United States Securities and Exchange Commission · EDGAR Accession 0001669191-26-000179

Form C-U

Offering Progress Update — Regulation Crowdfunding
Campaign file 020-37008
Issuer CIK 1719420
Raising via NetCapital Funding Portal Inc.

MAGFAST, LLC

Limited Liability CompanyDEIncorporated 2017Cornwall on Hudson, NYmagfast.com
Progress updateEnd 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.
A

The Offering

as disclosed in this filing
Common Stock
$15.77
$10,014
$4,652,150
May 8, 2026
Expired 37 days ago
$0max $4,652,150

Target is 0% of the maximum. Over-subscriptions accepted, allocated first-come, first-served basis.

B

Financial Condition

two fiscal years, as filed
Revenue −38% YoYBurn decreasingDebt / assets 22%2 employees
Line itemMost recent FYPrior FYΔ
Revenue1,397,5462,260,213▼ 38%
Cost of goods sold783,4081,484,565▼ 47%
Net income(2,663,700)(4,141,120)▲ burn
Total assets2,262,3692,929,328▼ 23%
Cash & equivalents75,5361,271,585▼ 94%
Accounts receivable00
Short-term debt498,443600,780▼ 17%
Long-term debt00
Taxes paid00

Figures in USD as reported by the issuer. Securities offered in all 50 states.

C

Campaign Timeline

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