Mag Mile Capital, Inc. Files 10-K/A Amendment

TL;DR

<b>Mag Mile Capital, Inc. (MMCP) has filed an amended 10-K for the fiscal year ending December 31, 2023, providing updated financial and operational information.</b>

AI Summary

Mag Mile Capital, Inc. (MMCP) filed a Amended Annual Report (10-K/A) with the SEC on April 17, 2024. Mag Mile Capital, Inc. (MMCP) filed a 10-K/A amendment on April 17, 2024. The filing pertains to the fiscal year ending December 31, 2023. The company was formerly known as Myson, Inc., with a name change effective August 19, 2021. The business and mailing address is 3625 Cove Point Drive, Salt Lake City, UT 84109. The company's IRS number is 871614433 and it is incorporated in Oklahoma.

Why It Matters

For investors and stakeholders tracking Mag Mile Capital, Inc., this filing contains several important signals. This amendment indicates that Mag Mile Capital, Inc. is providing updated disclosures for its 2023 fiscal year, which could contain material changes or clarifications from its initial filing. As a publicly traded company, these filings are crucial for investors to understand the company's financial health, risks, and strategic direction.

Risk Assessment

Risk Level: low — Mag Mile Capital, Inc. shows low risk based on this filing. The filing is an amendment (10-K/A), suggesting potential corrections or additions to previously reported information, but the content of the amendment is not detailed enough to assess specific risks.

Analyst Insight

Investors should review the full amended filing to understand any changes or new information provided by Mag Mile Capital, Inc. regarding its 2023 performance and outlook.

Key Numbers

• 2023-12-31 — Fiscal Year End (Period of report)
• 2024-04-17 — Filing Date (Date of filing)
• 3625 Cove Point Drive — Street Address (Business and mailing address)
• Salt Lake City, UT 84109 — City, State, Zip (Business and mailing address)
• 801 209 0740 — Business Phone (Contact information)
• 000-56333 — SEC File Number (SEC filing details)

Key Players & Entities

• Mag Mile Capital, Inc. (company) — Filer name
• MMCP (company) — Ticker symbol
• Myson, Inc. (company) — Former company name
• Salt Lake City, UT (location) — Business and mailing address
• 871614433 (identifier) — IRS number
• Oklahoma (location) — State of incorporation
• 2023-12-31 (date) — Fiscal year end
• 2024-04-17 (date) — Filing date

FAQ

Industry Context

The filing is for Mag Mile Capital, Inc., which operates in the industrial process furnaces & ovens sector, as indicated by its SIC code.

Regulatory Implications

The filing is a 10-K/A, an amendment to the annual report, filed under the Securities Exchange Act of 1934.

What Investors Should Do

1. Review the full 10-K/A filing for Mag Mile Capital, Inc. to identify specific changes and new disclosures.
2. Analyze any updated financial statements or risk factors presented in the amendment.
3. Monitor future filings for any further developments or clarifications from the company.

Key Dates

• 2023-12-31: Fiscal Year End — The period for which the 10-K/A filing provides updated information.
• 2024-04-17: Filing Date — The date Mag Mile Capital, Inc. submitted the amended 10-K filing.

Year-Over-Year Comparison

This is an amended filing (10-K/A), indicating updates or corrections to a previous filing for the fiscal year ending December 31, 2023.

Key Financial Figures

• $0 — g) of the Exchange Act: Common Stock, $0. 00001 par value (Title of class) I
• $9 billion — personnel have collectively raised over $9 billion in real estate financing during their c
• $149,417 — ly 49% of our revenues of approximately $149,417 were derived from the financings we arr
• $495,000 — a change of control of the Company, for $495,000, pursuant to a Stock Purchase Agreement
• $0.50 — f our common stock at an exercise price $0.50 per warrant share with an exercise peri
• $1.0 billion — h Company As a company with less than $1.0 billion in revenue during our most recently com
• $1.235 billion — ge Commission, or if we issue more than $1.235 billion of non- convertible debt over a three-y

Filing Documents

• form10-ka.htm (10-K/A) — 997KB
• ex14-1.htm (EX-14.1) — 7KB
• ex31-1.htm (EX-31.1) — 10KB
• ex32-1.htm (EX-32.1) — 7KB
• form10-k_001.jpg (GRAPHIC) — 4KB
• log_001.jpg (GRAPHIC) — 3KB
• audit_002.jpg (GRAPHIC) — 49KB
• 0001493152-24-015063.txt (&nbsp;) — 4581KB
• mmcp-20231231.xsd (EX-101.SCH) — 32KB
• mmcp-20231231_cal.xml (EX-101.CAL) — 48KB
• mmcp-20231231_def.xml (EX-101.DEF) — 154KB
• mmcp-20231231_lab.xml (EX-101.LAB) — 261KB
• mmcp-20231231_pre.xml (EX-101.PRE) — 231KB
• form10-ka_htm.xml (XML) — 489KB

Risk Factors

Risk Factors 4 Item 1B. Unresolved Staff Comments 16 Item 1C. Cybersecurity 16 Item 2.

Properties

Properties 17 Item 3.

Legal Proceedings

Legal Proceedings 17 Item 4. Mine Safety Disclosures 17 PART II Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 18 Item 6. [Reserved] 19 Item 7.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 19 Item 7A.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 20 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 21 Item 9. Changes In and Disagreements with Accountants on Accounting and Financial Disclosure 22 Item 9A.

Controls and Procedures

Controls and Procedures 22 Item 9B. Other Information 23 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections. 23 PART III Item 10. Directors, Executive Officers, and Corporate Governance 23 Item 11.

Executive Compensation

Executive Compensation 25 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 28 Item 13. Certain Relationships and Related Transactions, and Director Independence 28 Item 14. Principal Accountant Fees and Services 29 PART IV Item 15. Exhibits and Financial Statement Schedules 29 Item 16. Form 10-K Summary 29

Signatures

Signatures 30 i PART I ITEM 1. DESCRIPTION OF BUSINESS Forward Looking Statements Except for statements of historical fact, the information presented herein constitutes forward-looking statements. These forward-looking statements generally can be identified by phrases such as "anticipates," "believes," "estimates," "expects," "forecasts," "foresees," "intends," "plans," or other words of similar import. Similarly, Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, but are not limited to, our ability to: successfully commercialize our technology; generate revenues and achieve profitability in an intensely competitive industry; compete in products and prices with substantially larger and better capitalized competitors; secure, maintain and enforce a strong intellectual property portfolio; attract additional capital sufficient to finance our working capital requirements, as well as any investment of plant, property and equipment; develop a sales and marketing infrastructure; identify and maintain relationships with third party suppliers who can provide us a reliable source of raw materials; acquire, develop, or identify for our own use, a manufacturing capability; attract and retain talented individuals; continue operations during periods of uncertain general economic or market conditions, and; other events, factors and risks previously and from time to time disclosed in our filings with the Securities and Exchange Commission, including, specifically, the "Risk Factors" enumerated herein. Although we believe the expectations reflected in our forward-looking

View Full Filing

View this 10-K/A filing on SEC EDGAR