Universal Safety Products, Inc. filed articles of amendment to its Articles of Incorporation with the Maryland State Department of Assessments and Taxation on August 7, 2026. The amendments increase the authorized number of common stock shares from 20,000,000 to 525,000,000 and eliminate super-majority voting requirements for future charter amendments, reducing the threshold to a simple majority. These changes were approved by the board on June 12, 2026, and ratified by stockholders at a special meeting on July 31, 2026. The filing becomes effective upon acceptance by the SDAT. Universal Safety Products, Inc. manufactures safety products for industrial and commercial applications.

Universal Safety Products, Inc. entered into a Securities Purchase Agreement with SJC Lending LLC for up to $10.0 million in convertible promissory notes through eleven separate tranche closings. The initial tranche closing on June 12, 2026, involved the issuance of a $1,060,000 principal face amount note with a 6% original issue discount and 8% annual interest. Conversion of the notes is subject to conversion price floors and floors and caps at $10.00 per share, with conversion into common stock is subject to subject to stockholder approval for issuances exceeding 19.99% of outstanding shares. Universal Safety Products, Inc. operates in the safety products industry and manufactures/distributes safety equipment and related products.