Business Context and Reporting Period
Company: Universal Safety Products, Inc. (Ticker: UUU)
Filing Type: Form 8-K (Current Report)
Date of Report: February 6, 2026
Reporting Period: Events occurring between January 26, 2026, and February 3, 2026.
Key Financial Metrics
This filing does not report revenue, profit, cash flow, margins, or liquidity metrics. It focuses exclusively on a specific capital transaction.
- Convertible Note Conversion: $1,503,424.80 (principal and accrued interest).
- Shares Issued: 405,000 shares of Common Stock.
- Shares Outstanding (as of Feb 3, 2026): 2,717,887 shares.
Material Changes
The primary material change reported is the unregistered sale of equity securities via the conversion of debt.
- Transaction: Between January 26, 2026, and February 3, 2026, the Company issued 405,000 shares of Common Stock upon the conversion of $1,503,424.80 of principal and accrued interest under a convertible note.
- Regulatory Basis: 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.
- Capital Structure Impact: The transaction reduced outstanding debt obligations and increased the total number of shares outstanding to 2,717,887.
Guidance, Outlook, and Risks
The filing text does not provide forward-looking guidance, management commentary on future operations, or specific risk factors beyond the standard disclosure of the unregistered sale of equity.
Investor Verification Checklist
- Verify the terms of the convertible note agreement to confirm the conversion price and accrued interest calculation.
- Confirm the updated total share count and potential dilution impact on existing shareholders.
- Review the Company's recent 10-K or 10-Q filings for the full context of the convertible note's original issuance and remaining debt obligations.
- Check for any subsequent filings regarding the impact of this conversion on the Company's working capital or debt covenants.