Universal Safety Products Notifies NYSE American of Delayed Form 10-K Filing

Universal Safety Products, Inc. received a notice from NYSE Regulation for noncompliance with NYSE American's continued listing standards due to delayed filing of its Form 10-K for the year ended March 31, 2025. The company is subject to the procedures and requirements set forth by NYSE Regulation.

Universal Safety Products, Inc. (UUU), a U.S.-based importer and distributor of home safety devices, has received a notice from NYSE Regulation stating that it 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”) [1]. The notice was issued on July 16, 2025, and has no immediate effect on the listing or trading of the company’s common stock on the Exchange.

The company has been granted a six-month grace period until January 15, 2026, to file the delayed Form 10-K and regain compliance with NYSE American listing standards. If UUU fails to meet this deadline, the Exchange may grant an additional six-month extension based on specific circumstances. However, the Exchange maintains the right to initiate suspension and delisting proceedings at any time if it deems that the circumstances warrant [2].

While the company expects to file the Form 10-K within the six-month period, it cannot guarantee that this will happen. The delayed filing of the Form 10-K raises concerns about potential underlying issues such as accounting irregularities, internal control weaknesses, or financial distress requiring additional scrutiny. Without timely financial data, investors face significant information asymmetry when valuing UUU shares.

The notice of noncompliance underscores the importance of timely and accurate financial reporting for public companies. It also highlights the potential risks associated with delayed filings and the strict regulatory environment in which public companies operate.

References:
[1] https://finance.yahoo.com/news/universal-safety-products-inc-announces-113000891.html
[2] https://www.stocktitan.net/news/UUU/universal-safety-products-inc-announces-notice-of-noncompliance-with-wp9rd7zd3ex5.html