Every 8-K that MAG MAGNA CORP (MGNC) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow MGNC and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full MGNC filings page.
Mag Magna Corp. entered into three Securities Purchase Agreements for convertible redeemable notes to raise cash for general working capital. It issued a $170,000 6% note to CFI Capital for $153,000, a second $170,000 6% note to Silvercrest for $153,000, and a $123,333.33 12% note to GW Capital for $111,000, each with original issue discounts.
The notes mature in 12 months, bear interest between 6% and 12%, and are convertible after six months at 60% of the lowest traded common stock price over the prior 20 trading days, with a 4.99% beneficial ownership cap. Upon default, the conversion price shifts to 45% of that low. Mag Magna must reserve several million shares to support potential conversions and faces escalating premiums if it prepays early.
The company also formed an Executive Committee, giving two directors broad authority between board meetings, and established a three-member Audit Committee of independent directors, adopting detailed charters that define their oversight of financial reporting, internal controls and auditor relationships.
Mag Magna Corp. entered into voluntary lock-up and leak-out agreements with 11 consultants covering 8,900,000 shares of common stock, or 89% of the 10,000,000 shares issued to consultants under its 2026 stock incentive plan. These shares are fully locked up through December 31, 2026, meaning the holders cannot sell or transfer them during that period.
From January 1 through June 30, 2027, a leak-out period applies, limiting sales to a maximum of 100,000 shares per month and 20,000 shares per day. The agreements can terminate early if any agreement is breached or if the Company’s common stock closes above $5.00 per share for ten consecutive trading days after the lock-up period ends. The board may also reduce, remove, or waive these resale restrictions.
Mag Magna Corp. filed an 8-K to warn about a fraudulent, unauthorized press release that falsely claimed the company was acquiring a large-scale poultry farming enterprise. The company states it did not authorize use of its ticker and advises that no person should rely on that release.
Mag Magna explains it abandoned any poultry-related business operations effective December 24, 2025, following a change-in-control, and now focuses solely on rare earth elements mining. It has demanded that publishers remove the fraudulent release and reiterates its strategy of acquiring and developing rare earth mineral properties.
Mag Magna Corp. entered into multiple consulting and legal services agreements and paid for these services in stock. Since February 13, 2026, the company issued 8,700,000 shares of common stock to 13 third-party consultants under its 2026 Stock Incentive Plan and a Form S-8 registration. All consultants are engaged to support the company’s rare earth element strategies, and their contracts state they may not work on capital-raising or promoting a market for the stock.
The company also issued 1,300,000 shares to attorney Eric Newlan under a Legal Services Agreement for corporate and securities law work through September 30, 2026, valued at $0.077 per share, or $100,000 in total. His agreement includes the same restrictions on capital-raising and market-promotion activities.
Mag Magna Corp. entered into an equity purchase agreement giving it the right, but not the obligation, to sell up to $30,000,000.00 of common stock to Monroe Street Capital Partners over a commitment period of up to 24 months, at a discount to market price. Monroe receives 15,000 initial commitment shares and additional shares tied to each $2,500,000 drawn. The company also issued two convertible notes of $91,292.40 each to Monroe and Lambda Ventures for cash proceeds of $85,530.00 apiece, along with five-year warrants for 40,575 common shares each, and plans to use the note proceeds for general working capital.
Mag Magna Corp. reported changes to its Board of Directors. On February 9, 2026, Director Michael D. Noonan resigned from the Board for personal reasons, effective immediately, while continuing to serve as Chief Financial Officer. The company stated his resignation did not involve any dispute or disagreement over its operations, policies, or practices.
The Board filled three existing vacancies by appointing Gonca Demir, an international business executive with healthcare and real estate experience, Daniel Marcus, a veteran financial markets and legal professional, and Nicholas Gregory, a founder and CEO in the cryptocurrency industry. Demir brings multi-jurisdictional operational experience, Marcus adds trading platform and regulatory expertise, and Gregory contributes digital asset and blockchain knowledge.
Mag Magna Corp. signed a purchase agreement to acquire mineral rights over 21 parcels in Illinois and three mining claims in Arizona. The agreed price is $300,000 in cash plus 2,000,000 common shares at a deemed $5.00 per share, for a total of $10.3 million. Cash will be paid in staged installments through the second anniversary of closing, and the seller keeps a 2% net smelter return royalty on future production. The company must spend at least $100,000 in 2026 and $200,000 in 2027 on exploration.
The board has shifted the company’s plan of business from chicken farming to acquiring and developing rare earth minerals, with all future capital directed to this strategy. Governance changes include issuing one Series X Preferred Share to majority holder Harpreet Sangha, expanding the board from one to three directors, appointing Jamal (Jamie) Khurshid and Michael D. Noonan as directors, and naming Khurshid as CEO/President/Secretary and Noonan as CFO/Treasurer. The company also adopted Amended and Restated Articles of Incorporation with broad indemnification for directors and officers and Amended and Restated Bylaws to update its governance framework.
Mag Magna Corp. reported a change in control and leadership. On December 24, 2025, Harpreet Sangha purchased 4,500,000 common shares from Wang Gang under a stock purchase agreement, giving him approximately 77.20% of the company’s outstanding common stock and voting control. The total purchase price was $415,000, with $240,000 paid in cash at closing and $175,000 via a secured promissory note due within 60 days and collateralized by the acquired shares.
In connection with the transaction, Wang Gang resigned as President, Chief Executive Officer, Treasurer, Secretary and Director. Harpreet Sangha became the company’s sole director and was appointed President, Chief Executive Officer, Treasurer and Secretary. The filing states there were 5,829,047 shares outstanding as of the date referenced, with Sangha owning the same 4,500,000 shares both as a principal shareholder and as the only officer and director.
Mag Magna Corp. reported a change in its independent registered public accounting firm. On November 14, 2025, Mac Accounting Group & CPAs, LLP resigned as the company’s auditor, after having served for the fiscal years ended April 30, 2025 and 2024 and reviewing the quarter ended July 31, 2025. The company states there were no disagreements with Mac Accounting Group on accounting principles, financial statement disclosures, or audit procedures, and no reportable events as defined under SEC rules.
On December 2, 2025, the company appointed Boladale Lawal & Co. as its new independent registered public accounting firm. Mag Magna Corp. indicates it did not previously consult Lawal & Co. on specific accounting treatments, potential audit opinions, or matters involving disagreements or reportable events. A confirming letter from Mac Accounting Group agreeing with the company’s description of the circumstances is included as an exhibit.