Woolworths (ASX:WOW) announced its venture capital arm, W23, has converted its $2.95 million convertible bond into 5.9 million CHESS depository interests in meal box delivery company Marley Spoon (ASX:MMM).
W23 continues to hold $27 million in Marley Spoon secured convertible bonds.
Woolworths and Marley Spoon are in a five-year partnership alliance which was entered into in June 2019.
The supermarket giant took a 9 per cent stake in Marley Spoon (ASX:MMM) in an investment worth $30 million in 2019.
Shares in Woolworths (ASX:WOW)