8-K
filed March 9, 2026, 7:59 PM ET
ticker MGNC
CIK 0001949864
debt
confidence high
sentiment neutral
materiality 0.80
Mag Magna Corp (MGNC): debt financing — Mag Magna Corp. enters into $30M equity line and $91K convertible notes with Monroe and Lambda
Mag Magna Corp
- Mag Magna entered Equity Purchase Agreement with Monroe Street Capital Partners for up to $30,000,000 of common stock.
- Issued 15,000 initial commitment shares to Monroe as consideration for the equity line.
- Issued $91,292.40 convertible promissory notes to Monroe and Lambda Ventures, each with 10% interest and 12-month maturity.
- Each note investor received a five-year warrant to purchase 40,575 shares of common stock.
Key facts
Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Mag Magna Corp incurred convertible notes of $91,292.40 with Monroe at 10% per annum maturing 12 months from its issue date.
- Instrument
- convertible notes
- Principal
- $91,292.40
- Counterparty
- Monroe
- Rate
- 10% per annum
- Maturity
- 12 months from its issue date
- Event
- incurrence
Exact text from the filing
the Company issued to Monroe a convertible promissory note in the principal amount of $91,292.40 (the “Monroe Note”) for cash proceeds of $85,530.00
View on SEC.gov
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Mag Magna Corp incurred convertible notes of $91,292.40 with Lambda Ventures, LLC at 10% per annum maturing 12 months from its issue date.
- Instrument
- convertible notes
- Principal
- $91,292.40
- Counterparty
- Lambda Ventures, LLC
- Rate
- 10% per annum
- Maturity
- 12 months from its issue date
- Event
- incurrence
Exact text from the filing
the Company issued to Lambda a convertible promissory note in the principal amount of $91,292.40 (the “Lambda Note”) for cash proceeds of $85,530.00
View on SEC.gov
Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.9
Mag Magna Corp issued 40,575 shares of Common Stock of warrant to Lambda Ventures, LLC.
- Security
- warrant
- Shares
- 40,575 shares of Common Stock
- Purchaser
- Lambda Ventures, LLC
Exact text from the filing
Lambda was also issued a five-year warrant (the "Lambda Warrant") to purchase 40,575 shares of Common Stock with standard anti-dilution provisions and cashless exercise
View on SEC.gov
Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.9
Mag Magna Corp issued convertible note to Monroe Street Capital Partners, LP for cash proceeds of $85,530.00.
- Security
- convertible note
- Purchaser
- Monroe Street Capital Partners, LP
- Consideration
- cash proceeds of $85,530.00
Exact text from the filing
the Company issued to Monroe a convertible promissory note in the principal amount of $91,292.40 (the "Monroe Note") for cash proceeds of $85,530.00
View on SEC.gov
Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.9
Mag Magna Corp issued 40,575 shares of Common Stock of warrant to Monroe Street Capital Partners, LP.
- Security
- warrant
- Shares
- 40,575 shares of Common Stock
- Purchaser
- Monroe Street Capital Partners, LP
Exact text from the filing
Monroe was also issued a five-year warrant (the "Monroe Warrant") to purchase 40,575 shares of Common Stock with standard anti-dilution provisions and cashless exercise
View on SEC.gov
Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.9
Mag Magna Corp issued convertible note to Lambda Ventures, LLC for cash proceeds of $85,530.00.
- Security
- convertible note
- Purchaser
- Lambda Ventures, LLC
- Consideration
- cash proceeds of $85,530.00
Exact text from the filing
the Company issued to Lambda a convertible promissory note in the principal amount of $91,292.40 (the "Lambda Note") for cash proceeds of $85,530.00
View on SEC.gov
Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.9
Mag Magna Corp issued 15,000 shares of Common Stock of common stock to Monroe Street Capital Partners, LP for consideration for entering into the Purchase Agreement.
- Security
- common stock
- Shares
- 15,000 shares of Common Stock
- Purchaser
- Monroe Street Capital Partners, LP
- Consideration
- consideration for entering into the Purchase Agreement
Exact text from the filing
the Company agreed to issue 15,000 shares of Common Stock (the "Initial Commitment Shares") to Monroe
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.99
Mag Magna Corp entered into Equity Purchase Agreement with Monroe Street Capital Partners, LP valued at Up to $30,000,000.00 of common stock; initial commitment of 15,000 shares; purchase price 80% of low (effective 2026-02-25).
- Action
- entry
- Agreement
- equity purchase
- Counterparty
- Monroe Street Capital Partners, LP
- Value
- Up to $30,000,000.00 of common stock; initial commitment of 15,000 shares; purchase price 80% of low
- Effective
- 2026-02-25
Exact text from the filing
Item 1.01. Entry into a Material Definitive Agreement. Equity Purchase Agreement Effective February 25, 2026, Mag Magna Corp., a Wyoming corporation (the “Company” ), entered into an Equity Purchase Agreement (the “Purchase Agreement” ) with Monroe Street Capital Partners, LP ( “Monroe” ).
View on SEC.gov
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