UNIVERSAL SAFETY PRODUCTS, INC. 8-K

What Happened
Universal Safety Products, Inc. announced in an 8-K that between January 26, 2026 and February 3, 2026 it issued an aggregate of 405,000 shares of its common stock upon conversion of $1,503,424.80 of principal and accrued interest under a convertible note. The shares were issued relying on the Section 4(a)(2) exemption from registration. As of February 3, 2026 the company reported 2,717,887 shares of common stock outstanding.

Key Details

• 405,000 shares of common stock issued upon conversion (Jan 26–Feb 3, 2026).
• $1,503,424.80 of principal and accrued interest converted into equity.
• Shares issued under an exemption from registration (Section 4(a)(2) of the Securities Act).
• Total common shares outstanding after the conversion: 2,717,887 (implying prior outstanding shares of 2,312,887).

Why It Matters
The conversion replaces roughly $1.5 million of convertible debt with equity, reducing the company's indebtedness while increasing the share count. For investors, this means potential dilution (more shares outstanding can reduce per-share metrics such as EPS) but also a lower debt burden on the balance sheet. The filing is primarily a disclosure of the instrument conversion and the company’s updated share count.