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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 2021

ClosedReached targetReg CFCommon Equity
via Netcapital · last checked Aug 17, 2026
Raised
$5M / $5M max
100% of ceiling · target hit day 11
Investors
—
—
Valuation
—
—

Raised over time

Cumulative raised
$3.1M$1.5M$0
Nov 10, 2021 · openedDec 2, 2021 · last reading
Target ($10K) hit — Nov 21, 2021, day 11$1.0M raised — Nov 21, 2021Deadline May 2, 2022 — 151 days out

Left axis: cumulative dollars raised. Live figures via Netcapital, last checked Aug 17, 2026; investor counts may lag the platform by up to a day.

Financials disclosed in this offering

FY2019–FY2020 · hover for source
$0
−$2.4M
FY2019
$0
−$4.8M
FY2020
RevenueNet income
Metric
FY2019 reviewed
FY2020 audited
Income statement
Revenue
$0
$0
Cost of goods sold
$0
$0
Net income
-$2,406,931
-$4,811,177
Taxes paid
$0
$0
Balance sheet
Cash
$1,185,735
$1,650,223
Accounts receivable
$0
$0
Total assets
$1,462,165
$2,883,896
Short-term debt
$127,084
$127,084
Long-term debt
$0
$0
Total liabilities
$127,084
$10,458,285
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

5 amendments
  1. May 2, 2022
    Terms not yet extracted from this filing
    Form C/A on EDGAR ↗
  2. May 2, 2022
    Terms not yet extracted from this filing
    Form C/A on EDGAR ↗
  3. Jan 28, 2022
    Terms not yet extracted from this filing
    Form C/A on EDGAR ↗
  4. Jan 27, 2022
    Terms not yet extracted from this filing
    Form C/A on EDGAR ↗
  5. Nov 15, 2021
    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

Price / share$14.23
Shares offered703

Offering details

Target$10,004
Max$4,999,986
Min investment$100
OpenedNov 10, 2021
DeadlineMay 2, 2022
ClosedDec 2, 2021
Days active22

Links & provenance

SEC filing
Source: SEC EDGAR
0001669191-21-001114
Last synced Aug 17, 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.