Magnabid

Regulation Crowdfunding campaign information and financial data from SEC filings


Profile

According to their SEC filings, Magnabid is a Corporation organized in DE on 11-19-2015. They report having 4.00 employees, and revenue in their most recent fiscal year of $0 and $0 the prior year.

Website:
www.magnabid.com
Location:
9735 WILSHIRE BLVD,
UNIT 123
BEVERLY HILLS, CA 90212

Equity Crowdfunding Campaigns

Magnabid does not currently have any active Reg CF crowdfunding campaigns.

Previous Crowdfunding Offering
Friday, September 14, 2018

Magnabid previously ran a Reg CF crowdfunding campaign to raise a target of $10,000 via StartEngine before a deadline of 09-08-2018. They filed this progress report at the end of the offering: "At the close of the offering, the issuer closed on $18,807.95, and 57,407 number of securities."

Intermediary compensation

According to the SEC filings, StartEngine was compensated as follows for this offering:

"6 percent"

In addition to any direct compensation, Magnabid reports that StartEngine also received the following financial interest in the offering:

"N/A"
Previous Crowdfunding Offering
Tuesday, June 12, 2018

Magnabid previously ran a Reg CF crowdfunding campaign to raise a target of $10,000 via StartEngine before a deadline of 08-23-2017. They filed this progress report at the end of the offering: "At the close of the offering issuer had sold 346836 shares for $121,392.60."

Intermediary compensation

According to the SEC filings, StartEngine was compensated as follows for this offering:

"5 percent"

In addition to any direct compensation, Magnabid reports that StartEngine also received the following financial interest in the offering:

"N/A"
Previous Crowdfunding Offering
Tuesday, June 12, 2018

Magnabid previously ran a Reg CF crowdfunding campaign to raise a target of $10,000 via StartEngine before a deadline of 06-08-2018. They filed this progress report at the end of the offering: "At the close of the offering, the amount closed on is $28,049.35 and 80,141 number of securities sold, final amount subject to change pending final receipt of committed investments." The URL for the offering was https://www.startengine.com/magnabid-medical.

Intermediary compensation

According to the SEC filings, StartEngine was compensated as follows for this offering:

"6 percent"

In addition to any direct compensation, Magnabid reports that StartEngine also received the following financial interest in the offering:

"N/A"

Financial Information

The following information is taken from SEC filings.

Income Statement Items

Most-Recent Fiscal Year Prior Fiscal Year % Change
Revenue $0 $0 N/A
Cost of Goods Sold $0 $0 N/A
Taxes Paid $0 $0 N/A
Net Income -$11,207 -$2810 N/A

Balance Sheet Items

Most-Recent Fiscal Year Prior Fiscal Year % Change
Total Assets $10,789 $4,665 131.3%
Cash & Cash Equivalents $104 $395 -73.7%
Accounts Receivable $0 $0 N/A
Short-Term Debt $24,206 $6,875 252.1%
Long-Term Debt $0 $0 N/A

Complete Reg CF filing activity feed

  • Update Form C-U

    [ Sep-14 ] Magnabid filed a progress report (Form C-U) with the following update:

    "At the close of the offering, the issuer closed on $18,807.95, and 57,407 number of securities."

    Click here to see more details of what was updated.

  • New Offering Form C

    [ Jun-13 ] Magnabid filed SEC Form C to raise a target amount of $10,000 (up to a maximum of $350,559) of Class A Non Voting Stock via StartEngine before a deadline of 09-08-2018.

  • Update Form C-U

    [ Jun-12 ] Magnabid filed a progress report (Form C-U) with the following update:

    "At the close of the offering issuer had sold 346836 shares for $121,392.60."

    Click here to see more details of what was updated.

  • Update Form C-U

    [ Jun-12 ] Magnabid filed a progress report (Form C-U) with the following update:

    "At the close of the offering, the amount closed on is $28,049.35 and 80,141 number of securities sold, final amount subject to change pending final receipt of committed investments."
  • Update Form C/A

    [ Apr-30 ] Magnabid filed an amended Form C (Form C/A) regarding their offering to raise a target of $10,000 (up to a maximum of $378,607) of Common Stock via StartEngine before a deadline of 06-08-2018. The nature of the amendment was described as follows:

    "Company is updating 2017 financials."
  • New Offering Form C

    [ Mar-9 ] Magnabid filed SEC Form C to raise a target amount of $10,000 (up to a maximum of $378,607) of Common Stock via StartEngine before a deadline of 06-08-2018.

  • Update Form C-U

    [ Aug-30-2017 ] Magnabid filed a progress report (Form C-U) with the following update:

    "At the close of the offering issuer had sold 314,285 shares for $109,999.75."

    Click here to see more details of what was updated.

  • Update Form C/A

    [ Aug-14-2017 ] Magnabid filed an amended Form C (Form C/A) regarding their offering to raise a target of $10,000 (up to a maximum of $1,000,000) of Common Stock via StartEngine before a deadline of 08-23-2017. The nature of the amendment was described as follows:

    "Extending the campaign end date and increasing maximum funding goal to $1,069,999.70. Updated Financial Review attached as Exhibit B to Form C."

    Click here to see more details of what was updated.

  • Update Form C/A

    [ Jun-30-2017 ] Magnabid filed an amended Form C (Form C/A) regarding their offering to raise a target of $10,000 (up to a maximum of $107,000) of Common Stock via StartEngine before a deadline of 08-14-2017. The nature of the amendment was described as follows:

    "Extending the campaign end date, increasing maximum funding goal to $107,000 and clarifying minimum raise amount in offering document."

    Click here to see more details of what was updated.

  • New Offering Form C

    [ Mar-31-2017 ] Magnabid filed SEC Form C to raise a target amount of $10,000 (up to a maximum of $100,000) of Common Stock via StartEngine before a deadline of 06-30-2017.