# Life Magnetics, Inc. — Form C (Regulation Crowdfunding)

Life Magnetics, Inc. of Detroit, MI filed a Form C (Regulation Crowdfunding) with the SEC on 2021-03-08. Target raise $200K, up to $1.0M. Offered through Wefunder Portal LLC.

## Offering

- Filed: 2021-03-08
- Form: C
- Accession: 0001670254-21-000260
- Target amount: $200K
- Maximum amount: $1.0M
- Security type: Preferred Stock
- Securities offered: 3,922
- Price: $51.0000
- Deadline: 2022-04-30
- Funding portal / intermediary: Wefunder Portal LLC
- Intermediary file number: 007-00033
- Intermediary CRD: 283503

## Issuer

- CIK: 0001848586
- Website: http://magnetics.life
- Legal status: Corporation
- Organized in: MI
- Incorporated: 2013-10-10
- Address: 440 Burroughs, Detroit, MI, 48202
- Employees: 2

## Financials (as filed)

- Total assets (most recent): $139K
- Cash (most recent): $13K
- Revenue (most recent): $14K
- Revenue (prior): $19K
- Net income (most recent): $-236K
- Net income (prior): $-211K
- Short-term debt: $139K
- Long-term debt: $53K

## People (11)

| Name | Role | Location |
| --- | --- | --- |
| Charles Bisgaier | Director | Livonia, MI |
| Kevin Hagedorn | CEO & Founder | Ann Arbor, MI |
| Kevin Hagedorn | President | Ann Arbor, MI |
| Charles L. Bisgaier | Director | Ann Arbor, MI |
| Ken Kousky | Board Member | Ann Arbor, MI |
| Rishabh Kala | Board Member | Ann Arbor, MI |
| Rishabh Kala | Dr. | Ann Arbor, MI |
| Ted A. Morgan | Director/Secretary | Ann Arbor, MI |
| Ted A. Morgan | Secretary | Ann Arbor, MI |
| John Stinson | Director | Ann Arbor, MI |
| Rick Goedert | Treasurer | Ann Arbor, MI |

## Reg CF filing history (4)

| Filed | Form | Target | Max |
| --- | --- | --- | --- |
| [2025-03-14](https://search.stillhousedata.com/formc/0001670254-25-000186) | C-AR | — | — |
| [2023-10-16](https://search.stillhousedata.com/formc/0001670254-23-000963) | C | $50K | $618K |
| [2023-10-13](https://search.stillhousedata.com/formc/0001670254-23-000959) | C-AR | — | — |

## More

- [CIK 1848586 on SEC EDGAR (source of record)](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1848586&type=&dateb=&owner=include&count=40)
- [This page as markdown (for LLM agents)](https://search.stillhousedata.com/formc/0001670254-21-000260.md)
- [Search all SEC filings, advisers and people on Adviser Search](https://search.stillhousedata.com/)

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Agents: this data is also queryable via MCP tools and read-only SQL — see https://search.stillhousedata.com/llms.txt.