Latitude 360, Inc. (OTCPK:LATX) announced that it will raise maximum of up to $6,000,000 on December 17, 2014. The company will issue 6,000 units at a price of $1,000 per unit in the transaction. The company will issue securities pursuant to exemption provided under Regulation D. Newport Coast Securities, Inc. will act as placement agent to the company and will receive a sales commission of up to $600,000 in the transaction.