UUU Schedule 13D/A shows Ault-led group ownership update
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Form Type
SCHEDULE 13D/A
Universal Safety Products, Inc. (UUU) shareholders led by Milton C. Ault III filed Amendment No. 5 to a Schedule 13D to update their ownership in the company’s common stock. The filing is based on 2,312,887 shares outstanding as of November 19, 2025. Mr. Ault beneficially owns 157,222 shares, or approximately 6.8% of the company, including 50,000 option shares that are currently exercisable or become exercisable within 60 days. Fellow director Henry C. Nisser beneficially owns 25,000 option shares, representing about 1.1% of the company. Related entities, including Hyperscale Data, Inc., Ault Capital Group, Ault Lending, Alpha Structured Finance and Ault & Company, report various shared voting and dispositive powers over blocks of stock, with Hyperscale and Ault Capital each reporting beneficial ownership of 102,222 shares, or 4.4% of the outstanding common stock.
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 |
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 5)
|
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) |
11/21/2025 (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 No. | 913821302 |
| 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: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
102,222.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
4.4 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
CO |
SCHEDULE 13D
|
| CUSIP No. | 913821302 |
| 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: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
5,000.00 | ||||||||
| 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 No. | 913821302 |
| 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: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
5,953.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
0.3 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
PN |
SCHEDULE 13D
|
| CUSIP No. | 913821302 |
| 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: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
5,953.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
0.3 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
OO |
SCHEDULE 13D
|
| CUSIP No. | 913821302 |
| 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: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
5,953.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
0.3 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
OO |
SCHEDULE 13D
|
| CUSIP No. | 913821302 |
| 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: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
96,269.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
4.2 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
OO |
SCHEDULE 13D
|
| CUSIP No. | 913821302 |
| 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: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
102,222.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
4.4 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
CO |
SCHEDULE 13D
|
| CUSIP No. | 913821302 |
| 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 | ||||||||
| 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: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
157,222.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
6.8 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
IN |
SCHEDULE 13D
|
| CUSIP No. | 913821302 |
| 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: |
| ||||||||
| 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)
1.1 % | ||||||||
| 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. 5 ("Amendment No. 5") 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. 5 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. 5 shall have the meaning assigned to such term in the Schedule 13D. | ||
| Item 2. | Identity and Background | |
| (a) | Item 2(a) is hereby amended and restated to read as follows:
This Schedule 13D is filed by:
(i) Hyperscale Data, Inc., a Delaware corporation ("Hyperscale"), as the holder of all of the equity interests of Ault Capital Group, Inc., a Nevada corporation ("Ault Capital");
(ii) Ault & Company, Inc., a Delaware corporation ("A&C"), with respect to the shares of Common Stock of the Issuer (the "Shares") beneficially owned by it;
(iii) Alpha Structured Finance LP, a Delaware limited partnership ("Alpha Fund"), with respect to the Shares beneficially owned by it;
(iv) Alpha Structured Finance GP LLC, a Delaware limited liability company ("Alpha GP"), as the general partner of Alpha Fund;
(v) ACG Alpha Management LLC, a Delaware limited liability company ("Alpha Management"), as the investment manager of Alpha Fund and the managing member of Alpha GP;
(vi) Ault Lending, LLC, a California limited liability company ("Ault Lending"), with respect to the Shares beneficially owned by it;
(vii) Ault Capital, as the holder of all of the equity interests of Alpha Management and Ault Lending;
(viii) Milton C. Ault, III, as Chief Executive Officer and Chairman of A&C, CEO and Chief Investment Officer of Alpha Management, Executive Chairman of Ault Capital and Executive Chairman of Hyperscale; and
(ix) Henry Nisser, as President, General Counsel and Director of A&C.
Each of the foregoing is referred to as a "Reporting Person" and collectively as the "Reporting Persons." Set forth on Exhibit 1 annexed hereto ("Exhibit 1") is the name and present principal occupation or employment, principal business address and citizenship of the executive officers and directors of A&C, Alpha Fund, Alpha GP, Alpha Management, Ault Lending, Ault Capital and Hyperscale. To the best of the Reporting Persons' knowledge, except as otherwise set forth herein, none of the persons listed in Exhibit 1 beneficially owns any securities of the Issuer or is a party to any contract, agreement or understanding required to be disclosed herein. | |
| 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 5,000 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 $13,723.80, including brokerage commissions.
The aggregate purchase price of the 5,953 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 $15,818.62, including brokerage commissions.
The aggregate purchase price of the 96,269 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 $401,587.71, including brokerage commissions.
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.
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 2,312,887 Shares outstanding as of November 19, 2025, 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 November 19, 2025.
As of the date hereof, Hyperscale, as the majority holder of the equity interests of Ault Capital, may be deemed to beneficially own the 102,222 Shares beneficially owned in the aggregate by Alpha Fund and Ault Lending.
Percentage: 4.4%
As of the date hereof, A&C beneficially owned 5,000 Shares.
Percentage: Less than 1%
As of the date hereof, Alpha Fund beneficially owned 5,953 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 5,953 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 5,953 Shares beneficially owned by Alpha Fund.
Percentage: Less than 1%
As of the date hereof, Ault Lending beneficially owned 96,269 Shares.
Percentage: 4.2%
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 102,222 Shares beneficially owned in the aggregate by Alpha Fund and Ault Lending.
Percentage: 4.4%
As of the date hereof, Mr. Ault beneficially owned 157,222 Shares, including 50,000 Shares underlying certain options that are currently exercisable or become exercisable within 60 days and the 107,222 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 6.8%
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: 1.1% | |
| (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: 102,222
3. Sole power to dispose or direct the disposition: 0
4. Shared power to dispose or direct the disposition: 102,222
A&C:
1. Sole power to vote or direct vote: 0
2. Shared power to vote or direct vote: 5,000
3. Sole power to dispose or direct the disposition: 0
4. Shared power to dispose or direct the disposition: 5,000
Alpha Fund:
1. Sole power to vote or direct vote: 0
2. Shared power to vote or direct vote: 5,953
3. Sole power to dispose or direct the disposition: 0
4. Shared power to dispose or direct the disposition: 5,953
Alpha GP:
1. Sole power to vote or direct vote: 0
2. Shared power to vote or direct vote: 5,953
3. Sole power to dispose or direct the disposition: 0
4. Shared power to dispose or direct the disposition: 5,953
Alpha Management:
1. Sole power to vote or direct vote: 0
2. Shared power to vote or direct vote: 5,953
3. Sole power to dispose or direct the disposition: 0
4. Shared power to dispose or direct the disposition: 5,953
Ault Lending:
1. Sole power to vote or direct vote: 0
2. Shared power to vote or direct vote: 96,269
3. Sole power to dispose or direct the disposition: 0
4. Shared power to dispose or direct the disposition: 96,269
Ault Capital:
1. Sole power to vote or direct vote: 0
2. Shared power to vote or direct vote: 102,222
3. Sole power to dispose or direct the disposition: 0
4. Shared power to dispose or direct the disposition: 102,222
Mr. Ault:
1. Sole power to vote or direct vote: 50,000
2. Shared power to vote or direct vote: 107,222
3. Sole power to dispose or direct the disposition: 50,000
4. Shared power to dispose or direct the disposition: 107,222
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. 4 except as set forth in Exhibit 2 hereto. | |
| Item 7. | Material to be Filed as Exhibits. | |
Exhibit 1 - Officers and Directors
Exhibit 2 - Transactions in Securities of the Issuer Since the Filing of Amendment No 4 | ||
| 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.
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FAQ
What is the purpose of this Schedule 13D/A Amendment No. 5 for UUU?
This filing updates the beneficial ownership information of a group of reporting persons in Universal Safety Products, Inc. (UUU) common stock. It revises prior disclosures in their Schedule 13D to reflect current share amounts, percentage ownership and the structure of the affiliated entities.
How many Universal Safety Products (UUU) shares are outstanding as of the latest date in the filing?
The ownership percentages in the filing are calculated based on 2,312,887 shares of common stock outstanding as of November 19, 2025, as reported in the company’s Form 10-Q filed on that date.
How much of UUU does Milton C. Ault III beneficially own according to this 13D/A?
Milton C. Ault III beneficially owns 157,222 shares of Universal Safety Products, representing approximately 6.8% of the outstanding common stock. This amount includes 50,000 shares underlying stock options with a strike price of $3.40 per share that expire on August 26, 2035 and are fully vested.
What equity awards in UUU were granted to Milton C. Ault III and Henry C. Nisser?
Mr. Ault was awarded stock options to purchase 50,000 shares of UUU common stock at an exercise price of $3.40 per share, expiring on August 26, 2035, which fully vested on October 20, 2025. Mr. Nisser was awarded stock options to purchase 25,000 shares on the same terms, also fully vested on October 20, 2025.
What are the key holdings of Hyperscale Data, Ault Capital and Ault Lending in UUU?
As of the reported date, Hyperscale Data, Inc., through its control of Ault Capital, may be deemed to beneficially own 102,222 shares of UUU, or 4.4% of the outstanding stock. Ault Capital Group, Inc. is likewise deemed to beneficially own 102,222 shares, or 4.4%. Ault Lending, LLC directly beneficially owns 96,269 shares, representing 4.2% of UUU common stock.
How were the UUU shares held by A&C, Alpha Fund and Ault Lending acquired?
The filing states that Ault & Company, Inc. acquired 5,000 shares, Alpha Structured Finance LP acquired 5,953 shares, and Ault Lending, LLC acquired 96,269 shares of UUU common stock in open market purchases using working capital. The aggregate purchase prices, including brokerage commissions, were $13,723.80, $15,818.62, and $401,587.71, respectively.
Did the reporting persons disclose any recent transactions in UUU shares?
The filing states that none of the reporting persons have engaged in transactions in Universal Safety Products common stock since the filing of Amendment No. 4, except as listed in Exhibit 2 referenced in the document.