# EDGAR Filing Document

**Accession Number:** 0001949864
**File Stem:** 0000000000-23-001415
**Filing Date:** 2023-2
**Character Count:** 14973
**Document Hash:** 15437caa8b90815db58ded4f4b3ace70
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000000000-23-001415.hdr.sgml**: 20231121

**ACCESSION NUMBER**: 0000000000-23-001415

**CONFORMED SUBMISSION TYPE**: UPLOAD

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20230210

**FILED FOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Mag Magna Corp.
- **CENTRAL INDEX KEY:** 0001949864
- **STANDARD INDUSTRIAL CLASSIFICATION:** MEDICINAL CHEMICALS & BOTANICAL PRODUCTS [2833]
- **IRS NUMBER:** 981626237
- **STATE OF INCORPORATION:** WY
- **FISCAL YEAR END:** 0430

**FILING VALUES:**
- **FORM TYPE:** UPLOAD

**BUSINESS ADDRESS:**
- **STREET 1:** 325 W WASHINGTON ST, STE 2877
- **CITY:** SAN DIEGO
- **STATE:** CA
- **ZIP:** 92103
- **BUSINESS PHONE:** 16204692043

**MAIL ADDRESS:**
- **STREET 1:** 325 W WASHINGTON ST, STE 2877
- **CITY:** SAN DIEGO
- **STATE:** CA
- **ZIP:** 92103
**PUBLIC REFERENCE ACCESSION NUMBER**: 0001949864-22-000002

## Text-Extract

```

United States securities and exchange commission logo

                               February 10, 2023

       Oleg Bilinski
       Chief Executive Officer
       Mag Magna Corp.
       325 W Washington St., Ste 2877
       San Diego, CA 92103

                                                        Re: Mag Magna Corp.
                                                            Amendment No. 1 to
Registration Statement on Form S-1
                                                            Filed January 30,
2023
                                                            File No. 333-268561

       Dear Oleg Bilinski:

             We have reviewed your amended registration statement and have the
following
       comments. In some of our comments, we may ask you to provide us with
information so we
       may better understand your disclosure.

              Please respond to this letter by amending your registration
statement and providing the
       requested information. If you do not believe our comments apply to your
facts and
       circumstances or do not believe an amendment is appropriate, please tell
us why in your
       response.

              After reviewing any amendment to your registration statement and
the information you
       provide in response to these comments, we may have additional comments.
Unless we note
       otherwise, our references to prior comments are to comments in our
December 22, 2022 letter.

       Amendment No.1 to Form S-1 filed January 30, 2023

       Cover Page

   1.                                                   We note your response
to our prior comment 2; however, request that a specific date be
                                                        included in relation to
the termination of the offering, as required by Item 501(b)(iii) of
                                                        Regulation S-K. Please
revise your disclosure accordingly.
       Prospectus Summary, page 5

   2.                                                   We note your response
to our prior comment 5 and related revisions; however, also note
                                                        your continued
reference to "ongoing and planned clinical trials for [y]our product
                                                        candidates" and your
disclosure stating your intention and seek regulatory approval for
                                                        your "current product
candidates and any future product candidates [you] may develop".
 Oleg Bilinski
FirstName
Mag MagnaLastNameOleg  Bilinski
            Corp.
Comapany10,
February   NameMag
             2023  Magna Corp.
February
Page 2 10, 2023 Page 2
FirstName LastName
         In light of this disclosure, please revise the prospectus both in the
Summary and Business
         sections to set out the regulatory regime applicable to your current
product(s), clarifying
         the steps the company will have to go through to seek approval prior
to commercialization
         and revenue generation.
3.       We note your response to our prior comment 6, including your revised
disclosure on page
         7 regarding the effects and functioning of MAGA and CHASIS and
Exhibits 99.4 and
         99.5, which are labeled as "product leaflets". Please disclose who
generated the product
         leaflets and how the claims contained therein were substantiated.
Please also disclose
         within the prospectus the basis for the claims made on page 7.
4.       We note your response to our prior comment 7. Please expand your
disclosure to explain
         what the referenced registration process entailed and the significance
of such registrations.
         Please also discuss any preclinical and/or clinical studies conducted
by IPAX to date.
5.       We note your response to our prior comment 8; however, it is unclear
what "optimizing
         existing properties of components" means or entails. Please revise to
clarify this
         statement.
6.       We note your response to our prior comment 10. Please revise your
disclosure to include
         the substance of your response, namely that the Company aims to
workwith companies
         engaged in feed additives distribution and poultry cultivation but has
not yet engaged in
         any material relationships with any companies. Please make clear that
the company
         currently has no "partners".
Risk Factors, page 15

7.       We note your response to our prior comment 13 and we reissue in part.
Please further
         revise your disclosure to explain the consequences of not complying
with the reporting
         obligations applicable to the company after the registration statement
is declared effective,
         including those obligations arising under the Securities Exchange Act
of 1934.
Dilution , page 27

8.       We note your response to comment 19. Based upon your reported
historical net tangible
         book value and net offering proceeds of $17,000 at the 25% of shares
sold from the
         maximum offering available, please reconcile for us how you determined
the $(3,629) of
         post offering net tangible book value as of October 31, 2022. Please
review the
         calculations within the other scenarios of your offering sold as
applicable.
Management
Executive Officers and Directors, page 34

9.       We note your response to our prior comment 23. Please further revise
your disclosure to
         clarify whether Mr. Bilinski still serves as President and CEO of Mass
Petroleum Inc. and
         if not, provide the date such positions ended.
 Oleg Bilinski
Mag Magna Corp.
February 10, 2023
Page 3
Item 17. Undertakings, page 62

10.   We note the undertakings provided starting on page 62; however, such
disclosure does not
      appear applicable to this offering. We also note that you have not
checked the Rule 415
      box on the cover page; however, you appear to be conducting a continuous
offering.
      Please clarify whether Rule 415 applies and if so, provide the
undertakings required by
      Rule 415(a)(3). See Rule 415 of the Securities Act of 1933 and Item 512
of Regulation S-
      K for guidance.
Statement of Operations, page F-2

11.   We noted that you provided interim information for the three months ended
October 31,
      2022. Please revise your financial statements to also include your
statement of operations
      for the six months ended October 31, 2022. This similarly applies to your
statement of
      changes in stockholders' equity (deficit) presented on page F-4.
Statement of Changes in Stockholders' Equity (Deficit), page F-3

12.   Your statement of changes in stockholders' equity (deficit) does not
appear
      mathematically accurate. Please revise.
Statement of Cash Flows , page F-5

13.   Your net income presented here does not agree with your net income on
your statement of
      operations for the period ended October 31, 2022. This also applies to
your statement of
      cash flows for the period ended April 30, 2022. Please revise.
       You may contact Tara Harkins at 202-551-3639 or Sasha Parikh at
202-551-3627 if you
have questions regarding comments on the financial statements and related
matters. Please
contact Cindy Polynice at 202-551-8707 or Laura Crotty at 202-551-7614 with any
other
questions.

                                                           Sincerely,
FirstName LastNameOleg Bilinski
                                                           Division of
Corporation Finance
Comapany NameMag Magna Corp.
                                                           Office of Life
Sciences
February 10, 2023 Page 3
cc:       Roger D. Linn
FirstName LastName

```

### Attached PDF Documents

**Attachment 1:** `filename1`

![img-0.jpeg](img-0.jpeg)

CORPORATION FINANCE

# UNITED STATES  
SECURITIES AND EXCHANGE COMMISSION  
WASHINGTON, D.C. 20549

February 10, 2023

Oleg Bilinski  
Chief Executive Officer  
Mag Magna Corp.  
325 W Washington St., Ste 2877  
San Diego, CA 92103

**Re: Mag Magna Corp.**

**Amendment No. 1 to Registration Statement on Form S-1**

**Filed January 30, 2023**

**File No. 333-268561**

Dear Oleg Bilinski:

We have reviewed your amended registration statement and have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure.

Please respond to this letter by amending your registration statement and providing the requested information. If you do not believe our comments apply to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response.

After reviewing any amendment to your registration statement and the information you provide in response to these comments, we may have additional comments. Unless we note otherwise, our references to prior comments are to comments in our December 22, 2022 letter.

Amendment No.1 to Form S-1 filed January 30, 2023

# Cover Page

1. We note your response to our prior comment 2; however, request that a specific date be included in relation to the termination of the offering, as required by Item 501(b)(iii) of Regulation S-K. Please revise your disclosure accordingly.

# Prospectus Summary, page 5

2. We note your response to our prior comment 5 and related revisions; however, also note your continued reference to 'ongoing and planned clinical trials for [y]our product candidates' and your disclosure stating your intention and seek regulatory approval for your 'current product candidates and any future product candidates [you] may develop'.

Oleg Bilinski
Mag Magna Corp.
February 10, 2023
Page 2

In light of this disclosure, please revise the prospectus both in the Summary and Business sections to set out the regulatory regime applicable to your current product(s), clarifying the steps the company will have to go through to seek approval prior to commercialization and revenue generation.

3. We note your response to our prior comment 6, including your revised disclosure on page 7 regarding the effects and functioning of MAGA and CHASIS and Exhibits 99.4 and 99.5, which are labeled as "product leaflets". Please disclose who generated the product leaflets and how the claims contained therein were substantiated. Please also disclose within the prospectus the basis for the claims made on page 7.
4. We note your response to our prior comment 7. Please expand your disclosure to explain what the referenced registration process entailed and the significance of such registrations. Please also discuss any preclinical and/or clinical studies conducted by IPAX to date.
5. We note your response to our prior comment 8; however, it is unclear what "optimizing existing properties of components" means or entails. Please revise to clarify this statement.
6. We note your response to our prior comment 10. Please revise your disclosure to include the substance of your response, namely that the Company aims to work with companies engaged in feed additives distribution and poultry cultivation but has not yet engaged in any material relationships with any companies. Please make clear that the company currently has no "partners".

Risk Factors, page 15

7. We note your response to our prior comment 13 and we reissue in part. Please further revise your disclosure to explain the consequences of not complying with the reporting obligations applicable to the company after the registration statement is declared effective, including those obligations arising under the Securities Exchange Act of 1934.

Dilution, page 27

8. We note your response to comment 19. Based upon your reported historical net tangible book value and net offering proceeds of $17,000 at the 25% of shares sold from the maximum offering available, please reconcile for us how you determined the $(3,629) of post offering net tangible book value as of October 31, 2022. Please review the calculations within the other scenarios of your offering sold as applicable.

Management

Executive Officers and Directors, page 34

9. We note your response to our prior comment 23. Please further revise your disclosure to clarify whether Mr. Bilinski still serves as President and CEO of Mass Petroleum Inc. and if not, provide the date such positions ended.

Oleg Bilinski  
Mag Magna Corp.  
February 10, 2023  
Page 3

# Item 17. Undertakings, page 62

10. We note the undertakings provided starting on page 62; however, such disclosure does not appear applicable to this offering. We also note that you have not checked the Rule 415 box on the cover page; however, you appear to be conducting a continuous offering. Please clarify whether Rule 415 applies and if so, provide the undertakings required by Rule 415(a)(3). See Rule 415 of the Securities Act of 1933 and Item 512 of Regulation S-K for guidance.

# Statement of Operations, page F-2

11. We noted that you provided interim information for the three months ended October 31, 2022. Please revise your financial statements to also include your statement of operations for the six months ended October 31, 2022. This similarly applies to your statement of changes in stockholders' equity (deficit) presented on page F-4.

# Statement of Changes in Stockholders' Equity (Deficit), page F-3

12. Your statement of changes in stockholders' equity (deficit) does not appear mathematically accurate. Please revise.

# Statement of Cash Flows , page F-5

13. Your net income presented here does not agree with your net income on your statement of operations for the period ended October 31, 2022. This also applies to your statement of cash flows for the period ended April 30, 2022. Please revise.

You may contact Tara Harkins at 202-551-3639 or Sasha Parikh at 202-551-3627 if you have questions regarding comments on the financial statements and related matters. Please contact Cindy Polynice at 202-551-8707 or Laura Crotty at 202-551-7614 with any other questions.

Sincerely,

Division of Corporation Finance

cc: Roger D. Linn