2024-01-02 09:06:49 ET
- Naples Soap ( OTCPK:NASO ) said on Tuesday that the health and wellness company is set to offer 50M shares at $0.04 per share in a private placement.
- The proceeds from the offering is expected to be ~$2M.
- The company said it has received the board approval for the offering.
- The net proceeds will be used to expand B2B sales channels and enhance e-commerce efforts through website upgrades, AI integration and expanded marketing efforts.
- Source: Press Release
For further details see:
Naples Soap to launch private placement of 50M shares