Public Offering of Units Price Announced By NAC Global Technologies

NAC Global Technologies, Inc. (OTCQB:NACG) has announced the pricing of a public offering of 9,500,000 Units. The purchase price per Unit is $0.05.
According to the press release:

Each Unit consist[s] of one share of common stock, par value $0.001 per share, two Series A Warrants each to purchase one share of common stock, and one Series B warrant to purchase one share of common stock.
The Company intends to use the net proceeds received from the public offering for working capital, repayment of certain debts, and other general corporate purposes.
Alexander Capital, L.P. is acting as the exclusive placement agent for the public offering.
A registration statement on Form S-1 (File No. 333-200969), filed initially with the Securities and Exchange Commission (the “SEC”) was filed on December 15, 2014, and is available, including all amendments thereto, on the SEC’s web site at https://www.sec.gov. Copies of the final prospectus relating to the public offering, when available, may be obtained from the offices of Alexander Capital, L.P., 17 State Street, 5^th Floor, New York, NY 10004, (212) 687-5650, or from the above-mentioned SEC website.

Click here to read the full press release from NAC Global Technologies.