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This isn’t Magfast’s most recent raise. Reg CF · Common Stock · Jun 2026 (Open) is more current.View latest round
Magfast

Reg CF · Common Stock · Oct 2024

ClosedReached targetReg CFCommon Equity
via NetcapitalView campaign
Raised
$1.6M / $3.6M max
43% of ceiling · target hit day 3
Investors
—
—
Post-money valuation
$10.7M
pre-money + amount raised

Raised over time

Cumulative raised
$10.3M$5.2M$0
Oct 15, 2024 · openedApr 30, 2025 · last reading
Target ($10K) hit — Oct 18, 2024, day 3$10.0M raised — Mar 23, 2025Deadline Apr 30, 2025 — 0 days out

Left axis: cumulative dollars raised. Live figures via Netcapital; investor counts may lag the platform by up to a day.

Financials disclosed in this offering

FY2022–FY2023 · hover for source
$1.1M
−$3.3M
FY2022
$2.6M
−$3.6M
FY2023
RevenueNet income
Metric
FY2022 audited
FY2023 audited
Income statement
Revenue
$1,063,544
$2,639,314
Cost of goods sold
$716,521
$1,677,253
Gross margin
33%
36%
Net income
-$3,305,927
-$3,634,653
Taxes paid
$0
$0
Balance sheet
Cash
$1,102,966
$1,271,585
Accounts receivable
$0
$0
Total assets
$4,571,573
$3,598,953
Short-term debt
$233,174
$662,123
Long-term debt
$0
$0
Total liabilities
$233,174
$662,123
Other
Headcount
2
2

The fiscal years the issuer disclosed in this offering’s filing, as filed. Full history on the company page.

Amendments to this offering

3 amendments
  1. Mar 21, 2025
    • Deadline Nov 29, 2024 → Apr 30, 2025

    “issuer updated offering page.”

    Form C/A on EDGAR ↗
  2. Nov 26, 2024
    No change to filed terms

    “issuer extended the offering”

    Form C/A on EDGAR ↗
  3. Nov 21, 2024
    No change to filed terms

    “updated cover image”

    Form C/A on EDGAR ↗

Each line compares the amendment with the previous filing of this offering. The quoted reason is the issuer’s own statement from the Form C/A.

Deal terms

Pre-money$9.2M
Post-money$10.7M
Price / share$15.77
Shares offered635

Offering details

Target$10,014
Max$3,600,007
Min investment$110
OpenedOct 15, 2024
DeadlineApr 30, 2025
ClosedApr 30, 2025
Days active197

Links & provenance

Campaign pageSEC filing
Source: Manual
0001669191-24-000973

About this data. Raised amounts and investor counts come from the platform listing and may lag or be restated; SEC-reported totals can differ until the next Form 1-Z/C-U. Post-money valuation is computed as pre-money plus amount raised and is shown once the round closes — it is not a traded price. Financial statements are as reported by the issuer. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.