# EDGAR Filing Document

**Accession Number:** 0001704898
**File Stem:** 0000921895-25-002627
**Filing Date:** 2025-9
**Character Count:** 10946
**Document Hash:** f2b1dc227975a9aca8a6efbab585dc19
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000921895-25-002627.hdr.sgml**: 20250926

**ACCESSION NUMBER**: 0000921895-25-002627

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13D/A

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20250926

**DATE AS OF CHANGE**: 20250926

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** UNIVERSAL SAFETY PRODUCTS, INC.
- **CENTRAL INDEX KEY:** 0000102109
- **STANDARD INDUSTRIAL CLASSIFICATION:** WHOLESALE-ELECTRONIC PARTS & EQUIPMENT, NEC [5065]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 520898545
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-15872
- **FILM NUMBER:** 251351328

**BUSINESS ADDRESS:**
- **STREET 1:** 11407 CRONHILL DRIVE, SUITES A-D
- **CITY:** OWINGS MILLS
- **STATE:** MD
- **ZIP:** 21117-3586
- **BUSINESS PHONE:** 4103633000

**MAIL ADDRESS:**
- **STREET 1:** 11407 CRONHILL DRIVE, SUITES A-D
- **CITY:** OWINGS MILLS
- **STATE:** MD
- **ZIP:** 21117-3586

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** UNIVERSAL SECURITY INSTRUMENTS INC
- **DATE OF NAME CHANGE:** 19920703
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** JLA Realty Associates, LLC
- **CENTRAL INDEX KEY:** 0001704898

**ORGANIZATION NAME:**
- **EIN:** 273200881
- **STATE OF INCORPORATION:** NY
- **FISCAL YEAR END:** 1217

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A

**BUSINESS ADDRESS:**
- **STREET 1:** 120 BLOOMINGDALE ROAD
- **CITY:** WHITE PLAINS
- **STATE:** NY
- **ZIP:** 10605
- **BUSINESS PHONE:** 9146948300

**MAIL ADDRESS:**
- **STREET 1:** 120 BLOOMINGDALE ROAD
- **CITY:** WHITE PLAINS
- **STATE:** NY
- **ZIP:** 10605

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13D

### Under the Securities Exchange Act of 1934

**(Amendment No. 2)**

**UNIVERSAL SAFETY PRODUCTS, INC.**

*(Name of Issuer)*

**Common Stock**

*(Title of Class of Securities)*

**913821302**

*(CUSIP Number)*

**Kenneth Schlesinger, Esq.**<br>Olshan Frome Wolosky LLP<br>1325 Avenue of the Americas<br>New York NY 10019<br>212-451-2300

*(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)*

**09/25/2025**

*(Date of Event Which Requires Filing of this Statement)*

| **CUSIP No.** | **913821302** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**JLA Realty Associates, LLC** | Name of reporting person<br>**JLA Realty Associates, LLC** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**WC** | Source of funds (See Instructions)<br>**WC** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**NEW YORK** | Citizenship or place of organization<br>**NEW YORK** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**227400.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**227400.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**227400.00** | Aggregate amount beneficially owned by each reporting person<br>**227400.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**9.8%** | Percent of class represented by amount in Row (11)<br>**9.8%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**OO** | Type of Reporting Person (See Instructions)<br>**OO** | |

---

| **CUSIP No.** | **913821302** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**CASPI STEVEN** | Name of reporting person<br>**CASPI STEVEN** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**AF** | Source of funds (See Instructions)<br>**AF** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**X1** | Citizenship or place of organization<br>**X1** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**227400.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**227400.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**227400.00** | Aggregate amount beneficially owned by each reporting person<br>**227400.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**9.8%** | Percent of class represented by amount in Row (11)<br>**9.8%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

**Item 1. Security and Issuer**

**(a) Title of Class of Securities:**
Common Stock

**(b) Name of Issuer:**
UNIVERSAL SAFETY PRODUCTS, INC.

**(c) Address of Issuer's Principal Executive Offices:**
11407 CRONHILL DRIVE, SUITES A-D, OWINGS MILLS, MD, 21117-3586

This Amendment No. 2 ("Amendment No. 2") amends the statement on Schedule 13D originally filed by the Reporting Persons on July 2, 2025, as amended (the "Schedule 13D"), and relates to the Common Stock of Universal Safety Products, Inc. Except as specifically provided herein, this Amendment No. 2 does not modify any of the information previously reported in the Schedule 13D. Unless otherwise indicated, each capitalized term used but not defined in this Amendment No. 2 shall have the meaning assigned to such term in the Schedule 13D.

**Item 5. Interest in Securities of the Issuer**

**(a)**
—

**(b)**
—

**(c)**
Item 5(c) is amended and restated as follows:

The Reporting Persons have not undertaken any transactions in the Shares since the filing of Amendment No. 1 to the Schedule 13D.

**Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.**

Item 6 is hereby amended to add the following:

On September 25, 2025, SJC Lending, LLC ("SJC Lending"), a Delaware limited liability company of which Mr. Caspi is the sole member purchased from the Issuer a convertible promissory note due September 25, 2026 in original principal amount of $1,650,000 (the "September Convertible Note") for a purchase price of $1,500,000 pursuant to a Securities Purchase Agreement (the "SPA") with the Issuer dated August 13, 2025 providing for the purchase from time to time by SJC Lending from the Issuer of convertible promissory notes in an aggregate principal amount of up to $2,750,000 for a total purchase price of $2,500,000. Under the SPA, SJC Lending purchased such notes in tranches, with the first tranche consisting of the purchase on August 12, 2025 of a convertible promissory note due August 13, 2026 in original principal amount of $1,100,000 (the "August Convertible Note" and, together with the September Convertible Note, the "Convertible Notes") for a purchase price of $1,000,000. The purchase of the September Convertible Note constituted the second and third tranche. Pursuant to the SPA, from August 13, 2025 until the date that is (1) year therefrom, SJC Lending shall have a right of first refusal with respect to any investment proposed to be made by any individual or entity for each and every future public or private equity offering, including a debt instrument convertible into equity of the Issuer during such period.

The Convertible Notes accrue interest at the rate of 8% per annum, unless an event of default (as defined in the Convertible Notes) occurs, at which time the Convertible Notes in excess of $500,000 would accrue interest at 20% per annum. The Convertible Notes are convertible into Shares at any time after the later of the record date for the upcoming dividend or NYSE American approval of the Supplemental Listing Application (as defined in the Convertible Notes) at a conversion price equal to the greater of (i) $1.00 (the "Floor Price"), which Floor Price will not be adjusted for stock dividends, stock splits, stock combinations or other similar transactions and (ii) 80% of the lowest volume weighted average price, or VWAP, of the common stock during the ten trading days immediately prior to the date of conversion into common stock, but not greater than $10.00 per share. The Convertible Notes may not be converted into Shares to the extent that after giving effect to such conversion, SJC Lending, together with the other Attribution Parties collectively would beneficially own in excess of 4.99% of the outstanding common stock of the Issuer.

The foregoing descriptions of the SPA and the Convertible Notes do not purport to be complete and are qualified in their entirety by reference to the SPA filed as Exhibit 99.1 hereto and the form of Convertible Notes filed as Exhibit 99.2 hereto and which are incorporated herein by reference.

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** JLA Realty Associates, LLC

**Signature:** /s/ Steven J. Caspi

**Name/Title:** Steven J. Caspi, Manager

**Date:** 09/26/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** CASPI STEVEN

**Signature:** /s/ Steven J. Caspi

**Name/Title:** Steven J. Caspi

**Date:** 09/26/2025