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This isn’t Life Magnetics’s most recent raise. Reg CF · Preferred Stock · Oct 2023 (Closed) is more current.View latest round
Life Magnetics

Reg CF · Preferred Stock · Mar 2021

ClosedReached targetReg CFPreferred Equity
via WeFunderView campaign
Raised
$660.1K / $1M max
66% of ceiling · target hit day 7
Investors
277
$2.4K avg
Post-money valuation
$3.7M
pre-money + amount raised

Raised over time

Cumulative raisedInvestors
$593K$296K$0
2531270
Mar 22, 2021 · openedSep 30, 2021 · last reading
Target ($200K) hit — Mar 29, 2021, day 7Deadline Apr 30, 2022 — 212 days out

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

Financials disclosed in this offering

FY2018–FY2019 · hover for source
$19K
−$211K
FY2018
$14K
−$236K
FY2019
RevenueNet income
Metric
FY2018 reviewed*
FY2019 reviewed*
Income statement
Revenue
$19,236
$14,235
Cost of goods sold
$18,998
$32,833
Gross margin
1%
-131%
Net income
-$210,806
-$236,462
Taxes paid
$6,639
$9,275
Balance sheet
Cash
$8,606
$12,710
Accounts receivable
$0
$11,596
Total assets
$99,018
$139,105
Short-term debt
$111,363
$138,694
Long-term debt
$3,839
$53,057
Total liabilities
$115,202
$191,751
Other
Headcount
—
2

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

Deal terms

Pre-money$3.1M
Post-money$3.7M
Price / share$51.00
Shares offered3,922

Offering details

Target$200,022
Max$1,000,008
Min investment$100
OpenedMar 22, 2021
DeadlineApr 30, 2022
ClosedOct 1, 2021
Days active193

Links & provenance

Campaign pageSEC filing
Source: Manual
0001670254-21-000260

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.