---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-26-004573"
form_type: "8-K"
ticker: "MGNC"
cik: "0001949864"
company_name: "Mag Magna Corp"
filed_at: "2026-06-05T10:00:27+00:00"
generated_at: "2026-06-05T10:05:25.305910+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Mag Magna issues $463K in convertible notes to three investors; forms board committees

## Summary
- Issued $170K 6% convertible note to CFI Capital on Apr 1; net proceeds $153K after OID.
- Issued $170K 6% convertible note to Silvercrest Hybrid on Apr 29; net $153K after OID.
- Issued $123.3K 12% convertible note to GW Capital on May 6; net $111K after OID.
- Conversion at 60% of lowest traded price over 20 days; default price drops to 45%.
- Proceeds used for general working capital; also formed Executive and Audit Committees.

## SEC filing metadata
- accession: 0001683168-26-004573
- form_type: 8-K
- ticker: MGNC
- cik: 0001949864
- company_name: Mag Magna Corp
- filed_at: 2026-06-05T10:00:27+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1949864/000168316826004573/0001683168-26-004573-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1949864/000168316826004573/magmagna_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-26-004573
- JSON: https://secwatch.observer/filing/0001683168-26-004573.json
- Plain text: https://secwatch.observer/filing/0001683168-26-004573.txt

## Key facts
- Debt Financings
  Mag Magna Corp incurred convertible notes of $170,000.00 with CFI Capital, LLC at 6% per annum maturing 12 months from issue date.
  - Instrument: convertible notes
  - Principal: $170,000.00
  - Counterparty: CFI Capital, LLC
  - Rate: 6% per annum
  - Maturity: 12 months from issue date
  - Event: incurrence
  source text: Effective April 1, 2026, Mag Magna Corp., a Wyoming corporation (the “Company” ), entered into a Securities Purchase Agreement (the “CFI Capital SPA” ) with CFI Capital, LLC ( “CFI Capital” ), pursuant to which the Company issued to CFI Capital a 6% convertible redeemable note in the principal amount of $170,000.00 (the “CFI Capital Note” ) for cash proceeds of $153,000.00 (reflecting $17,000.00 original issue discount).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1949864/000168316826004573/0001683168-26-004573-index.htm
- Debt Financings
  Mag Magna Corp incurred convertible notes of $170,000.00 with Silvercrest Hybrid Capital LLC at 12% per annum maturing 12 months from issue date.
  - Instrument: convertible notes
  - Principal: $170,000.00
  - Counterparty: Silvercrest Hybrid Capital LLC
  - Rate: 12% per annum
  - Maturity: 12 months from issue date
  - Event: incurrence
  source text: Effective April 29, 2026, the Company entered into a Securities Purchase Agreement (the “Silvercrest SPA” ) with Silvercrest Hybrid Capital LLC ( “Silvercrest” ), pursuant to which the Company issued to Silvercrest a 6% convertible redeemable note in the principal amount of $170,000.00 (the “Silvercrest Note” ) for cash proceeds of $153,000.00 (reflecting $17,000.00 original issue discount).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1949864/000168316826004573/0001683168-26-004573-index.htm
- Material Agreements
  Mag Magna Corp entered into Securities Purchase Agreement with Silvercrest Hybrid Capital with Silvercrest Hybrid Capital LLC valued at $170,000 principal, 6% convertible redeemable note, cash proceeds $153,000 (effective 2026-04-29).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: Silvercrest Hybrid Capital LLC
  - Value: $170,000 principal, 6% convertible redeemable note, cash proceeds $153,000
  - Effective: 2026-04-29
  source text: Effective April 29, 2026, the Company entered into a Securities Purchase Agreement (the "Silvercrest SPA" ) with Silvercrest Hybrid Capital LLC ( "Silvercrest" ), pursuant to which the Company issued to Silvercrest a 6% convertible redeemable note in the principal amount of $170,000.00 (the "Silvercrest Note" ) for cash proceeds of $153,000.00 (reflecting $17,000.00 original issue discount).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1949864/000168316826004573/0001683168-26-004573-index.htm
- Material Agreements
  Mag Magna Corp entered into Securities Purchase Agreement with CFI Capital with CFI Capital, LLC valued at $170,000 principal, 6% convertible redeemable note, cash proceeds $153,000 (effective 2026-04-01).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: CFI Capital, LLC
  - Value: $170,000 principal, 6% convertible redeemable note, cash proceeds $153,000
  - Effective: 2026-04-01
  source text: Effective April 1, 2026, Mag Magna Corp., a Wyoming corporation (the "Company" ), entered into a Securities Purchase Agreement (the "CFI Capital SPA" ) with CFI Capital, LLC ( "CFI Capital" ), pursuant to which the Company issued to CFI Capital a 6% convertible redeemable note in the principal amount of $170,000.00 (the "CFI Capital Note" ) for cash proceeds of $153,000.00 (reflecting $17,000.00 original issue discount).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1949864/000168316826004573/0001683168-26-004573-index.htm

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