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. 18 ("Amendment No. 18") 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. 18 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. 18 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 22,700 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 $105,815.32, including brokerage commissions.
The aggregate purchase price of the 446,533 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 $2,275,617.33, 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 7,100 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 $36,304.52, 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) 3,028,463 Shares outstanding as of August 14, 2026, which is the total number of Shares outstanding as reported in the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on August 14, 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 1,109,233 Shares beneficially owned in the aggregate by Alpha Fund and Ault Lending.
Percentage: 36.6%
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 22,700 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 22,700 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 22,700 Shares beneficially owned by Alpha Fund.
Percentage: Less than 1%
As of the date hereof, Ault Lending beneficially owned 1,086,533 Shares.
Percentage: 35.9%
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 1,109,233 Shares beneficially owned in the aggregate by Alpha Fund and Ault Lending.
Percentage: 36.6%
As of the date hereof, Mr. Ault beneficially owned 1,172,533 Shares, including 7,100 Shares beneficially owned directly, 50,000 Shares underlying certain options that are currently exercisable or become exercisable within 60 days and the 1,115,433 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 38.1%
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: 1,109,233
3. Sole power to dispose or direct the disposition: 0
4. Shared power to dispose or direct the disposition: 1,109,233
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: 22,700
3. Sole power to dispose or direct the disposition: 0
4. Shared power to dispose or direct the disposition: 22,700
Alpha GP:
1. Sole power to vote or direct vote: 0
2. Shared power to vote or direct vote: 22,700
3. Sole power to dispose or direct the disposition: 0
4. Shared power to dispose or direct the disposition: 22,700
Alpha Management:
1. Sole power to vote or direct vote: 0
2. Shared power to vote or direct vote: 22,700
3. Sole power to dispose or direct the disposition: 0
4. Shared power to dispose or direct the disposition: 22,700
Ault Lending:
1. Sole power to vote or direct vote: 0
2. Shared power to vote or direct vote: 1,086,533
3. Sole power to dispose or direct the disposition: 0
4. Shared power to dispose or direct the disposition: 1,086,533
Ault Capital:
1. Sole power to vote or direct vote: 0
2. Shared power to vote or direct vote: 1,109,233
3. Sole power to dispose or direct the disposition: 0
4. Shared power to dispose or direct the disposition: 1,109,233
Mr. Ault:
1. Sole power to vote or direct vote: 57,100
2. Shared power to vote or direct vote: 1,115,433
3. Sole power to dispose or direct the disposition: 57,100
4. Shared power to dispose or direct the disposition: 1,115,433
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. 17 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. 17 |
