{"filing":{"accession_number":"0001683168-26-004573","cik":"0001949864","ticker":"MGNC","company_name":"Mag Magna Corp","form":"8-K","filing_date":"2026-06-05","report_date":null,"primary_document":"magmagna_8k.htm","primary_document_url":"https://www.sec.gov/Archives/edgar/data/1949864/000168316826004573/magmagna_8k.htm"},"events":[{"id":3637,"run_id":3191,"accession_number":"0001683168-26-004573","anchor_item_number":"1.01","event_type":"dilutive_issuance","event_domain":"financial","is_material":true,"confidence":0.94,"summary":"Mag Magna Corp entered into three Securities Purchase Agreements (April 1, April 29, and May 6, 2026) issuing unregistered convertible redeemable notes totaling $463,333.33 principal to CFI Capital, Silvercrest, and GW Capital. The notes are convertible into common stock at 60% of the lowest traded price during the 20 trading days prior to conversion, with reserved shares ranging from 1.4 to 2.1 million shares per note, creating significant dilution risk to existing shareholders.","company_name":"Mag Magna Corp","ticker":"MGNC","filing_date":"2026-06-05","items":[{"id":4625,"accession_number":"0001683168-26-004573","item_number":"1.01","item_title":"Entry into","event_type":"dilutive_issuance","event_domain":"financial","is_material":true,"confidence":0.92,"reasoning":"Mag Magna Corp entered into three Securities Purchase Agreements (April 1, April 29, and May 6, 2026) issuing convertible redeemable notes totaling $463,333.33 principal ($417,000 net proceeds) to CFI Capital, Silvercrest, and GW Capital. Each note is convertible into common stock at 60% of the lowest traded price during the 20 trading days prior to conversion, with reserved shares ranging from 1.4 to 2.1 million shares per note. The notes are unregistered securities issued under Section 4(a)(2) and Rule 506(b), and the conversion mechanics (particularly the 60% discount and substantial reserved share requirements) create significant dilution risk to existing shareholders. This is a classic dilutive private placement raising working capital.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-06-05T16:48:05.017350+00:00","company_name":"","ticker":null,"filing_date":""},{"id":4626,"accession_number":"0001683168-26-004573","item_number":"2.03","item_title":"Creation","event_type":"other_material","event_domain":"catchall","is_material":true,"confidence":0.45,"reasoning":"Item 2.03 discloses creation of a direct financial obligation or off-balance sheet arrangement, which is material by definition. However, the section merely incorporates Item 1.01 by reference without providing substantive detail in the excerpt provided. Without visibility into Item 1.01's content, the specific event type cannot be determined—it could relate to debt issuance, lease obligations, guarantees, or other financial arrangements. Classified as other_material pending full context.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-06-05T16:48:05.017350+00:00","company_name":"","ticker":null,"filing_date":""},{"id":4627,"accession_number":"0001683168-26-004573","item_number":"3.02","item_title":null,"event_type":"dilutive_issuance","event_domain":"financial","is_material":true,"confidence":0.95,"reasoning":"Item 3.02 discloses unregistered sales of convertible notes (CFI Capital Note, Silvercrest Note, and GW Capital Note) issued under Section 4(a)(2) exemption. The notes are convertible into common stock, creating dilution to existing shareholders. This is a classic private placement of convertible securities by a small-cap issuer (MGNC) raising capital through dilutive instruments, which materially affects shareholder equity and voting power.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-06-05T16:48:05.017350+00:00","company_name":"","ticker":null,"filing_date":""}]},{"id":3638,"run_id":3191,"accession_number":"0001683168-26-004573","anchor_item_number":"5.02","event_type":"other_material","event_domain":"catchall","is_material":true,"confidence":0.75,"summary":"Mag Magna Corp established an Executive Committee (composed of Harpreet Sangha and Jamal Khurshid) and an Audit Committee (composed of Gonca Demir, Daniel Marcus, and Nicholas Gregory), and adopted their respective charters. These structural governance changes materially affect the board's delegation of authority and oversight mechanisms.","company_name":"Mag Magna Corp","ticker":"MGNC","filing_date":"2026-06-05","items":[{"id":4628,"accession_number":"0001683168-26-004573","item_number":"5.02","item_title":"Departure of","event_type":"other_material","event_domain":"catchall","is_material":true,"confidence":0.75,"reasoning":"The filing discloses the establishment of two board committees—an Executive Committee (composed of Harpreet Sangha and Jamal Khurshid) and an Audit Committee (composed of Gonca Demir, Daniel Marcus, and Nicholas Gregory)—along with adoption of their respective charters. While Item 5.02 typically covers executive departures, appointments, and compensation, this disclosure centers on structural governance changes rather than individual executive appointments or departures. The establishment of these committees and their delegated authorities is material to investors' understanding of board governance and oversight mechanisms, but does not fit cleanly into the more specific event categories (exec_appointment, exec_departure, or exec_compensation), making other_material the most appropriate classification.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-06-05T16:48:05.017350+00:00","company_name":"","ticker":null,"filing_date":""}]}],"classifications":[{"id":4625,"accession_number":"0001683168-26-004573","item_number":"1.01","item_title":"Entry into","event_type":"dilutive_issuance","event_domain":"financial","is_material":true,"confidence":0.92,"reasoning":"Mag Magna Corp entered into three Securities Purchase Agreements (April 1, April 29, and May 6, 2026) issuing convertible redeemable notes totaling $463,333.33 principal ($417,000 net proceeds) to CFI Capital, Silvercrest, and GW Capital. Each note is convertible into common stock at 60% of the lowest traded price during the 20 trading days prior to conversion, with reserved shares ranging from 1.4 to 2.1 million shares per note. The notes are unregistered securities issued under Section 4(a)(2) and Rule 506(b), and the conversion mechanics (particularly the 60% discount and substantial reserved share requirements) create significant dilution risk to existing shareholders. This is a classic dilutive private placement raising working capital.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-06-05T16:48:05.017350+00:00","company_name":"Mag Magna Corp","ticker":"MGNC","filing_date":"2026-06-05"},{"id":4626,"accession_number":"0001683168-26-004573","item_number":"2.03","item_title":"Creation","event_type":"other_material","event_domain":"catchall","is_material":true,"confidence":0.45,"reasoning":"Item 2.03 discloses creation of a direct financial obligation or off-balance sheet arrangement, which is material by definition. However, the section merely incorporates Item 1.01 by reference without providing substantive detail in the excerpt provided. Without visibility into Item 1.01's content, the specific event type cannot be determined—it could relate to debt issuance, lease obligations, guarantees, or other financial arrangements. Classified as other_material pending full context.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-06-05T16:48:05.017350+00:00","company_name":"Mag Magna Corp","ticker":"MGNC","filing_date":"2026-06-05"},{"id":4627,"accession_number":"0001683168-26-004573","item_number":"3.02","item_title":null,"event_type":"dilutive_issuance","event_domain":"financial","is_material":true,"confidence":0.95,"reasoning":"Item 3.02 discloses unregistered sales of convertible notes (CFI Capital Note, Silvercrest Note, and GW Capital Note) issued under Section 4(a)(2) exemption. The notes are convertible into common stock, creating dilution to existing shareholders. This is a classic private placement of convertible securities by a small-cap issuer (MGNC) raising capital through dilutive instruments, which materially affects shareholder equity and voting power.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-06-05T16:48:05.017350+00:00","company_name":"Mag Magna Corp","ticker":"MGNC","filing_date":"2026-06-05"},{"id":4628,"accession_number":"0001683168-26-004573","item_number":"5.02","item_title":"Departure of","event_type":"other_material","event_domain":"catchall","is_material":true,"confidence":0.75,"reasoning":"The filing discloses the establishment of two board committees—an Executive Committee (composed of Harpreet Sangha and Jamal Khurshid) and an Audit Committee (composed of Gonca Demir, Daniel Marcus, and Nicholas Gregory)—along with adoption of their respective charters. While Item 5.02 typically covers executive departures, appointments, and compensation, this disclosure centers on structural governance changes rather than individual executive appointments or departures. The establishment of these committees and their delegated authorities is material to investors' understanding of board governance and oversight mechanisms, but does not fit cleanly into the more specific event categories (exec_appointment, exec_departure, or exec_compensation), making other_material the most appropriate classification.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-06-05T16:48:05.017350+00:00","company_name":"Mag Magna Corp","ticker":"MGNC","filing_date":"2026-06-05"}]}