Officials from BAM! Entertaiment have confirmed that the company has closed the funding of a $1.5 million, 7 percent convertible term note due on December 3, with Laurus ...
Officials from BAM! Entertaiment have confirmed that the company has closed the funding of a $1.5 million, 7 percent convertible term note due on December 3, with Laurus Master Fund.
Subject to Nasdaq's approval, the note can be converted into common stock of the company at a fixed conversion price of $1.33 per share. Laurus Funds was also issued a common stock purchase warrant to acquire 166,667 shares of the company’s common stock.
