secwatch.observer — SEC 8-K summary
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Issuer:     UNIVERSAL SAFETY PRODUCTS, INC. (UUU)
CIK:        0000102109
Form:       8-K
Filed at:   2026-05-19T20:30:26+00:00
Accession:  0001104659-26-063859
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Universal Safety Products converts $1.36M convertible note into 310,575 common shares
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- On March 11, 2026, issued 125,000 shares upon conversion of $470,720 of principal and accrued interest.
- On May 15, 2026, issued 185,575 shares upon conversion of $886,872.70 of principal and accrued interest.
- Convertible Note dated September 25, 2025 is fully converted and no longer outstanding.
- As of May 15, 2026, total common shares outstanding are 3,028,362.
- Shares were issued in reliance on Section 4(a)(2) exemption from registration.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/102109/000110465926063859/0001104659-26-063859-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/102109/000110465926063859/tm2615103d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-063859

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