5/5Mag Magna Corp (MGNC): Late annual report (NT 10-K)

Market data

Price before filing: $0.55 (2026-07-28 close, split/dividend-adjusted)
Market cap at flag: $3.3M (2026-07-29) · Latest: $3.3M (2026-10-12)

What happened next

Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.

Insider trading around this filing

90 days before the flag: no open-market insider sales or purchases reported.
30 days after: none reported.

Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2026-04-30 to 2026-08-28. Excludes option exercises, grants, gifts and tax withholding. Amended filings replace the originals; joint filings count once. Foreign private issuers do not file Form 4. Many insider sales are pre-scheduled (10b5-1 plans) and are not by themselves a sign of wrongdoing.

Verified excerpt

"Registrant's Form 10-K for the year ended April 30, 2026 (the "Annual Report") could not be filed within the prescribed time period, due to difficulties finalizing the materials required to complete the preparation of the financial statements to be included in the Annual Report, which could not be eliminated without unreasonable effort or expense. Registrant anticipates that it will file the Annual Report no later..."

Quoted from the filing. Source

What this means

The company told the SEC it could not file its annual report on time (Form NT 10-K) and then missed the 15-day extension too. Late annual reports often precede restatements, auditor problems or going-concern warnings.

Status: filed late (report filed 2026-10-07)

Why this score: filed late on 2026-10-07; also within 90 days: Going-concern doubt, Late quarterly report (NT 10-Q)