About MagDrive Technologies
MagDrive Technologies is a private company based in Bozeman, Montana, incorporated in 2022 in Delaware. It has reported $6,449,987 raised in five offerings on Form D since August 2022. Its chief executive is Nicholas Runyon.
Funding Rounds (SEC Form D)
| First sale | Filed with SEC | Amount sold | Investors | Avg. check | Terms | Filing |
|---|---|---|---|---|---|---|
| Jul 7, 2025 | Jul 17, 2025 | $3,499,987of $3.5M target | 8 | $437K | EquityRule 506(b) | Form D ↗ |
| Jun 24, 2024 | Jun 27, 2024 | $250,000of $1.0M target | 1 | $250K | Equity, OptionsRule 506(b) | Form D ↗ |
| May 1, 2024 | May 2, 2024 | $2,000,000of $6.0M target | 1 | $2.0M | EquityRule 506(b) | Form D ↗ |
| Oct 11, 2022 | Oct 13, 2022 | $250,000of $1.0M target | 2 | $125K | EquityRule 506(c) | Form D ↗ |
| Jun 1, 2022 | Aug 30, 2022 | $450,000of $5.0M target | 8 | $56,250 | Equity, OptionsRule 506(b) | Form D ↗ |
| Total, five offerings | $6,449,987 | |||||
First sale is the date the first investor in the offering committed to invest. Companies must file Form D within 15 days of that date, so filing dates run later.
Leadership Team
Executive officers and directors listed on MagDrive Technologies's Form D filed Jul 17, 2025.
RH
Robert Holt
Director
NR
Nicholas Runyon
CEO and director
DY
David Yakos
Executive officer, director and promoter
PS
Peter Strom
Executive officer, director and promoter
SS
Stephen Sanford
Executive officer, director and promoter