Home / Auditor changes / Mag Magna Corp
Filed 2025-12-29 路 Form 8-K 路 Accession 0001949864-25-000032 nano
Price before filing: $1.64 (2025-12-26 close, split/dividend-adjusted)
Market cap at flag: $9.7M (2025-12-29) 路 Latest: $3.3M (2026-10-12)
| Window | MGNC | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | -36.0% | +0.7% | -36.7% | 2026-01-28 |
| 90 days | -63.4% | -8.2% | -55.2% | 2026-03-30 |
| 180 days | -54.3% | +7.9% | -62.2% | 2026-06-29 |
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.
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 2025-09-30 to 2026-01-28. 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.
"On November 14, 2025, Mac Accounting Group & CPAs, LLP ( "Mac Accounting Group" ) , resigned as the independent registered public accounting firm of Mag Magna Corp., a Wyoming corporation (the "Company" ), effective immediately."
Quoted from the filing. Source
The company changed its outside auditor (8-K Item 4.01). A dismissal or resignation, especially near an annual report or with reported disagreements, is a warning sign. Changes caused by audit firms merging are usually routine.
Type: resigned
Disagreements reported: no
Former auditor: Mac Accounting Group & CPAs, LLP · New auditor: Boladale Lawal & Co.
Why this score: auditor resigned; also within 90 days: Going-concern doubt, Late quarterly report (NT 10-Q)
Read the original filing on SEC.gov →
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Not investment advice. Automated summary; verify against the filing.
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