Top Shelf International Holdings is set to raise up to $10 million through convertible notes to support a strategic business restructure and operational improvements, alongside forging a key sales partnership with Amber Bev.
- Proposed $10 million convertible note capital raise pending shareholder approval
- Co-pack arrangement with Idyll Wine Co delivering operational cost savings
- Strategic sales and marketing partnership progressing with Amber Beverage Australia
- FY2024 audit underway with plans to re-list on ASX
- Award-winning spirits brands underpin restructuring efforts
Capital Raise to Support Business Restructuring
Top Shelf International Holdings Ltd (TSI), a Melbourne-based premium spirits producer, has announced plans to raise up to $10 million through a convertible note offering. This capital raise, subject to shareholder approval at the upcoming general meeting, aims to fund ongoing business restructuring, operational expenditure, and working capital needs. The move signals TSI’s commitment to stabilising its financial footing and positioning itself for future growth.
Operational Efficiencies and Strategic Partnerships
TSI has already implemented a co-pack arrangement with Idyll Wine Co Pty Ltd, which is delivering significant savings in operational costs. This partnership complements TSI’s award-winning distillation operations, which recently garnered multiple accolades at the Australian International Spirit Awards 2025, including recognition for NED Australian Whisky and Act Of Treason Australian Agave Spirit.
Further enhancing its market approach, TSI is progressing a strategic sales, distribution, and marketing partnership with Amber Beverage Australia Pty Ltd. Under the proposed arrangement, TSI will retain brand ownership and oversee marketing strategy, while Amber Bev will manage trade execution, logistics, and sales operations. This collaboration is expected to streamline TSI’s route-to-market and improve sales performance.
Path to ASX Reinstatement
TSI is advancing the audit of its FY2024 financial statements, targeting release of the annual report by the end of September 2025. The company plans to reconvene its 2024 Annual General Meeting and initiate the process for reinstatement to trading on the ASX, contingent on audit completion and regulatory approvals. Chairman and Interim Executive Julian Davidson expressed optimism about the restructuring’s progress and the foundation it lays for sustainable growth.
Looking Ahead
With the capital raise and strategic partnerships in motion, TSI is focused on delivering long-term operational improvements and financial stability. The company’s premium Australian spirits portfolio, combined with enhanced sales and marketing capabilities, positions it well to capitalize on market opportunities as it seeks to re-establish its presence on the ASX.
Bottom Line?
TSI’s upcoming shareholder vote and audit completion will be pivotal in determining its turnaround trajectory and market re-entry.
Questions in the middle?
- What are the final terms and investor appetite for the convertible notes?
- How will the Amber Bev partnership impact TSI’s sales growth and brand positioning?
- What timeline and conditions will govern TSI’s ASX reinstatement?