{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-078006","form_type":"8-K","ticker":"UUU","cik":"0000102109","company_name":"UNIVERSAL SAFETY PRODUCTS, INC.","filed_at":"2025-08-14T23:59:59+00:00","discovered_at":"2026-05-14T18:02:43.140003+00:00","generated_at":"2026-05-17T12:43:51.882514+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.95,"calibrated_materiality_score":0.95,"confidence":"high","headline":"Universal Safety Products enters into $2.75M convertible note agreement with SJC Lending LLC","bullets":["Agreement provides for up to $2.75M principal amount of convertible notes, purchased for $2.5M total.","Initial tranche closed on Aug 13, 2025: $1.1M note issued for $1M purchase price.","Notes accrue 8% interest (20% upon default), mature one year from issuance.","Conversion price is greater of $1.00 floor or 80% of 10-day VWAP, capped at $10.00 per share.","Issuance of shares beyond 19.99% of outstanding common stock requires stockholder approval and exchange approval."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-078006","json":"https://secwatch.observer/filing/0001104659-25-078006.json","markdown":"https://secwatch.observer/filing/0001104659-25-078006.md","text":"https://secwatch.observer/filing/0001104659-25-078006.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/102109/000110465925078006/0001104659-25-078006-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/102109/000110465925078006/tm2523324d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud","generated_at":"2026-05-17T12:43:51.882514+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"11ed036295dc897e017f841de6b0e2ad7468314c","claim":"UNIVERSAL SAFETY PRODUCTS, INC. incurred convertible notes of $1,100,000 with SJC Lending LLC at 8% per annum maturing first anniversary of issuance.","evidence_excerpt":"The first Convertible Note, which was issued to SJC on the Execution Date, has a principal face amount of $1,100,000","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/102109/000110465925078006/0001104659-25-078006-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$1,100,000"},{"label":"Counterparty","value":"SJC Lending LLC"},{"label":"Rate","value":"8% per annum"},{"label":"Maturity","value":"first anniversary of issuance"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}