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TickerUUU
SectorSecurity & Protection Services
Mkt cap$14M
EV / EBITDAN/A
PostureRestatement Risk
Composite88/100
LensTarget-side
SE-Cluster Research·Issuer Brief·Q2 2026CIK 102109

Universal Safety Products, Inc.

UUURESTATEMENT RISKFILING INTENSITY

Universal Safety Products, Inc. reads as Restatement Risk (composite 88/100); pressure / disclosure signals dominate the posture this cycle · primary market Industrial Services.

Lens

Disclosed M&A capital (2023–2025)

N/A

flat

vs N/A in 2020–2022

Disclosed transactions

N/A

flat

0/3 active fiscal years in window

Buyer archetype

Selective Buyer

Acquisition use is visible but targeted.

Composite score

88

/100

Restatement Risk dominates · Filing Intensity

Financial snapshot
Revenue$11M
EBITDAN/A
Enterprise value$12M
EV / Revenue1.1×
EV / EBITDAN/A
P/EN/A
Cash$4M
Total debt$100K
as of 2026-05-10
§ I·SE-Cluster Issuer Brief

Behavioral posture, nine reads.

Each index scores the issuer 0–100 against an EDGAR-anchored definition. Scores ≥ threshold elevate the issuer into the index's constituent set; the dominant index drives the masthead label.

Active Acquirer

0/100

Companies actively deploying disclosed capital into M&A

  • $2M disclosed buyer spend

Buyer Cadence

0/100

Buyer-side companies with recent filing activity

  • 114 8-Ks

Target Probability

18/100

Issuers showing target-side patterns from filings

  • 38 activism filings

Spin/Carve

0/100

Issuers showing spin-off, carve-out, or sum-of-parts posture

  • 38 activism filings

Pressure Watch

18/100

Issuers facing activism, governance, or control pressure

  • 38 activism filings
  • Latest activism 5.4y ago; heavily discounted

Distress Watch

37/100

Issuers showing financial-distress filing patterns

  • 10-Q 142d stale
  • 38 activism filings

Restatement Risk

Dominant
88/100

Issuers with accounting-integrity flags from filings

  • 1 non-reliance 8-K
  • 3 auditor changes
  • 54 NT late filings
  • Latest event 5mo ago

Capital Velocity

62/100

Issuers with the highest filing-activity intensity

  • 114 8-Ks
  • 5 form types

Quiet Power

0/100

Large issuers with low signal volume and clean disclosure cadence

  • Enterprise value $12M
  • 10-Q 142d ago
  • 3 active signals
§ II·SE-Cluster Issuer Brief

Capital cadence.

No disclosed M&A capital in the 10-year window.

This issuer has not disclosed material acquisition spend or count in the last ten fiscal years.

§ III·SE-Cluster Issuer Brief

Strategy posture.

The buyer's playbook in terms of strategic archetype: what each disclosed move says about how they're deploying capital.

Archetype mix

  • Geographic Expansion
    50%
  • Horizontal Consolidation
    50%

Strategy keywords

Terms recurring across recent 10-K acquisition disclosures.

  • geographic_expansion
  • horizontal_consolidation
  • platform
§ IV·SE-Cluster Issuer Brief

Filing language.

Direct excerpts from acquisition disclosures and strategy sections: the verbs the buyer chose, in the filings they signed.

Infinite Reality shareholders acquire the right to convert their Infinite Reality common stock held immediately prior to the Merger into the Company common stock

10-KFY2022

We believe that our 50% ownership interest in the Hong Kong Joint Venture allows us to significantly influence the operations of the Hong Kong Joint Venture.

10-KFY2012

As a result of the settlement of Icon’s obligations, a gain of CAD$5,101,674 (US$4,910,718) was realized by Icon in the quarter ended September 30, 2008.

10-KFY2009

Merger Agreement provides that, upon the terms and subject to the conditions set forth therein, Merger Sub will merge with and into Infinite Reality

10-KFY2022

On September 22, 2008, Icon’s obligations were settled in the receivership action by Ontario Superior Court order.

10-KFY2009
§ V·SE-Cluster Issuer Brief

Market context.

Where this issuer sits inside its SE-Cluster rollup wedge, with disclosed-spend rank plus trading comparables against the public peer set.

Primary market

Industrial Services

Market spend (2023–2025)
$65.5B
Market spend (2020–2022)
$39.6B
Recent vs prior
+65%
Issuer rank in market
N/A
Share of market capital
0.0%

Valuation positioning

N/AEV / EBITDA

UUU trades at a -15.9-turn discount to the Industrial Services peer median of 11.4×.

EV / Revenue
1.1×
Net debt / EBITDA
N/A
Peer median EV / EBITDA
11.4×

Trading comparables

FMP market data · 2026-05-10

CompanyEV / EBITDAEV / RevNet debt / EBITDARevenueM&A 2023–2025
15.1×1.0×-0.4×$24.2B$444M
13.1×5.8×1.1×$6.3B$3.2B
11.4×0.9×7.8×$2.5B$3.9B
11.3×4.5×0.2×$16.4B$931M
8.7×3.0×0.8×$1.7B$1.3B

Trading multiples from FMP market data; disclosed M&A spend from the SE-Cluster EDGAR 10-K corpus. Peer set = top disclosed buyers in Industrial Services. Bars scaled to the highest EV/EBITDA in the set.

§ VI·SE-Cluster Issuer Brief

Buyer landscape.

Public buyers whose stated archetypes, target categories, and recent cadence align with this issuer as a plausible acquisition target. Scores cross EDGAR signal and disclosure overlap.

Likely buyers

No public buyers surface as a strong target-side fit on current signal.

Likely sellers / divestiture partners

No reciprocal divestiture / strategic-alternatives matches identified.

§ VII·SE-Cluster Issuer Brief

Filing activity & signal stream.

Filing cadence and event-driven signals visible on EDGAR. The signal stream below is curated from restatement / spin-carve / activism categories, providing context for any near-term call.

Filing cadence

  • 10-K (annual)372025-07-29
  • 10-Q (quarterly)962026-02-19
  • 8-K (event)1142026-03-27
  • Proxy / DEF 14A502026-02-24
  • Activism (13D / DFAN / PREC)382021-02-26

Signals on file

  • critical

    Non-reliance disclosure

    2015-07-14

    1 Item 4.02 filing on file; financial-statement non-reliance.

  • elevated

    Auditor change

    2025-06-06

    3 Item 4.01 filings on file; certifying accountant change.

  • watch

    Late-filing notice

    2026-02-13

    54 NT 10-K/10-Q filings on file.

  • elevated

    Activism on file

    2021-02-26

    38 activist filings on file (13D, DFAN14A, PREC14A series).

  • info

    Signal

    Serial acquisition history

  • info

    Signal

    10-K strategy themes

  • info

    Signal

    Restatement risk

§ VIII·SE-Cluster Issuer Brief

Audited corpus.

No audited record on file for this CIK in the current v6 corpus.

This issuer has not been extracted into the v6 audited acquirer corpus yet. The brief above pulls from ranking-level aggregates and issuer-index signal only.