Bam Entertainment Inc – ‘8-K’ for 9/30/03 – EX-99.2

On:  Thursday, 10/2/03, at 5:28pm ET   ·   For:  9/30/03   ·   Accession #:  950148-3-2408   ·   File #:  0-32989

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Current Report   —   Form 8-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                      HTML     19K 
 2: EX-4.1      Instrument Defining the Rights of Security Holders    16     66K 
 3: EX-10.1     Material Contract                                     34    148K 
 4: EX-99.1     Miscellaneous Exhibit                                  1      7K 
 5: EX-99.2     Miscellaneous Exhibit                                  2±     9K 

EX-99.2   —   Miscellaneous Exhibit

EX-99.2
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                                                                    EXHIBIT 99.2

BAM! ENTERTAINMENT COMPLETES SALE OF $1,776,000 OF ITS COMMON SHARES AND        
WARRANTS TO PURCHASE COMMON SHARES                                              

SAN JOSE, CA - OCTOBER 1, 2003 - BAM! ENTERTAINMENT, INC. (Nasdaq: BFUN), today 
announced that it had completed its previously announced sale of 1,850,000      
shares of its common stock and warrants to purchase another 1,665,000 shares of 
its common stock, resulting in gross proceeds (assuming no exercise of the      
warrants) of $1,776,000 million, in a private offering to institutional and     
accredited investors. The Company also granted the investors additional         
investment rights to purchase an additional 1,665,000 shares of its common stock
and warrants to purchase another 1,485,000 shares of its common stock.          

As previously announced, the shares of common stock sold at the closing were    
issued at $0.96 per share, which is equal to 80% the 30-day moving average price
per share through the date the agreement was signed. The warrants sold at the   
closing have a five-year term and are exercisable at $1.87 per share, which is  
equal to a premium of 110% of the closing bid price per share on the date the   
agreement was signed. The shares of common stock underlying the additional      
investment rights are purchasable at $0.96 per share and the warrants underlying
the additional investment rights have a five year term and are exercisable at   
the greater of $1.87 or the market price of the company's common stock on the   
date the additional investment right is exercised.                              

The additional investment rights are exercisable until 45 days business days    
after the effectiveness of a registration statement to be filed by the company  
covering the shares of common and warrants sold at on the closing. The company  
expects to use the net proceeds for general corporate purpose and working       
capital.                                                                        

This notice does not constitute an offer to sell, or the solicitation of an     
offer to buy, securities. The securities have not been registered under the     
Securities Act of 1933, or the securities laws of any jurisdiction and may not  
be offered or sold in the United States absent registration or an applicable    
exemption from the registration requirements of the Securities Act of 1933.     

This release contains statements that are "forward-looking statements" within   
the meaning of the Private Securities Litigation Reform Act of 1995. These      
statements are based on current estimates and projections about BAM!            
Entertainment's business, which are derived in part on assumptions of its       
management, and are not guarantees of BAM! Entertainment's future performance,  
as such performance is difficult to predict. Therefore, actual outcomes and     
results may differ materially from what is expressed or forecasted in such      
forward-looking statements due to numerous factors. Such factors include, but   
are not limited to, those described in BAM! Entertainment's Annual Report on    
Form 10-K for the year ended June 30, 2003, which is filed with the U.S.        
Securities and Exchange Commission. Readers of this release are referred to     
those filings. BAM! Entertainment does not intend to update any of these        
forward-looking statements after the date of this release.                      

NOTE: BAM! Entertainment, BAM! and BAM!4 are trademarks of BAM! Entertainment,  
Inc.                                                                            

FINANCIAL CONTACT:         BAM! Entertainment, Inc.                             
Stephen Ambler            
Chief Financial Officer   
Tel.:   (408) 298-7500    
 E-mail: sambler@bam4fun.com

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘8-K’ Filing		Date		Other Filings
Filed on:		10/2/03
		10/1/03
For Period End:		9/30/03		10-K,  10-Q,  10-Q/A,  8-K,  8-K/A,  NT 10-K
		6/30/03		10-K,  10-K/A,  NT 10-K
				List all Filings