other material
confidence high
sentiment positive
materiality 0.65
Mag Magna Corp. consultants lock up 89% of 10M S-8 shares through 2026
Mag Magna Corp
- 11 consultants agreed to lock up 8,900,000 shares (89% of 10M S-8 shares) until Dec 31, 2026.
- Leak-out period Jan–June 2027: max 100,000 shares/month, 20,000 shares/day.
- Early termination if stock closes above $5.00 for 10 consecutive days after lock-up period.
- Company may waive restrictions; shares remain free-trading but voluntarily restricted.
- CEO Jamal Khurshid cites the agreements as proof of long-term belief in rare earth mining strategy.