Business Context and Reporting Period
Company: Universal Safety Products, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: May 19, 2026
Reporting Period: Events occurring on March 11, 2026, and May 15, 2026.
Key Financial Metrics
This filing does not report revenue, profit, cash flow, margins, or liquidity metrics. It focuses exclusively on capital structure changes related to debt conversion.
- Debt Reduction: $1,357,592.70 total principal and accrued interest converted to equity.
- Equity Issuance: 310,575 shares of Common Stock issued in total.
- Outstanding Shares: 3,028,362 shares as of May 15, 2026.
Material Changes
The Company fully converted a Convertible Note issued on September 25, 2025, through two separate transactions:
- March 11, 2026: Issued 125,000 shares upon conversion of $470,720 of principal and accrued interest.
- May 15, 2026: Issued 185,575 shares upon conversion of $886,872.70 of principal and accrued interest.
Following these transactions, the Convertible Note is no longer outstanding.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, or specific risk factors beyond the standard disclosure of unregistered securities sales. The shares were offered and sold in reliance upon an exemption from registration requirements under Section 4(a)(2) of the Securities Act of 1933.
Investor Verification Checklist
- Verify the dilution impact of the 310,575 newly issued shares on existing shareholders.
- Confirm the elimination of the Convertible Note liability from the balance sheet in subsequent filings.
- Review the terms of the original Convertible Note issued on September 25, 2025, to understand the conversion pricing mechanism.
- Check for any subsequent filings regarding the company's cash position following the debt conversion.