Universal Safety Products Amends Note Purchase, Secures Up to $2.65 Million From SJC Lending
Universal Safety Products (UUU) amended a deal with SJC Lending for up to $2.65M in convertible notes, with 2 tranches issued and a $1.06M tranche pending SEC approval. Notes bear 8% interest, mature in 1 year, and convert at terms tied to stock performance. The agreement aims to improve liquidity and financing options.

