Data / Crowdfunding / Massachusetts / MagNet Analytics, Inc.
MagNet Analytics, Inc.: crowdfunding raise on Wefunder Portal LLC, $50,003 to $249,995 (2021)
MagNet Analytics, Inc., a corporation in Lexington, MA, filed a Form C with the SEC on February 26, 2021 to raise $50,003 to $249,995 in preferred stock through Wefunder Portal LLC. The offering closed on April 30, 2022. In its most recent fiscal year it reported $10,000 in revenue and a net loss of $106,363, with 3 employees.
SpecStream is the live web data engine for teams and agents. It reads every Form C on SEC EDGAR each morning, and this page is that reading. Ask for your own cut (a portal, a state, a size, a revenue range) and new raises arrive in your sheet, CRM, Slack or agent as they land.
- Website
- www.magnetkiosks.com
- Funding portal
- Wefunder Portal LLC
- Address
- 30 Whipple Rd., Lexington, MA 02420
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- May 22, 2018
- SEC CIK
- 0001800203
Offering terms
From the offering filed February 26, 2021.
- Security
- Preferred Stock
- Price
- $6.63
- Target
- $50,003
- Maximum
- $249,995
- Deadline
- April 30, 2022
- Portal compensation
- 7.5% of the offering amount upon a successful fundraise, and be entitled to reimbursement for out-of-pocket third party expenses it pays or incurs on behalf of the Issuer in connection with the offering.
Financials
From the Form C filed February 26, 2021.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $10,000 | $21,349 | sec.gov |
| Cost of goods sold | $0 | $-358 | sec.gov |
| Net income | $-106,363 | $-344,288 | sec.gov |
| Taxes paid | $1,145 | $1,557 | sec.gov |
| Total assets | $35,032 | $139,228 | sec.gov |
| Cash | $35,032 | $22 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $7,363 | $2,927 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| February 26, 2021 | Offering | $50,003 | $249,995 | April 30, 2022 | sec.gov | |
| February 24, 2021 | Progress update | $50,000 | $1,069,993 | November 30, 2020 | The final number is $136,139.40 in investments. | sec.gov |
| June 10, 2020 | Amendment | $50,000 | $1,069,993 | August 29, 2020 | Material amendment - disclosing founder's investment. | sec.gov |
| February 24, 2020 | Offering | $50,000 | $1,069,993 | May 29, 2020 | sec.gov |
Updated February 26, 2021. 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.