ARC Group, Inc. (OTCPK:ARCK) announced a private placement of up to minimum of 357,143 units and maximum of 5,000,000 units at $1.40 per unit for minimum gross proceeds of $500,000 and maximum gross proceeds of $7,000,000 on January 29, 2019. Each unit consists of one common share and one warrant, to purchase one share of common stock, at a purchase price of $1.40 per unit. Each warrant is exercisable for a term of five years at an exercise price of $1.55 per share, subject to adjustment. The company may receive an additional $1,000,000 in the transaction. The transaction is expected to close on March 31, 2019. All securities are issued pursuant to exemption provided under Regulation D.