Offerings / Regulation CF / MAGFAST, LLC
MAGFAST, LLC
Regulation Crowdfunding offering on NetCapital · Form C filed April 17, 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 $1,397,546 of revenue in its most recent fiscal year.
Offering terms
- Security
- Common Stock
- Maximum
- $4,652,150.00
- 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
- May 8, 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 2,950 units to be issued, along the same terms as investors.
Financials as filed
| Item | Most recent FY | Prior FY |
|---|---|---|
| Revenue | $1,397,546 | $2,260,213 |
| Cost of goods sold | $783,408 | $1,484,565 |
| Net income (loss) | -$2,663,700 | -$4,141,120 |
| Total assets | $2,262,369 | $2,929,328 |
| Cash and equivalents | $75,536 | $1,271,585 |
| Accounts receivable | $0 | $0 |
| Short-term debt | $498,443 | $600,780 |
| 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.