Universal Safety Products Issues 405,000 Shares in Convertible Note Conversion

Reuters
Feb 07
Universal Safety Products Issues 405,000 Shares in Convertible Note Conversion

Universal Safety Products Inc. has announced the issuance of 405,000 shares of its common stock following the conversion of $1,503,424.80 in principal and accrued interest under a convertible note. The shares were sold as an unregistered offering, relying on an exemption from registration under Section 4(a)(2) of the Securities Act of 1933. As of February 3, 2026, the company reported a total of 2,717,887 shares of common stock outstanding.

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