---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-073513"
form_type: "8-K"
ticker: "UUU"
cik: "0000102109"
company_name: "UNIVERSAL SAFETY PRODUCTS, INC."
filed_at: "2026-06-12T20:31:16+00:00"
generated_at: "2026-06-12T20:52:05.269483+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Universal Safety Products enters $10.6M convertible note financing with SJC Lending

## Summary
- Up to $10.6M principal convertible notes sold to SJC Lending for $10M cash; initial $1.06M note issued for $1M.
- Conversion price: greater of $1.00 floor or 80% of 5-day lowest VWAP, capped at $10; 8% interest (20% on default).
- Stockholder approval required for issuances exceeding 19.99% of outstanding shares; 90-day no-issuance restriction imposed.
- Maturity one year; SJC gets 1-year right of first refusal on future equity offerings.

## SEC filing metadata
- accession: 0001104659-26-073513
- form_type: 8-K
- ticker: UUU
- cik: 0000102109
- company_name: UNIVERSAL SAFETY PRODUCTS, INC.
- filed_at: 2026-06-12T20:31:16+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/102109/000110465926073513/0001104659-26-073513-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/102109/000110465926073513/tm2617757d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-073513
- JSON: https://secwatch.observer/filing/0001104659-26-073513.json
- Plain text: https://secwatch.observer/filing/0001104659-26-073513.txt

## Key facts
- Debt Financings
  UNIVERSAL SAFETY PRODUCTS, INC. incurred convertible notes of aggregate principal amount of up to $10,600,000 with SJC Lending LLC at 8% per annum, unless an event of default occurs, at which time the Convertible N maturing first anniversary of issuance.
  - Instrument: convertible notes
  - Principal: aggregate principal amount of up to $10,600,000
  - Counterparty: SJC Lending LLC
  - Rate: 8% per annum, unless an event of default occurs, at which time the Convertible N
  - Maturity: first anniversary of issuance
  - Event: incurrence
  source text: 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 $10.0 million dollars (the “ Loan ”), The consummation of the transactions contemplated by the Agreement,
  evidence_url: https://www.sec.gov/Archives/edgar/data/102109/000110465926073513/0001104659-26-073513-index.htm
- Material Agreements
  UNIVERSAL SAFETY PRODUCTS, INC. entered into Securities Purchase Agreement with SJC Lending LLC valued at up to $10,600,000 aggregate principal amount of convertible promissory notes (effective 2026-06-12).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: SJC Lending LLC
  - Value: up to $10,600,000 aggregate principal amount of convertible promissory notes
  - Effective: 2026-06-12
  source text: 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 $10.0 million dollars (the “ Loan ”),
  evidence_url: https://www.sec.gov/Archives/edgar/data/102109/000110465926073513/0001104659-26-073513-index.htm

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