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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 · Apr 2024

ClosedReached targetReg CFCommon Equity
via Netcapital · last checked Sep 26, 2026
Raised
$1.3M / $4.5M max
29% of ceiling · target hit day 10
Investors
—
—
Estimated pre-money
$40.2M
—

Raised over time

Cumulative raised
$1.3M$673K$0
Apr 23, 2024 · openedMay 14, 2024 · last reading
Target ($10K) hit — May 3, 2024, day 10$1.0M raised — May 3, 2024Deadline May 17, 2024 — 3 days out

Left axis: cumulative dollars raised. Live figures via Netcapital, last checked Sep 26, 2026; 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

4 amendments
  1. May 9, 2024
    Terms not yet extracted from this filing
    Form C/A on EDGAR ↗
  2. Apr 30, 2024
    Terms not yet extracted from this filing
    Form C/A on EDGAR ↗
  3. Apr 25, 2024
    Terms not yet extracted from this filing
    Form C/A on EDGAR ↗
  4. Apr 23, 2024
    Terms not yet extracted from this filing
    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

Est. pre-money$40.2M
Price / share$15.77
Shares offered635

Estimated, not stated: $15.77 × 2,549,446 securities outstanding as of Dec 31, 2023 (Form C-AR filed Apr 17, 2026, p. 36).

Offering details

Target$10,014
Max$4,500,001
Min investment$110
OpenedApr 23, 2024
DeadlineMay 17, 2024
ClosedApr 30, 2024
Days active7

Links & provenance

SEC filing
Source: SEC EDGAR
0001669191-24-000441
Last synced Sep 26, 2026

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.