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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 · Nov 2020

ClosedReached targetReg CFCommon Equity
via NetcapitalView campaign
Raised
$1.1M / $1.1M max
98% of ceiling · target hit day 1
Investors
—
—
Post-money valuation
$21.1M
pre-money + amount raised

Raised over time

Cumulative raised
$1.1M$535K$0
Nov 27, 2020 · openedDec 17, 2020 · last reading
Target ($10K) hit — Nov 28, 2020, day 1$1.0M raised — Nov 28, 2020Deadline Dec 17, 2020 — 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

FY2018–FY2019 · hover for source
$0
−$885K
FY2018
$0
−$2.4M
FY2019
RevenueNet income
Metric
FY2018
FY2019 reviewed
Income statement
Revenue
$0
$0
Cost of goods sold
$0
$0
Net income
-$884,514
-$2,406,931
Taxes paid
$0
$0
Balance sheet
Cash
$554,904
$1,185,735
Accounts receivable
$0
$0
Total assets
$749,359
$1,462,165
Short-term debt
$127,084
$127,084
Long-term debt
$0
$0
Total liabilities
$127,084
$127,084
Other
Headcount
—
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. Nov 27, 2020
    Terms not yet extracted from this filing
    Form C/A on EDGAR ↗
  2. Nov 25, 2020
    Terms not yet extracted from this filing
    Form C/A on EDGAR ↗
  3. Nov 25, 2020
    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

Pre-money$20M
Post-money$21.1M
Price / share$10.00
Shares offered1,000

Offering details

Target$10,000
Max$1,070,000
Min investment$100
OpenedNov 27, 2020
DeadlineDec 17, 2020
ClosedDec 17, 2020
Days active20

Links & provenance

Campaign pageSEC filing
Source: Manual
0001669191-20-000694

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.