Game Developer Bam Entertainment to Sell $2.3 Million in Shares

Authored by Mark Hefflinger on January 30, 2004 - 2:06am.

San Jose, Calif. -- Video game publisher Bam Entertainment said on Friday that it plans to raise $2.3 million through a private offering of its shares to institutional investors. The company will sell 2,532,522 shares and warrants to purchase another 1,519,513 shares at a share price of $0.92. In December, the company also raised $1.5 million in new financing. San Jose, Calif.-based Bam develops games for all console platforms and the PC, and has created games based on properties licensed from Cartoon Network, including "The Powerpuff Girls" and "Dexter's Laboratory."
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