---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-115059"
form_type: "8-K"
ticker: "UUU"
cik: "0000102109"
company_name: "UNIVERSAL SAFETY PRODUCTS, INC."
filed_at: "2026-10-09T20:30:22+00:00"
generated_at: "2026-10-12T15:06:57.442926+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Universal Safety Products amends SJC Lending deal; up to $2.65M convertible notes, 8% interest, 1-year maturity

## Summary
- A&R Securities Purchase Agreement dated Oct 9, 2026 with SJC Lending LLC; convertible notes up to $2,650,000 aggregate principal for up to $2.5M purchase price.
- Notes: 8% interest (20% on default), mature 1 year from issuance, 6% original issue discount; convertible at greater of $1.00 floor or 80% of 5-day lowest VWAP, capped at $10.00.
- Initial $1,060,000 note issued June 12, 2026 ($1M price); second $530,000 note July 29, 2026 ($500K); final $1,060,000 tranche due within 30 days after resale registration effective.
- SJC gets Additional Investment Right to buy another $2.65M of notes for $2.5M within 3 months of final closing, up to $10.6M aggregate; plus 1-year right of first refusal on future offerings.
- Issuing Conversion Shares above 19.99% of outstanding common requires stockholder approval; company seeks new approval after July 31, 2026 vote covered only Original Agreement notes.

## SEC filing metadata
- accession: 0001104659-26-115059
- form_type: 8-K
- ticker: UUU
- cik: 0000102109
- company_name: UNIVERSAL SAFETY PRODUCTS, INC.
- filed_at: 2026-10-09T20:30:22+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/102109/000110465926115059/0001104659-26-115059-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/102109/000110465926115059/tm2627371d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-115059
- JSON: https://secwatch.observer/filing/0001104659-26-115059.json
- Plain text: https://secwatch.observer/filing/0001104659-26-115059.txt

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