---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-26-001616"
form_type: "8-K"
ticker: "MGNC"
cik: "0001949864"
company_name: "Mag Magna Corp"
filed_at: "2026-03-09T23:59:59+00:00"
generated_at: "2026-05-15T18:13:19.377067+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Mag Magna Corp. enters into $30M equity line and $91K convertible notes with Monroe and Lambda

## Summary
- 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.

## SEC filing metadata
- accession: 0001683168-26-001616
- form_type: 8-K
- ticker: MGNC
- cik: 0001949864
- company_name: Mag Magna Corp
- filed_at: 2026-03-09T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1949864/000168316826001616/0001683168-26-001616-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1949864/000168316826001616/magmagna_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-26-001616
- JSON: https://secwatch.observer/filing/0001683168-26-001616.json
- Plain text: https://secwatch.observer/filing/0001683168-26-001616.txt

## Source-grounded claims
- claim_id: 44f3d51bb410eb60ec74c633f2d024fac8ad87dc
  claim: Mag Magna Corp incurred convertible notes of $91,292.40 with Monroe at 10% per annum maturing 12 months from its issue date.
  evidence_excerpt: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1949864/000168316826001616/0001683168-26-001616-index.htm
- claim_id: c7c883b269b1c41596604fc51a9cb29184720c57
  claim: 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.
  evidence_excerpt: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1949864/000168316826001616/0001683168-26-001616-index.htm
- claim_id: 56accf00f9ec7b99eefc3f69966e32a2cda46dd7
  claim: 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).
  evidence_excerpt: 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” ).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1949864/000168316826001616/0001683168-26-001616-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.