secwatch.observer — SEC 8-K summary
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Issuer:     Mag Magna Corp (MGNC)
CIK:        0001949864
Form:       8-K
Filed at:   2026-03-09T23:59:59+00:00
Accession:  0001683168-26-001616
Event type: debt
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1949864/000168316826001616/0001683168-26-001616-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1949864/000168316826001616/magmagna_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-26-001616

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer