Offerings / Regulation CF / MAGFAST, LLC
MAGFAST, LLC
Regulation Crowdfunding offering on NetCapital · Form C filed June 23, 2026 · Cornwall On Hudson, New York
Repeat issuerCommon stockRevenue over $1MLimited Liability Company, Delaware
Business summary pending extraction from the offering statement. The company is a limited liability company organized in Delaware on October 3, 2017, based in Cornwall On Hudson, NY, with 2 employees and $1,066,334 of revenue in its most recent fiscal year.
Offering terms
- Security
- Common Stock
- Maximum
- $4,500,001.04
- Price
- $15.77 per unit
- Pricing method
- The price of the Securities was determined solely by the management and bears no relation to traditional measures of valuation such as book value or price-to-earnings ratios. We expect that any future valuation will take the same approach.
- Deadline
- August 28, 2026
- Oversubscriptions
- Accepted, first-come, first-served basis
- Intermediary
- NetCapital Funding Portal Inc.
Funding portal, SEC file 007-00035 - Intermediary fee
- Up to 4.9% of amount raised for a successful offering and a listing fee of up to $10,000
- Intermediary equity
- Up to 2,853 units to be issued, along the same terms as investors.
Financials as filed
| Item | Most recent FY | Prior FY |
|---|---|---|
| Revenue | $1,066,334 | $1,397,546 |
| Cost of goods sold | $353,168 | $783,408 |
| Net income (loss) | -$1,875,674 | -$2,663,700 |
| Total assets | $3,037,249 | $2,262,369 |
| Cash and equivalents | $375,030 | $75,536 |
| Accounts receivable | $0 | $0 |
| Short-term debt | $379,640 | $498,443 |
| Long-term debt | $0 | $0 |
| Taxes paid | $0 | $0 |
Two fiscal years as reported on the Form C cover sheet. 2 employees. Offered in 56 states.