---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-26-002547"
form_type: "8-K"
ticker: "MGNC"
cik: "0001949864"
company_name: "Mag Magna Corp"
filed_at: "2026-03-31T23:59:59+00:00"
generated_at: "2026-05-15T08:15:18.173325+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Mag Magna Corp. consultants lock up 89% of 10M S-8 shares through 2026

## Summary
- 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.

## SEC filing metadata
- accession: 0001683168-26-002547
- form_type: 8-K
- ticker: MGNC
- cik: 0001949864
- company_name: Mag Magna Corp
- filed_at: 2026-03-31T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1949864/000168316826002547/0001683168-26-002547-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1949864/000168316826002547/magmagna_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-26-002547
- JSON: https://secwatch.observer/filing/0001683168-26-002547.json
- Plain text: https://secwatch.observer/filing/0001683168-26-002547.txt

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