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Material updates from SEC filings (8-K, 10-Q, 10-K) ranked by impact, with no firehose noise.
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The disclosure required by this Item and included in
The Note described in this Current Report on Form 8-K was offered and issued to SJC in reliance upon exemption from the registration requirements under Section 4(a)(2) under the Securities Act of 1933, as amended.
Entry into a Material Definitive Agreement. On June 12, 2026 (the “ Execution Date ”), Universal Safety Products, Inc., a Maryland corporation (the “ Company ”) entered into a Securities Purchase Agreement (the “ Agreement ”) with SJC Lending LLC, a Delaware limited liability company (“ SJC ”), pursuant to which the Company agreed to sell to SJC convertible promissory notes in the aggregate principal amount of up to $10,600,000 (the “ Convertible Notes ”) for a total purchase price of up to $…
Unregistered Sales of Equity Securities. On March 11, 2026, Universal Safety Products, Inc. (the “ Company ”) issued 125,000 shares of its common stock, par value $0.01 per share (the “ Common Stock ”) upon conversion of $470,720 of principal and accrued interest under a convertible note issued on September 25, 2025 (the “ Convertible Note ”). On May 15, 2026, the Company issued 185,575 shares of C ommon Stock upon conversion of $886,872.70 of principal and accrued interest under the Converti…
Unregistered Sales of Equity Securities. Between January 26, 2026 and February 3, 2026, Universal Safety Products, Inc. (the “ Company ”) issued an aggregate of 405,000 shares of its common stock, par value $0.01 per share (the “ Common Stock ”) upon conversion of $1,503,424.80 of principal and accrued interest under a convertible note. The shares of Common Stock were offered and sold in reliance upon an exemption from the registration requirements under Section 4(a)(2) under the Securities A…
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On October 1, 2025, Universal Safety Products, Inc., a Maryland corporation (the “ Company ”) entered into an employment agreement (the “ Agreement ”) with Harvey B. Grossblatt, the Company’s President and Chief Executive Officer, to continue to serve as the Company’s President and Chief Executive Officer through July 31, 2027. Pursuant to the Agre…
Entry into a Material Definitive Agreement. The information set forth under
Regulation FD Disclosure. On September 2, 2025, Universal Safety Products, Inc. (the “ Company ”) issued a press release (the “ Press Release ”) announcing a one-time special cash dividend to holders of the Company’s common stock, par value $0.01 per share (the “ Common Stock ”) of $1.00 per share (the “ Special Dividend ”). The record date for the dividend is September 18. 2025 , and the payment date is September 25, 2025. A copy of the Press Release is furnished herewith as Exhibit 99.1 and…
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The disclosure required by this Item and included in
The Note described in this Current Report on Form 8-K was offered and issued to SJC in reliance upon exemption from the registration requirements under Section 4(a)(2) under the Securities Act of 1933, as amended.
Entry into a Material Definitive Agreement. On August 13, 2025 (the “ Execution Date ”), Universal Safety Products, Inc., a Maryland corporation (the “ Company ”) entered into a Securities Purchase Agreement (the “ Agreement ”) with SJC Lending LLC, a Delaware limited liability company (“ SJC ”), pursuant to which the Company agreed to sell to SJC convertible promissory notes in the aggregate principal amount of up to $2,750,000 (the “ Convertible Notes ”) for a total purchase price of up to…
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On July 28, 2025, Cary Luskin, a member of the Board of Directors of Universal Safety Products, Inc., resigned from the Board for personal reasons, effective July 28, 2025. - 2 - SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned th…
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. On July 16, 2025, Universal Safety Products, Inc. (the “Company”) received a letter (the “Delinquency Notification”) from NYSE Regulation stating that the Company is not in compliance with the continued listing standards of NYSE American LLC (the “Exchange”) due to the Company’s failure to timely file its Annual Report on Form 10-K for the year ended March 31, 2025 with the Securities and Exch…
Changes in Registrant's Certifying Accountant. On November 1, 2024, CBIZ CPAs P.C. (“ CBIZ ”) acquired the attest business of Marcum LLP (“ Marcum ”). Accordingly, on June 2, 2025, as a result of the acquisition, Marcum resigned as the named audit firm of Universal Safety Products, Inc., formerly “Universal Security Instruments, Inc.” (the “ Company ”), and, with the approval of the Company’s Audit Committee of the Board of Directors, CBIZ was engaged as the Company’s independent registered p…
Entry into a Material Definitive Agreement. As previously announced, on October 29, 2024, Universal Security Instruments, Inc. and its wholly-owned subsidiary, USI Electric, Inc. (collectively, the “ Company ”), entered into an Asset Purchase Agreement (the “ Agreement ”) with Feit Electric Company, Inc., a California corporation (“ Feit Electric ”), pursuant to which Feit Electric agreed to acquire certain assets of the Company (the “ Asset Sale ”), consisting of smoke alarm and carbon monox…
Completion of Acquisition or Disposition of Assets. Certain information required by this
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On May 22, 2025, the Board of Directors of the Company (the “ Board ”) appointed the following two additional directors in accordance with the previously announced Memorandum of Understanding (“ MOU ”), by and between the Company and Ault & Company, Inc., a Delaware corporation (“ A&C ”), dated as of April 15, 2025: · Henry Nisser was appointed to…
Entry into a Material Definitive Agreement. To the extent the terms of the MOU referred to in
Other Events. On April 15, 2025, the Company entered into a Memorandum of Understanding (“ MOU ”) with Ault & Company, Inc., a Delaware corporation (“ A&C ”). Harvey Grossblatt, President and Chief Executive Officer of the Company, joined in the MOU for the limited purposes set forth therein. Pursuant to the MOU, A&C agreed to vote at the Meeting (defined below) all the shares of the Company’s Common Stock (the “ Common Stock ”) that it has the power to vote in favor of (i) the sale of all or…
Other Events. As stated in the Proxy Statement, in the event that the Company’s shareholders approve the Asset Sale but not the Dissolution, the Company will still seek to complete the Asset Sale. As reported above, the shareholders did not approve the Dissolution and, as a result, the Company cannot proceed at this time with the Dissolution. The Board is evaluating alternatives available to the Company, including, among other things, using the cash to pay a dividend, acquiring other business…
Results of Operations and Financial Condition. On February 14, 2025, Universal Security Instruments, Inc. (the “Company”) announced its results of operations for its fiscal quarter and nine months ended December 31, 2024. A copy of the Company’s press release announcing such results dated February 14, 2025 is attached hereto as Exhibit 99.1. This Form 8-K and the attached exhibit are furnished to, but not filed with, the Securities and Exchange Commission (“SEC”) and shall not be deemed to be…
Importance-ranked changes since the prior daily snapshot.
Valuation label changed from 'fair' to 'inexpensive'.
General market headlines, full earnings-call transcripts, and macro and sector developments flagged when they directly affect this stock are on the way. Today this tab covers SEC filings.
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