MagFast LLC

04/17/2026 | Press release | Distributed by Public on 04/17/2026 14:47

Annual Report by Private Issuer (Form C-AR)

FORM C UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
OMB APPROVAL


FORM C-AR

OMB Number: ####-####

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Form C: Filer Information

Filer CIK:
0001719420
Filer CCC:
XXXXXXXX
Period:
12-31-2024


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Submission Contact Information

Name:
Phone Number:
Contact E-Mail Address:
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Form C: Issuer Information

Issuer Information

Name of Issuer:
MAGFAST LLC


Legal Status of Issuer:

Form:
Limited Liability Company


Jurisdiction of Incorporation/Organization:
DELAWARE


Date of Incorporation/Organization:
10-03-2017


Physical Address of Issuer:

Address 1:
1 GRANDVIEW AVE


City:
CORNWALL ON HUDSON


State/Country:
NEW YORK


Mailing Zip/Postal Code:
12520


Website of Issuer:
https://www.magfast.com/


Form C: Annual Report Disclosure Requirements

Annual Report Disclosure Requirements

Current Number of Employees:
2.00


Total Assets Most Recent Fiscal Year-end:
2262369.00


Total Assets Prior Fiscal Year-end:
2929328.00


Cash and Cash Equivalents Most Recent Fiscal Year-end:
75536.00


Cash and Cash Equivalents Prior Fiscal Year-end:
1271585.00


Accounts Receivable Most Recent Fiscal Year-end:
0.00


Accounts Receivable Prior Fiscal Year-end:
0.00


Short-term Debt Most Recent Fiscal Year-end:
560343.00


Short-term Debt Prior Fiscal Year-end:
662680.00


Long-term Debt Most Recent Fiscal Year-end:
0.00


Long-term Debt Prior Fiscal Year-end:
0.00


Revenue/Sales Most Recent Fiscal Year-end:
1397546.00


Revenue/Sales Prior Fiscal Year-end:
2260213.00


Cost of Goods Sold Most Recent Fiscal Year-end:
783408.00


Cost of Goods Sold Prior Fiscal Year-end:
1484565.00


Taxes Paid Most Recent Fiscal Year-end:
0.00


Taxes Paid Prior Fiscal Year-end:
0.00


Net Income Most Recent Fiscal Year-end:
-2663700.00


Net Income Prior Fiscal Year-end:
-4141120.00


Form C: Signature

Signature

Pursuant to the requirements of Sections 4(a)(6) and 4A of the Securities Act of 1933 and Regulation Crowdfunding (§ 227.100-503), the issuer certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form C and has duly caused this Form to be signed on its behalf by the duly authorized undersigned.
Issuer:
MAGFAST LLC


Signature:
/s/ Seymour Orpen Segnit


Title:
CEO


Pursuant to the requirements of Sections 4(a)(6) and 4A of the Securities Act of 1933 and Regulation Crowdfunding (§ 227.100-503), this Form C has been signed by the following persons in the capacities and on the dates indicated.

Signature:
/s/ Seymour Orpen Segnit


Title:
Principal Executive Officer, Principal Financial Officer, Principal Accounting Officer, Board Member


Date:
04-17-2026


Pursuant to the requirements of Sections 4(a)(6) and 4A of the Securities Act of 1933 and Regulation Crowdfunding (§ 227.100-503), this Form C has been signed by the following persons in the capacities and on the dates indicated.

Signature:
/s/ Amy Rau Segnit


Title:
Board Member


Date:
04-17-2026


MagFast LLC published this content on April 17, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on April 17, 2026 at 20:47 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]