Universal Safety Products, Inc.

Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. On July 16, 2025, Universal Safety Products, Inc. (the “Company”) received a letter (the “Delinquency Notification”) from NYSE Regulation stating that the Company is not in compliance with the continued listing standards of NYSE American LLC (the “Exchange”) due to the Company’s failure to timely file its Annual Report on Form 10-K for the year ended March 31, 2025 with the Securities and Exchange Commission (the “SEC”). The Delinquency Notification also states that the Company’s failure to timely file such Annual Report on Form 10-K subjects the Company to the procedures and requirements set forth in Section 1007 of the NYSE American Company Guide (the “Company Guide”). The receipt of the Delinquency Notification has no immediate effect on the listing or trading of the Company’s common stock on the Exchange. NYSE Regulation informed the Company that, under Exchange rules, the Company has six months from the Form 10-K filing due date of July 15, 2025, to regain compliance with the Exchange listing standards by filing the Form 10-K with the SEC. NYSE Regulation further noted that, if the Company fails to file the Form 10-K within the six-month period, the Exchange may grant, at its sole discretion, an extension of up to six additional months for the Company to regain compliance, depending on the Company’s specific circumstances. The Delinquency Notification also notes that the Exchange may nevertheless commence suspension and delisting proceedings at any time if it deems that the circumstances warrant. The Company currently expects to file the Form 10-K within the six-month period granted by the Delinquency Notification; however, there can be no assurance that the Form 10-K will be filed within such period. On July 21, 2025, the Company issued a press release announcing the Company’s receipt of the letter from the Exchange.

Item 8.01. Other Events. As previously reported, at the Company’s Special Meeting of Shareholders reconvened on April 15, 2025, the shareholders of the Company approved an amendment to the Company’s Articles of Incorporation changing the name of the Company from “Universal Security Instruments, Inc.” to Universal Safety Products, Inc.”, as more fully described in the proxy statement distributed in connection with the Special Meeting. On May 28, 2025, the Company filed Articles of Amendment to the Company’s Articles of Incorporation with the Maryland State Department of Assessments and Taxation thereby effecting the name change.