Business
Naples Soap Company to Launch Crowdfunding Offering to Raise up to $5,000,000 with DealMaker, Plan to Uplist to Major National Exchange
Naples Soap Company to Launch Crowdfunding Offering to Raise up to $5,000,000 with DealMaker, Plan to Uplist to Major National Exchange.
About this update from Naples Soap Company Inc.
[{"type":"text","content":"\nNaples Soap Company, Inc. (OTCQB: NASO), (“the Company”), a pioneering health and wellness brand that offers premium-quality skin and hair care products throughout the United States, today announced the launch of an equity offering of up to $5,000,000 in accordance with Regulation Crowdfunding (Reg CF). The offering will be available to accredited and non-accredited retail investors alike. DealMaker, a leading online capital raising platform which has supported companies in raising over $2 billion to date, will partner with Naples Soap Company on its offering. Prospective investors can find details about the investment opportunity on the Company’s website at www.invest.naplessoap.com.\n\n\nReg CF is recognized as being ideally suited for consumer product companies that have a large brand loyalist following that wants to further engage with the brand, including by becoming a shareholder. According to DealMaker, after investing 60% of shareholders in a company demonstrate increased brand loyalty, with a 54% increase in consumer spending on the brand.\n\n\nNaples Soap Company has a highly engaged customer base both online and at its 13 physical stores. In 2023 alone, three-quarters of a million consumers came through Naples Soap Company brick and mortar locations, making nearly 200,000 purchases. Over 80% of customers, or approximately 155,000, provided their email addresses when making a purchase. Likewise, unique visitors to the Company’s website (www.NaplesSoap.com) site totaled about three-quarters of a million visitors, leading to approximately 40,000 transactions in 2023. The Company’s customers are highly engaged with an email open rate of over 40% on the nearly 27 million emails sent to customers in 2023 alone.\n\n\n“We are thrilled to grow our Company by engaging on an even deeper level with our loyal customers through this Reg CF offering. Now that our offering is live, buying our stock is as easy as buying our soap,” stated Naples Soap Company Founder & CEO, Deanna Wallin. “We intend to use the funds to invest in growing our national wholesale accounts and launching new brands. The fundraise will also support our intention to uplist our stock on a major national exchange. We invite our customers to join our journey of growth.”\n\n\nAbout Naples Soap Company, Inc...