This isn’t Magfast’s most recent raise. Reg CF · Common Stock · Jun 2026 (Open) is more current.View latest round
via Netcapital · last checked Sep 21, 2026
Raised
$2.2M / $1.1M max
100% of ceiling
Investors
—
—
Valuation
—
—
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.
Deal terms
Price / share$10.00
Shares offered1,000
Offering details
Target$10,000
Max$1,070,000
Min investment—
OpenedNov 19, 2020
DeadlineJan 11, 2021
ClosedJan 11, 2021
Days active53
Links & provenance
Source: SEC EDGAR
0001669191-20-000696
Last synced Sep 21, 2026
0001669191-20-000696
Last synced Sep 21, 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.