SEC Filing Document

Company: Ambitious Entertainment, Inc.
Ticker: 
CIK: 1900851
Filing Type: S-1
Document Type: S-1
Date Filed: 2026-05-15
Accession Number: 0001493152-26-023581
Exchange: 
SIC Code: 7812
SIC Description: Services-Motion Picture & Video Tape Production
URL: https://www.sec.gov/Archives/edgar/data/1900851/000149315226023581/forms-1.htm

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He also serves as a director of Yorkville Acquisition Corp., a Nasdaq-listed company, where he serves on the audit committee and the compensation committee. Mr. May served on the board of directors of Curzon Energy Plc, a company listed on the London Stock Exchange, for five years, during which he served on the audit committee. He also serves as chairman of the finance and audit committees of Ten North Group, LLC, and sits on the advisory board of Syredix Bio. Mr. May is an Emeritus member of the Board of Visitors at the Fuqua School of Business, Duke University, and a member of the President’s Council at the University of Miami. Mr. May holds an M.B.A. from Duke University’s Fuqua School of Business and a bachelor’s degree in biology from the University of Miami. He also holds FINRA Series 24, Series 7, Series 63, and Series 79 licenses. Ben Silverman

Silverman combines over 35 years of experience in entertainment and media industry senior management. Previously, he had been involved
in a number of companies in the television and film industry, holding positions including, Head of International Packaging Division for
William Morris Agency, and Co-Chairman of NBC Entertainment and Universal Media Studios. From 2002 through 2007 he was the founder and
CEO of Reveille Productions (a major production company). From 2009 to 2016, he was founder and president of Electus (a digital-first
production and distribution company). From 2016 to present, he has been Chairman and Co-CEO of Propagate Content, a leading independent
entertainment production and talent/creator management company (with subsidiaries including Artists First, Authentic Talent & Literary
Management, Select Management Group, and Parker Management) that focuses on premium scripted, unscripted, and digital content production,
as well as creator economy initiatives. He has an undergraduate degree from Tufts University.

Family
Relationships

There
are no family relationships among any of our executive officers or directors.

Corporate
Governance

are committed to having sound corporate governance principles, which are essential to running our business efficiently and maintaining
our integrity in the marketplace. We understand that corporate governance practices change and evolve over time, and we seek to adopt
and use practices that we believe will be of value to our stockholders and will positively aid in the governance of the Company. To that
end, we regularly review our corporate governance policies and practices and compare them to the practices of other peer institutions
and public companies. We will continue to monitor emerging developments in corporate governance and enhance our policies and procedures
when required or when our Board determines that it would benefit our Company and our stockholders.

this section, we describe the roles and responsibilities of our board of directors and its committees and describe our corporate governance
policies, procedures and related documents. The charters of the Audit, Nominating and Corporate Governance, and Compensation Committees
of our Board of Directors, our Corporate Governance Guidelines and Code of Business Conduct and Ethics can be accessed electronically
under the “Governance” link on the Investor Relations page of our website at www.ambitious.tv. The inclusion
of our website address in this section does not include or incorporate by reference the information on our website into this prospectus.

Board
Composition

Our
business and affairs are managed under the direction of our board of directors, which currently consists of [●] members. The number
of directors is determined by our board of directors, subject to the provisions of our amended and restated certificate of incorporation
and amended and restated bylaws. Our directors are elected annually for one-year terms.

Director
Independence

Under
Rule 303A of the NYSE Listed Company Manual, a director will qualify as an “independent director” only if,
our board of directors affirmatively determines that the person does not have a relationship that would interfere with the exercise of
independent judgment in carrying out the responsibilities of a director. In order to be considered independent for purposes of Rule 303A
of the NYSE Listed Company Manual, a member of an audit committee of a listed company may not, other than in his or her capacity as a
member of the audit committee, the board of directors, or any other board committee, accept, directly or indirectly, any consulting,
advisory, or other compensatory fee from the listed company or any of its subsidiaries or otherwise be an affiliated person of the listed
company or any of its subsidiaries.

Our
board of directors has undertaken a review of the independence of each director. Based on information provided by each director concerning
his background, employment and affiliations, our board of directors has determined that three of our five directors, do not have relationships
that would interfere with the exercise of independent judgment in carrying out the responsibilities of a director and that each of these
directors is “independent” as that term is defined under the listing standards of the NYSE American. In making such determination,
our board of directors considered the relationships that each such non-employee director has with us and all other facts and circumstances
that our board of directors deemed relevant in determining his independence, including the beneficial ownership of our capital stock
by each non-employee director.

Committees
of Our Board of Directors

Following
this offering, the board of directors will have established an Audit Committee, a Compensation Committee, and a Nominating and
Corporate Governance Committee. The board will have adopted written charters for each of these committees specifying the scope of responsibilities
of each of these committees and the means by which they carry out their responsibilities. Copies of the charters will be available on
our website upon the closing of this offering. Our board of directors may establish other committees from time to time as it deems necessary
or appropriate.

The
composition and responsibilities of each committee of our board of directors are described below. Members will serve on these committees
until their resignation or until otherwise determined by our board of directors. Our board of directors may establish other committees
as it deems necessary or appropriate from time to time.

Although
each committee will be directly responsible for evaluating certain enumerated risks and overseeing the management of such risks, the
entire board of directors will be generally responsible for and is regularly informed through committee reports about such risks and
any corresponding remediation efforts designed to mitigate such risks. In addition, appropriate committees of the board of directors
will receive reports from senior management within the organization in order to enable the board of directors to understand risk identification,
risk management and risk mitigation strategies. When a committee receives such a report, the chairman of the relevant committee reports
on the discussion to the full board of directors during the committee reports portion of the next board of directors meeting. This enables
the board of directors and its committees to coordinate the risk oversight role.

Upon
our listing on the NYSE American, each committee’s charter will be available under the Corporate Governance section of our website
at www.ambitious.tv. The reference to our website address does not constitute incorporation by reference of the information contained
at or available through our website, and you should not consider it to be a part of this prospectus.

Audit
Committee

After
this offering, we expect the initial members of our Audit Committee to be [_____]. [___] will chair the Audit Committee. All members
of our audit committee meet the requirements for financial literacy under the applicable rules and regulations of the SEC and the NYSE
American. Our board has determined that [ ] is an audit committee financial expert as defined under the applicable rules of the SEC and
has the requisite financial sophistication as defined under the applicable rules and regulations of the NYSE American. The Audit Committee’s
main function is to oversee our accounting and financial reporting processes, internal systems of control, independent registered public
accounting firm relationships and the audits of our financial statements. The Audit Committee’s responsibilities include, among
other things:

●	appointing,
approving the compensation of and assessing the independence of our registered public accounting firm;

●	overseeing
the work of our independent registered public accounting firm, including the receipt and consideration of reports from such firm;

●	reviewing
and discussing with management and the independent registered public accounting firm our annual and quarterly financial statements
and related disclosures;

●	monitoring
our internal control over financial reporting, disclosure controls and procedures and code of business conduct and ethics;

●	overseeing
our internal audit function;

●	overseeing
our risk assessment and risk management policies;

●	establishing
policies regarding hiring employees from the independent registered public accounting firm and procedures for the receipt and retention
of accounting related complaints and concerns;

●	meeting
independently with our internal auditing staff, independent registered public accounting firm and management;

●	reviewing
and approving or ratifying any related person transactions, and

●	preparing
the Audit Committee report required by SEC rules.