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Top Shelf International Holdings Ltd. ( (AU:TSI) ) has provided an update.
Top Shelf International Holdings Ltd is undertaking a capital raise of up to $10 million through convertible notes to fund its business restructuring and operational costs, pending shareholder approval. The company is also finalizing a strategic distribution agreement with Amber Beverage Australia, aiming to improve performance and reduce costs, while planning to seek reinstatement on the ASX.
More about Top Shelf International Holdings Ltd.
Top Shelf International Holdings Ltd operates in the spirits industry, focusing on the production and distribution of award-winning spirits such as whisky and agave. The company is engaged in strategic partnerships and outsourcing to enhance its market presence and operational efficiency.
Technical Sentiment Signal: Sell
Current Market Cap: A$13M
For detailed information about TSI stock, go to TipRanks’ Stock Analysis page.