Data / Crowdfunding / Connecticut / Magnuss Corp.
Magnuss Corp.: crowdfunding raise on StartEngine Capital, LLC, $10,000 to $1,070,000 (2022)
Magnuss Corp., a corporation in Westport, CT, filed a Form C with the SEC on June 24, 2022 to raise $10,000 to $1,070,000 in common stock through StartEngine Capital, LLC. The offering closed on August 1, 2022. In its most recent fiscal year it reported $0 in revenue and a net loss of $140,634, with 2 employees.
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- Website
- www.magnuss.com
- Funding portal
- StartEngine Capital, LLC
- Address
- 580 RIVERSIDE AVE., #104 SUITE #104, Westport, CT 06880
- Legal form
- Corporation
- Jurisdiction
- NY
- Incorporated
- January 11, 2013
- SEC CIK
- 0001890101
Offering terms
From the amendment filed June 24, 2022.
- Security
- Common Stock
- Price
- $20.00
- Target
- $10,000
- Maximum
- $1,070,000
- Deadline
- August 1, 2022
- Portal compensation
- 7 - 13 percent
Financials
From the Form C-AR filed April 25, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $0 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-140,634 | $-94,569 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $239,063 | $223,802 | sec.gov |
| Cash | $12,532 | $13,675 | sec.gov |
| Accounts receivable | $11,437 | $0 | sec.gov |
| Short-term debt | $8,514 | $8,437 | sec.gov |
| Long-term debt | $12,200 | $20,005 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 30, 2024 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| April 25, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| August 2, 2022 | Progress update | $10,000 | $1,070,000 | August 1, 2022 | At the close of the offering, the issuer closed on $140,745 and 7,842 number of securities. | sec.gov |
| June 24, 2022 | Amendment | $10,000 | $1,070,000 | August 1, 2022 | Issuer is extending campaign end date. | sec.gov |
| April 27, 2022 | Amendment | $10,000 | $1,070,000 | June 28, 2022 | Issuer has provided updated financials and is extending their campaign 60 days. | sec.gov |
| April 25, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| March 7, 2022 | Offering | $10,000 | $1,070,000 | April 29, 2022 | sec.gov |
Updated April 30, 2024. 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.