Nano Magic INC

Market Movers (8-K)

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Raymond Gunn has resigned from the board of directors of Nano Magic Inc. due to personal reasons and time constraints.
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Nano Magic Inc. announced that the SEC has vacated its 2020 trading suspension order, retroactive to its original date, after a four-year legal battle.
Better than expected
Delay expected
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Nano Magic Inc. has granted significant stock options to its CEO and CFO, with vesting schedules tied to performance and time.
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Nano Magic Inc. has dismissed UHY LLP as its independent auditor and engaged Fruci & Associates II, PLLC, effective June 19, 2024.
Worse than expected
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Nano Magic Inc. has announced the appointment of Casey Hurbis, Chief Marketing Officer at Rocket Mortgage, to its board of directors, effective April 29, 2024.
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Nano Magic Inc. reports progress in brand development and product placement across multiple sales channels, despite not meeting revenue and profit targets in 2023.
Worse than expected

Quarterly Earnings (10-Q)

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Nano Magic Inc. reported a significant increase in net losses for the third quarter of 2024, driven by higher operating expenses and a decrease in gross profit.
Worse than expected
Capital raise
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Nano Magic Inc. experienced a significant increase in net losses for the second quarter of 2024, driven by decreased revenues and increased costs of sales.
Worse than expected
Capital raise
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Nano Magic Inc. experienced a 17% decrease in revenue and an increased net loss in the first quarter of 2024 compared to the same period in 2023, alongside concerns about its ability to continue as a going concern.
Worse than expected
Delay expected
Capital raise

Annual Reports (10-K)

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Nano Magic Inc. saw an 8% increase in revenue and a significant improvement in gross profit for the year ended December 31, 2023, despite ongoing challenges.
Capital raise
Worse than expected

Insider Trading (Form 4)

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Nano Magic Inc.'s CEO, Tom J. Berman, was granted 500,000 stock options as partial compensation, with half vesting immediately and the other half vesting at the end of 2024.
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Nano Magic Inc.'s CEO, Tom J. Berman, received 100,000 stock options as part of his compensation for services as a director.
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Director Jeanne M Rickert acquired 100,000 options in Nano Magic Inc. as compensation for her service.
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Director Miles Geoffrey Gatland acquired 100,000 options in Nano Magic Inc. as compensation for his service.
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Director Scott E. Rickert of Nano Magic Inc. reported the acquisition of 100,000 stock options as compensation for his service.
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Ronald J. Berman, a director and officer of Nano Magic Inc., acquired 100,000 stock options as compensation for his services.

Schedule 13D - Activist Investments

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Ronald and Tom Berman, along with their affiliated LLCs, have reported a combined beneficial ownership of 58.6% of Nano Magic Inc.'s common stock, reinforcing their significant control over the company.
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Scott E. Rickert, Director and Chairman of Nano Magic Inc., has filed an Amendment No. 6 to Schedule 13D, disclosing a 7.2% beneficial ownership stake in the company's common stock.