---
title: "Universal Safety Products Secures Up to $10.0 Million Convertible Note Financing From SJC Lending"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/289639089.md"
description: "Universal Safety Products secured up to $10.0 million in convertible promissory notes from SJC Lending via a Securities Purchase Agreement effective June 12, 2026. The financing, aimed at funding operations and growth, consists of 11 tranches with an initial $1.0 million disbursement. Notes carry an 8% interest rate, mature in one year, and convert into common stock under specific conditions, including NYSE American approval and pricing caps."
datetime: "2026-06-12T20:33:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/289639089.md)
  - [en](https://longbridge.com/en/news/289639089.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/289639089.md)
generator: "portal-rs"
---

# Universal Safety Products Secures Up to $10.0 Million Convertible Note Financing From SJC Lending

Universal Safety Products entered into a Securities Purchase Agreement with SJC Lending for up to $10.0 million of convertible promissory notes ($10.6 million aggregate principal) to fund operations and growth. The financing will be issued in 11 tranches, with an initial $1.0 million funded at signing; notes carry 8% interest (20% on default) and mature in one year. Conversion into common stock begins after NYSE American SLAP approval and other conditions, at the greater of $1.00 per share or 80% of the lowest five-day VWAP, capped at $10.00. The deal includes short-term issuance restrictions, a one-year ban on variable-rate deals, and a one-year right of first refusal.

**Agreement details:**

-   **Agreement type**: Securities Purchase Agreement for convertible promissory notes
-   **Counterparty**: SJC Lending
-   **Signed / Effective**: Jun 12 2026 / same
-   **Duration / Termination**: 1 year
-   **Reason**: Raise growth capital and strengthen liquidity

Original SEC Filing: UNIVERSAL SAFETY PRODUCTS, INC. \[ UUU \] - 8-K - Jun. 12, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**