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Form D · on the record

MagneTec — $250K Form D filing, June 2026

MagneTec, LLC filed a Form D with the Securities and Exchange Commission on 2026-06-04.

MagneTec, LLC filed a Form D notice of an exempt securities offering with the SEC on June 4, 2026. The filing reports $250K sold. Its industry group is Retailing. It names Dylan Suddarth (Chief Executive Officer & Manager), Benjamin Brooks (Chief Operating Officer & Manager), James Stiles (Chief Technology Officer & Manager) (SEC Form D, June 4, 2026).

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MagneTec, LLC

New Form D on file · 2026-06-04 · the record

$250K
raise on the record
D
filing
1
investors in
ALABAMA
based
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What the record says

FilingForm D
Filed2026-06-04
Industry groupRetailing
Entity typeLimited Liability Company
Incorporated inALABAMA
Year formed2023
BasedHUNTSVILLE, ALABAMA
CIK2138519
Accession0002138519-26-000001

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What the filing shows about MagneTec, LLC

  • The filing reports $24K of the proceeds going to the company's own executives, directors or promoters.
  • 1 investor had already put money in when it filed.

Only in the Full Report: Who Runs It, And How To Reach Them · Warning Bells · Who Pays Them, And Who They Are Up Against.

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Who the filing names, and in what role

The filing gives MagneTec, LLC's address as 225 Wildflower Ct, Huntsville, AL 35811.

What the filing says

  • Offered: $250,000. Sold: $250,000. Left to sell: nothing, all of it is sold. (filing)
  • Investors: 1 had already invested. (filing)
  • Date of first sale: May 21, 2026. (filing)
  • Types of securities: Debt. (filing)
  • Item 16, payments to executive officers, directors or promoters: $24,000 of the proceeds is used or proposed to be used for such payments (the filing marks this amount as an estimate). The filing explains: “Estimated compensation to two managers at $1,000 per month per manager for twelve months in consideration of ongoing management and operational services to the Company.” (filing)

This is the company's own disclosure. A payment disclosed on a Form D is a disclosed use of proceeds, not a finding of wrongdoing.

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Is MagneTec, LLC a real, registered company?

MagneTec, LLC is a registered filer with the SEC (CIK 2138519) and has filed since 2026-06-04. 1 filing is on record, the latest on 2026-06-04.

A filing shows the company exists and what it reports about itself. It is not an audit or a rating.

Who runs MagneTec, LLC?

MagneTec, LLC's Form D of 2026-06-04 names Dylan Suddarth, Benjamin Brooks and James Stiles as its officers, directors or promoters.

How much has MagneTec, LLC raised?

Its new offerings report $250K sold across 1 offering, as its own filings state.

Retailing · by week
This raise, $250K, filed week of Jun 1

Trailing twelve months. 203 filings in Retailing, totalled by week. The dot is this raise, $250K, on the same scale — one filing against the whole group's total, so it sits low by construction.

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What the filing shows about MagneTec, LLC

  • The filing reports $24K of the proceeds going to the company's own executives, directors or promoters.
  • 1 investor had already put money in when it filed.
  • The filing names 3 people as officers, directors or promoters.

Only in the Full Report: Who Runs It, And How To Reach Them · Warning Bells · Who Pays Them, And Who They Are Up Against.

Example from a real report (our sample on Target): “Target eliminated approximately 1,800 corporate positions, with around 1,000 employees receiving layoff notices and the remainder accounted for by eliminating open roles.” Source: NBC News

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  2. Which Company This Is

  3. What They Do, And How The Money Works

  4. Who Runs It, And How To Reach Them

  5. The Money: Funding, Valuation, Runway

  6. Who Pays Them, And Who They Are Up Against

  7. Warning Bells

  8. Sources

    1 cited source found

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MagneTec, LLC: Raised $250K, Form D filed 2026-06-04
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Permanent URL: https://mentionfox.com/funding/magnetec-llc-form-d-26000001
Last updated 2026-10-20
Primary record: SEC filing 1 · SEC filing 2
MagneTec raised $250K — SEC Form D filing, June 2026. MentionFox, 2026-10-20. https://mentionfox.com/funding/magnetec-llc-form-d-26000001