Soapbox Soaps re-opened and upped its offering cap to receive $260,000 in commitments

Change: offered +164% / raised +108% / placed 79%

soapbox soapSoapbox Soaps re-opened and upped its debt financing to $330,000 from $125,000 after selling additional securities. A total of two additional backers invested $135,000 in the company’s offering. The prior information, filed almost six months ago, stated one investor had committed $125,000. Soapbox Soaps’ offering has $70,000 left up for subscription. The offering’s expected net proceeds will amount to $326,000 which excludes $4,000 to be paid toward officers’ salaries. The subscription is structured to close once the 21% left is fully subscribed or in six months at the latest. The company closed three unregistered private placements which raised an estimated $2 million.

The company markets natural soap with a purpose. The company donates either one bar of soap, fresh water or vitamin supplement to a child in need for every bar of soap purchased. The company donates in the US and also abroad. The company’s products include bar ($4.99) and liquid soap ($6.99) and it is in the process of launching body wash. Soaps contain gluten free ground oatmeal, organic shea butter and sea salt. They are free of palm oil, parabens, phthalates,¬†sodium lauryl sulfate and other petrochemicals.

The company, headquartered in Alexandria VA, is led by David W Simnick (CEO and Co-founder). Soapbox Soaps kept its revenues undisclosed.
The executive team includes Daniel Doll.

The company has raised an estimated total of $2.26 million via private unregistered security offerings.

Offering recap
Status: Intermediary close
Company: Soapbox Soaps
Industry: Retailing
Amount offered: $330,000
Amount placed: $260,000
First sale: 10-02-2013
Data as of: 03-20-2014


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