UNIVERSAL SAFETY PRODUCTS, INC. — fact timeline

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.

“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,”

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).

“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 ”),”

UNIVERSAL SAFETY PRODUCTS, INC. issued 405,000 shares of its common stock of common stock for $1,503,424.80 of principal and accrued interest under a convertible note.

“Between January 26, 2026 and February 3, 2026, Universal Safety Products, Inc. (the “ Company ”) issued an aggregate of 405,000 shares of its common stock, par value $0.01 per share (the “ Common Stock ”) upon conversion of $1,503,424.80 of principal and accrued interest under a convertible note.”

UNIVERSAL SAFETY PRODUCTS, INC.: Amended Bylaws to allow stockholder meetings to be held anywhere within or outside Maryland, or by remote communication (effective 2025-08-28).

“to amend Article I, Sections 1 and 2(a) of the Bylaws to allow annual and special meetings of the stockholders of the Company to be held at any place within or outside the State of Maryland, as well as by means of remote communication as authorized by the Maryland General Corporation Law.”

UNIVERSAL SAFETY PRODUCTS, INC. incurred convertible notes of $1,100,000 with SJC Lending LLC at 8% per annum maturing first anniversary of issuance.

“The first Convertible Note, which was issued to SJC on the Execution Date, has a principal face amount of $1,100,000”

UNIVERSAL SAFETY PRODUCTS, INC. received a nyse_american noncompliance notice notice regarding late filing (rules 1007).

“nual Report on Form 10-K for the year ended March 31, 2025 with the Securities and Exchange Commission (the “SEC”). The Delinquency Notification also states that the Company’s failure to timely file such Annual Report on Form 10-K subjects the Company to the procedures and requirements set forth in Section 1007 of the NYSE American Company Guide (the “Company Guide”). The receipt of the Delinquency Notification has no immediate effect on the listing or trading of the Company’s common stock on the Exchange. NYSE Regulation informed the Company that, under Exchange rules, the Company has six mon”

UNIVERSAL SAFETY PRODUCTS, INC. received a nyse_american deficiency notice notice regarding late filing (rules 1007).

“nual Report on Form 10-K for the year ended March 31, 2025 with the Securities and Exchange Commission (the “SEC”). The Delinquency Notification also states that the Company’s failure to timely file such Annual Report on Form 10-K subjects the Company to the procedures and requirements set forth in Section 1007 of the NYSE American Company Guide (the “Company Guide”). The receipt of the Delinquency Notification has no immediate effect on the listing or trading of the Company’s common stock on the Exchange. NYSE Regulation informed the Company that, under Exchange rules, the Company has six mon”

UNIVERSAL SAFETY PRODUCTS, INC. engaged CBIZ CPAs P.C. as its auditor.

“CBIZ was engaged as the Company’s independent registered public accounting firm on the same date”

Marcum LLP resigned as auditor of UNIVERSAL SAFETY PRODUCTS, INC..

“(“ CBIZ ”) acquired the attest business of Marcum LLP (“ Marcum ”). Accordingly, on June 2, 2025, as a result of the acquisition, Marcum resigned as the named audit firm of Universal Safety Products, Inc., formerly “Universal”

UNIVERSAL SAFETY PRODUCTS, INC. completed a disposition involving Feit Electric Company, Inc. for $4,955,107.90 (closed 2025-05-22).

“8-K and is incorporated herein by reference. The Asset Sale closed on May 22, 2025. The purchase price, based on the value of the Eligible Inventory at the time of Closing, was $4,955,107.90. The Company intends to continue importing and marketing its product lines other than smoke alarms and carbon monoxide alarms following the Closing.”

Milton C. (Todd) Ault, III was appointed as director at UNIVERSAL SAFETY PRODUCTS, INC..

“Milton C. (Todd) Ault, III was appointed to serve as a director until the 2027 Annual Meeting of Shareholders or until his successor is duly elected and qualifies”

Henry Nisser was appointed as director at UNIVERSAL SAFETY PRODUCTS, INC..

“Henry Nisser was appointed to serve as a director until the 2026 Annual Meeting of Shareholders or until his successor is duly elected and qualifies”

UNIVERSAL SAFETY PRODUCTS, INC.: Added new Article V, Section 9 to the Bylaws (effective 2025-04-15).

“Article V of the Bylaws was amended to add Section 9.”

UNIVERSAL SAFETY PRODUCTS, INC.: Amended Article II, Section 1 to reduce the maximum number of directors from fifteen to six (effective 2025-04-15).

“Article II, Section 1 of the Company’s Bylaws was amended to provide that the number of members of the Company’s Board of Directors would be between three and six. Prior to this amendment, the Bylaws provided that the number of members of the Company’s Board of Directors would be between three and fifteen.”

UNIVERSAL SAFETY PRODUCTS, INC. shareholders approved Authorization of the Board of Directors to accept the selection by the Audit Committee of an outside auditing firm for the Company's 2024 fiscal year at the 2023-09-19 meeting.

“(iii) The results of the vote on the proposal to authorize selection of an auditor were as follows: For Against Abstain Broker Non-Votes 1,237,322 1,343 4,857 0 As a result, the proposal was approved. SIGNATURES Pursuant to the requirements”

UNIVERSAL SAFETY PRODUCTS, INC. shareholders approved Non-binding resolution approving the compensation of the executive officers named in the proxy statement at the 2023-09-19 meeting.

“(ii) a non-binding resolution approving the compensation of the executive officers named in the proxy statement;”

UNIVERSAL SAFETY PRODUCTS, INC. shareholders approved Election of directors: Ronald A. Seff, M.D. (one-year); Cary Luskin and Ira F. Bormel, CPA (two-year); Harvey B. Grossblatt (three-year) at the 2023-09-19 meeting.

“(i) the election of (a) one director to serve for a one-year term, (b) two directors to serve for a two-year term, and (c) one director to serve for a three-year term;”

UNIVERSAL SAFETY PRODUCTS, INC. received a nyse_american compliance regained notice regarding other (rules 704).

“September 19, 2023, the Company received a letter from the Exchange advising the Company that, as a result of the Company’s Annual Meeting of Stockholders held on September 19, 2023, the Company is back in compliance with the Exchange’s continued listing standards set forth in Section 704 of the Exchange’s Company Guide and has resolved the deficiency set forth in the Exchange’s April 3, 2023 notification letter.”

UNIVERSAL SAFETY PRODUCTS, INC. terminated Merger Agreement with Infinite Reality, Inc. (effective 2022-12-12).

“On December 12, 2022, Infinite Reality notified USI that Infinite Reality is terminating the Merger Agreement effective immediately.”