Universal Safety Products director Milton Ault III buys $101,429 in stock

Universal Safety Products' Executive Chairman Milton C. Ault III recently bolstered his stake in the company by purchasing 18,800 shares of common stock. The acquisitions, totaling $101,429, took place between August 27 and August 31, 2026, as the stock price hovered around $5.06. Despite a 11% dip in the past week, the shares have experienced an 82% increase over the past year.

The purchases were made through a series of open market transactions, with prices ranging from $4.96 to $6.0172 per share. Notably, 17,500 shares were acquired indirectly through Ault Lending, LLC, a wholly owned subsidiary of Hyperscale Data, Inc., where Ault serves as Executive Chairman. The remaining 1,300 shares were bought directly by Ault, who also holds additional shares indirectly through Alpha Structured Finance LP and Ault & Company, Inc. Universal Safety Products recently amended its Articles of Incorporation to significantly increase authorized shares from 20 million to 525 million, eliminating super-majority voting requirements.

The company is also developing a tokenization platform for real-world assets, aimed at enhancing its technological capabilities and business operations.