Naples Soap Company, Inc. announced a private placement that it will issue up to 50,000,000 shares of common stock only to accredited investors at a price of $0.04 per share for the gross proceeds of up to $2,000,000 on January 2, 2024. The securities offered in the private placement are exempt from registration under the Securities Act of 1933, as amended. Accredited investors are defined under Regulation D, and are in accordance with the requirements of Regulation D. The transaction has been approved by the board of directors of the company.