It's an S-3 and not an issuance. They issued a PR the other day that as a result of Warrants being exercised they have a good cash position going into 2016. From the PR.
"We are pleased to announce that going into 2016, we have a strengthened cash position and we do not intend to raise capital in the near term. I believe it is important that we continually update investors on our activities. Keeping investors abreast of our financial position is one such update. We believe that with the additional cash received from these warrants, and our recently announced equipment sale to Green Arc Supply in Louisiana, we will start next year in a position of strength and our focus will be strategy execution," stated Ermanno Santilli, CEO of MagneGas Corporation.
In addition, as the result of the deal announced yesterday with Masada Waste Management Of Sierra Leione they have another $550,000
10:43 am ET December 16, 2015
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