Highest-materiality recent filing
Universal Safety Products enters $10.6M convertible note financing with SJC Lending
Up to $10.6M principal convertible notes sold to SJC Lending for $10M cash; initial $1.06M note issued for $1M.
Universal Safety Products converts $1.36M convertible note into 310,575 common shares
On March 11, 2026, issued 125,000 shares upon conversion of $470,720 of principal and accrued interest.
Universal Safety Products declares $1.00 special dividend from asset sale proceeds
One-time special cash dividend of $1.00 per share, record date Sep 18, payment date Sep 25.
Universal Safety Products enters into $2.75M convertible note agreement with SJC Lending LLC
Agreement provides for up to $2.75M principal amount of convertible notes, purchased for $2.5M total.
Universal Safety Products gets NYSE American delisting notice for late 10-K; name change July 31
Received NYSE American delinquency notification on July 16, 2025 for failure to timely file Form 10-K for FY ended March 31, 2025.
UUU gets NYSE American noncompliance notice over late FY2025 10-K filing
Received NYSE American notice for failing to timely file Annual Report (Form 10-K) for year ended March 31, 2025.
USI closes asset sale to Feit Electric for ~$4.96M; appoints two directors
Asset sale closed May 22, 2025; purchase price of $4,955,107.90 based on eligible inventory value.
USI enters MOU with Ault & Co to defer dissolution, pursue investment and new business
Ault & Co agrees to vote for asset sale to Feit Electric Co. and dissolution at April 15 meeting.
Shareholders approve asset sale to Feit Electric; dissolution fails; board evaluating alternatives
Asset Sale to Feit Electric approved with 1,550,126 votes For (required 1,541,858); 43,486 Against.
Universal Security Instruments adjourns special meeting on asset sale/dissolution to April 15, 2025
Special Meeting further adjourned to April 15, 2025, to solicit additional proxies for Asset Sale and Dissolution proposals.
Universal Security Instruments adjourns special meeting to March 24 for asset sale/dissolution vote
Special Meeting adjourned from March 6 to March 24, 2025 to solicit additional proxies on Asset Sale and Dissolution proposals.
Universal Security Q3 revenue up 18.9% but swings to net loss; asset sale pending
Q3 sales $5.54M (+18.9% YoY); net loss $936,639 ($0.40/sh) vs net income $102,176 ($0.04/sh) last year.
CEO Harvey Grossblatt waives change-of-control payments for Feit Electric asset sale
Waiver of severance and change-of-control benefits under employment agreement, contingent on closing of asset sale to Feit Electric.
On Oct 29, 2024, USI entered into an Asset Purchase Agreement with Feit Electric Company (no terms disclosed).
Asset sale to Feit Electric for $6M base cash; price adjusts based on inventory value at closing.
Universal Security Instruments regains NYSE American listing compliance after annual meeting
Company resolved NYSE American continued listing deficiency by holding annual meeting on September 19, 2023.
Received NYSE American letter on April 3, 2023 for missing annual meeting deadline for FY ended March 31, 2022.
Infinite Reality terminates merger agreement with Universal Security Instruments
Infinite Reality notified USI on Dec 12, 2022 of immediate termination of the Merger Agreement.
USI files 8-K with Infinite Reality merger update and investor call transcript
USI entered merger agreement with Infinite Reality on February 25, 2022.
Infinite Reality closes $470M ReKTGlobal acquisition; merger with USI still pending
Infinite Reality closed $470M acquisition of esports conglomerate ReKTGlobal, based on iR equity valuation of $2B.
Infinite Reality to acquire ReKTGlobal for $470M in stock; combined valuation $2.47B
All-stock deal values ReKTGlobal at $470M based on Infinite Reality equity valuation of $2B.
Infinite Reality secures $200M equity financing from Yorkville for UUU merger
Standby Equity Purchase Agreement with Yorkville Global Advisors for up to $200M upon merger completion.
USI enters merger with Infinite Reality; shareholders to retain ~3% of combined entity
Merger valued at $500M enterprise; Infinite Reality shareholders will own ~97% of combined company.
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
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
Max materiality 0.95 · Median 0.60 · Most common event other_material