IPO - Mag Mile Capital, Inc.

Form Type: 424B4

Filing Date: 2025-02-19

Corporate Action: Ipo

Type: New

Accession Number: 000149315225007600

Filing Summary: This document is a prospectus for Mag Mile Capital, Inc., covering the potential resale of 1,788,227 shares of common stock offered by a specified selling stockholder at a fixed price of $0.60, the last sales price on February 5, 2025. Rushi Shah, the President and CEO, holds a significant majority of voting rights, controlling approximately 87% of the voting power post-offering. The prospectus details the company's history, including a reverse merger that occurred on March 30, 2023, between Myson and Megamile Capital. Following the merger, the company adopted its current name and trading symbol (MMCP), effective from September 5, 2023. The company describes itself as an emerging growth entity engaged in commercial real estate mortgage banking, leveraging various capital sources and innovative software solutions for real estate financing. Additionally, it remains subject to penny stock rules and is noted that investments involve significant risks. The document provides important earnings and operational strategies, indicating future growth plans and risk factors pertinent to potential investors.

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Form Type: CORRESP

Filing Date: 2025-02-14

Corporate Action: Ipo

Type: New

Accession Number: 000149315225006676

Filing Summary: Mag Mile Capital, Inc. requests the acceleration of the effective date for its Registration Statement on Form S-1, seeking to have it become effective on February 14, 2025, at 4:30 p.m. Eastern Time. The company has designated CM Law PLLC as its counsel, and urges the Securities and Exchange Commission to confirm this timing by contacting their attorney, Ernest Stern. Additionally, they request that a written confirmation of the effective date be emailed to their counsel.

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Form Type: S-1

Filing Date: 2025-02-07

Corporate Action: Ipo

Type: New

Accession Number: 000149315225005459

Filing Summary: Mag Mile Capital, Inc. is filing a registration statement for an initial public offering (IPO) of 1,788,227 shares of common stock at a fixed price of $0.60 per share. The offering is being made by the selling stockholder and the company will not receive proceeds from this sale. Rushi Shah, the company's President and CEO, holds a significant majority of the voting rights with approximately 87% of the voting power due to his ownership of 87,424,424 shares of common stock. The company's preferred stock includes 1,000,000 shares of Series A preferred stock, convertible into common stock, but none are currently issued. Mag Mile Capital operates as a commercial real estate mortgage banking firm with a wide range of services related to real estate financing. The company was formed after a reverse merger with Myson, Inc. on March 30, 2023, and underwent a name change in 2023. Investments will focus on marketing, strategic acquisitions, and commercialization of their proprietary software, CapLogiq. As an emerging growth company, it will adhere to reduced public company reporting requirements. Investing in its securities carries significant risks, as outlined in a dedicated section of the prospectus.

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