Data / Crowdfunding / New York / MAGFAST LLC
MAGFAST LLC: crowdfunding raise on NetCapital Funding Portal Inc., $10,013 to $4,500,001 (2026)
MAGFAST LLC, a limited liability company in Cornwall On Hudson, NY, filed a Form C with the SEC on October 13, 2026 to raise $10,013 to $4,500,001 in common stock through NetCapital Funding Portal Inc.. The offering closes on April 30, 2027. In its most recent fiscal year it reported $1,066,334 in revenue and a net loss of $1,875,674, with 2 employees.
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- Website
- www.magfast.com
- Funding portal
- NetCapital Funding Portal Inc.
- Address
- 1 GRANDVIEW AVE, Cornwall On Hudson, NY 12520
- Legal form
- Limited Liability Company
- Jurisdiction
- DE
- Incorporated
- October 3, 2017
- SEC CIK
- 0001719420
Offering terms
From the amendment filed October 13, 2026.
- Security
- Common Stock
- Price
- $15.77
- Target
- $10,013
- Maximum
- $4,500,001
- Deadline
- April 30, 2027
- Portal compensation
- Up to 4.9% of amount raised for a successful offering and a listing fee of up to $10,000
Financials
From the Form C/A filed October 13, 2026.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $1,066,334 | $1,397,546 | sec.gov |
| Cost of goods sold | $353,168 | $783,408 | sec.gov |
| Net income | $-1,875,674 | $-2,663,700 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $3,037,249 | $2,262,369 | sec.gov |
| Cash | $375,030 | $75,536 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $379,640 | $498,443 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| October 13, 2026 | Amendment | $10,013 | $4,500,001 | April 30, 2027 | This nonmaterial amendment updates the offering page to reflect the removal of two investor perks, including MAGFAST jackets, and their related images. | sec.gov |
| July 31, 2026 | Amendment | $10,013 | $4,500,001 | April 30, 2027 | issuer extended the offering deadline. | sec.gov |
| July 23, 2026 | Amendment | $10,013 | $4,500,001 | August 1, 2026 | changed closing date | sec.gov |
| July 23, 2026 | Amendment | $10,013 | $4,500,001 | July 30, 2026 | the issuer has amended its investor perks program. the previous structure, which offered specific products at designated investment tiers, has been replaced with a flexible voucher system redeemable for select items on the issuer's website. | sec.gov |
| June 23, 2026 | Offering | $10,013 | $4,500,001 | August 28, 2026 | sec.gov | |
| June 23, 2026 | Annual report | Not listed | Not listed | sec.gov | ||
| May 15, 2026 | Progress update | $10,013 | $4,652,150 | May 8, 2026 | End of offering. Issuer closed its offering with estimated gross proceeds of $444,320. The foregoing is in regard only to the amount raised under the Section 4(a)(6) exemption. | sec.gov |
| April 24, 2026 | Amendment | $10,013 | $4,652,150 | May 8, 2026 | updated the offering page text. | sec.gov |
| April 23, 2026 | Amendment | $10,013 | $4,652,150 | May 8, 2026 | issuer updated offering page. | sec.gov |
| April 17, 2026 | Offering | $10,013 | $4,652,150 | May 8, 2026 | sec.gov | |
| April 17, 2026 | Annual report | Not listed | Not listed | sec.gov | ||
| April 17, 2026 | Annual report | Not listed | Not listed | sec.gov | ||
| May 7, 2025 | Progress update | $10,013 | $3,600,007 | April 30, 2025 | End of offering. Issuer closed its offering with estimated gross proceeds of $1,550,396. The foregoing is in regard only to the amount raised under the Section 4(a)(6) exemption. | sec.gov |
| March 21, 2025 | Amendment | $10,013 | $3,600,007 | April 30, 2025 | issuer updated offering page. | sec.gov |
| November 26, 2024 | Amendment | $10,013 | $3,600,007 | November 29, 2024 | issuer extended the offering | sec.gov |
| November 21, 2024 | Amendment | $10,013 | $3,600,007 | November 29, 2024 | updated cover image | sec.gov |
| October 8, 2024 | Offering | $10,013 | $3,600,007 | November 29, 2024 | sec.gov | |
| July 5, 2024 | Progress update | $10,013 | $4,500,001 | May 17, 2024 | End of offering. Issuer closed its offering with estimated gross proceeds of $1,310,739. The foregoing is in regard only to the amount raised under the Section 4(a)(6) exemption. | sec.gov |
| May 9, 2024 | Amendment | $10,013 | $4,500,001 | May 17, 2024 | offering deadline extended | sec.gov |
| April 30, 2024 | Amendment | $10,013 | $4,500,001 | May 14, 2024 | issuer extended the offering deadline. | sec.gov |
| April 25, 2024 | Amendment | $10,013 | $4,500,001 | April 30, 2024 | added videos and transcripts on cover image, in introduction, and information for investors section. | sec.gov |
| April 23, 2024 | Amendment | $10,013 | $4,500,001 | April 30, 2024 | issuer updated form c disclosures. | sec.gov |
| April 23, 2024 | Offering | $10,013 | $4,500,001 | April 30, 2024 | sec.gov | |
| September 1, 2023 | Progress update | $10,013 | $3,349,989 | May 1, 2023 | End of offering. Issuer closed its offering with estimated gross proceeds of $1,577,189. The foregoing is in regard only to the amount raised under the Section 4(a)(6) exemption. | sec.gov |
| May 2, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| April 21, 2023 | Amendment | $10,013 | $3,349,989 | May 1, 2023 | the issuer added two new videos and updated text, the team section, and graphics on their offering page. | sec.gov |
| April 12, 2023 | Amendment | $10,013 | $3,349,989 | May 1, 2023 | the issuer extended the offering deadline. | sec.gov |
| February 24, 2023 | Amendment | $10,013 | $3,349,989 | April 28, 2023 | the issuer executed a scheduled unit price change. | sec.gov |
| February 15, 2023 | Amendment | $10,011 | $3,349,994 | April 28, 2023 | the issuer added a graphic in the intro section. | sec.gov |
| February 14, 2023 | Amendment | $10,011 | $3,349,994 | April 28, 2023 | issuer made updates to multiple sections on the offering page. | sec.gov |
| February 10, 2023 | Amendment | $10,011 | $3,349,994 | April 28, 2023 | the issuer announced a scheduled unit price change for february 24, 2023. | sec.gov |
| January 17, 2023 | Amendment | $10,011 | $3,349,994 | April 28, 2023 | the issuer extended the offering deadline. | sec.gov |
| January 13, 2023 | Amendment | $10,011 | $3,349,994 | April 28, 2023 | the issuer extended the offering deadline. | sec.gov |
| December 14, 2022 | Amendment | $10,011 | $3,349,994 | January 17, 2023 | the issuer increased the price per unit from $15.17 to $15.57. | sec.gov |
| November 23, 2022 | Amendment | $10,012 | $3,350,006 | January 17, 2023 | the issuer made text edits to the offering page and the financial condition section. | sec.gov |
| November 17, 2022 | Amendment | $10,012 | $3,350,006 | January 17, 2023 | issuer updated the offering page. | sec.gov |
| November 17, 2022 | Offering | $10,012 | $3,350,006 | January 17, 2023 | sec.gov | |
| November 15, 2022 | Progress update | $10,012 | $4,999,986 | May 2, 2022 | End of offering. Issuer closed its offering with estimated gross proceeds of $4,989,844. The foregoing is in regard only to the amount raised under the Section 4(a)(6) exemption. | sec.gov |
| November 15, 2022 | Withdrawal | Not listed | Not listed | sec.gov | ||
| June 23, 2022 | Progress update | $10,012 | $4,999,986 | May 2, 2022 | End of offering. Issuer closed its offering with estimated gross proceeds of $220,466. The foregoing is in regard only to the amount raised under the Section 4(a)(6) exemption. | sec.gov |
| May 2, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| May 2, 2022 | Amendment | $10,012 | $4,999,986 | May 2, 2022 | issuer extended the offering deadline. | sec.gov |
| May 2, 2022 | Amendment | $10,012 | $4,999,986 | May 2, 2022 | the issuer extended the offering deadline. | sec.gov |
| January 28, 2022 | Amendment | $10,012 | $4,999,986 | April 29, 2022 | issuer extended the offering date. | sec.gov |
| January 27, 2022 | Amendment | $10,012 | $4,999,986 | February 28, 2022 | issuer raised the maximum offering amount to $4,999,986 from $3,948,398 and increased the price per share from $14.23 to $15.17. | sec.gov |
| November 15, 2021 | Amendment | $10,003 | $3,948,398 | December 2, 2021 | the issuer made edits to the faq section on the offering page. | sec.gov |
| November 10, 2021 | Offering | $10,003 | $3,948,398 | December 2, 2021 | sec.gov | |
| June 15, 2021 | Progress update | $10,000 | $1,070,000 | December 17, 2020 | End of offering. Issuer closed its offering with estimated gross proceeds of $1,051,450. The foregoing is in regard only to the amount raised under the Section 4(a)(6) exemption. | sec.gov |
| April 30, 2021 | Annual report | Not listed | Not listed | sec.gov | ||
| February 17, 2021 | Withdrawal | Not listed | Not listed | sec.gov | ||
| December 22, 2020 | Progress update | $10,000 | $1,070,000 | December 17, 2020 | End of offering. Issuer closed its offering with estimated gross proceeds of $1,055,250. The foregoing is in regard only to the amount raised under the Section 4(a)(6) exemption. | sec.gov |
| November 27, 2020 | Amendment | $10,000 | $1,070,000 | December 17, 2020 | the issuer added a link to the transcript of their q&a video located on their offering page. the issuer added a pdf file to the offering page. | sec.gov |
| November 25, 2020 | Amendment | $10,000 | $1,070,000 | December 17, 2020 | the issuer changed the offering end date. | sec.gov |
| November 25, 2020 | Amendment | $10,000 | $1,070,000 | December 17, 2020 | the issuer changed the end date of the offering to 12 | sec.gov |
| November 19, 2020 | Offering | $10,000 | $1,070,000 | January 11, 2021 | sec.gov | |
| November 19, 2020 | Offering | $10,000 | $1,070,000 | January 11, 2021 | sec.gov |
Updated October 13, 2026. Read from SEC EDGAR. Public domain (U.S. government work). Financials are as each company reported them in its Form C, unaudited unless the filing says otherwise. Websites are the ones the companies declared to the SEC. Free to reuse with credit to SpecStream under CC BY 4.0. Spot a wrong value? Write to [email protected] with the link to this page.