SHAREHOLDER NOTICE: Brodsky & Smith Announces an Investigation of Universal Security Instruments, Inc. (NYSE American – UUU)

BALA CYNWYD – February 28, 2022 /Globe Newswire/ – Law office of Brodsky & Smith announces that it is investigating potential claims against the Board of Directors of Universal Security Instruments, Inc. (“USI” or the “Company”) (NYSE American – UUU) for possible breaches of fiduciary duty and other violations of federal and state law in connection with the Company’s agreement to be acquired by Infinite Reality, Inc. (“Infinite Reality”). Under the terms of the agreement, Infinite Reality shareholders will hold approximately 97% of USI’s outstanding common stock and the shareholders of USI prior to the merger will retain ownership of approximately 3% of USI’s outstanding shares. In addition, the value of the business assets of USI and its ongoing business will continue to inure to the benefit of the pre-merger shareholders of USI.

The investigation concerns whether the USI Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including the dilution of USI ownership interest in the combined company.

If you own shares of USI stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire, or Marc L. Ackerman, Esquire at Brodsky & Smith, Two Bala Plaza, Suite 805, Bala Cynwyd, PA 19004, or call toll free 855-576-4847.

Brodsky & Smith is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.