5/5Mag Magna Corp (MGNC): Late quarterly report (NT 10-Q)

Market data

Price before filing: $0.3 (2026-09-14 close, split/dividend-adjusted)
Market cap at flag: $1.8M (2026-09-15) · 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 2026-06-17 to 2026-10-15. 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-Q for the nine months ended January 31, 2026 (the "Quarterly 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 Quarterly Report, which could not be eliminated without unreasonable effort or expense. Registrant anticipates that it will file the Quarterly..."

Quoted from the filing. Source

What this means

The company told the SEC it could not file its quarterly report on time (Form NT 10-Q) and then missed the 5-day extension too. Repeated late filings are a stronger warning.

Status: still missing

Why this score: report still not filed after extension; also within 90 days: Going-concern doubt, Late annual report (NT 10-K)