---
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"
generated_at: "2026-05-17T12:43:51.882514+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.95
calibrated_materiality_score: 0.95
confidence: "high"
source: SEC EDGAR
---

# Universal Safety Products enters into $2.75M convertible note agreement with SJC Lending LLC

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.95
- calibrated_materiality_score: 0.95
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-078006
- JSON: https://secwatch.observer/filing/0001104659-25-078006.json
- Plain text: https://secwatch.observer/filing/0001104659-25-078006.txt

## Key facts
- Debt Financings
  UNIVERSAL SAFETY PRODUCTS, INC. incurred convertible notes of $1,100,000 with SJC Lending LLC at 8% per annum maturing first anniversary of issuance.
  - Instrument: convertible notes
  - Principal: $1,100,000
  - Counterparty: SJC Lending LLC
  - Rate: 8% per annum
  - Maturity: first anniversary of issuance
  - Event: incurrence
  source text: The first Convertible Note, which was issued to SJC on the Execution Date, has a principal face amount of $1,100,000
  evidence_url: https://www.sec.gov/Archives/edgar/data/102109/000110465925078006/0001104659-25-078006-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.